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Sunsuper for Life Business - savings account

Past 5-year return
New fund
Admin fee
$78
Calculated Fees on 50k
$563
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Sunsuper for Life Business provides a solution to serve you for the whole of your life.
Very flexible insurance arrangements offered.
Online education resources and workplace seminars accessible to fund members.
Affordable financial planning services available.
Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2019 MyChoice Super of the Year Award, as well as the 2019 Best New Innovation Award for Sunsuper BEAM. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.Members have access to an investment menu comprising 19 Diversified and Single Sector options, including both actively managed and index investment strategies. The Balanced option has outperformed the SuperRatings Index over the short and long term.Fees are lower than the industry average across all assessed account balances, with the asset administration fee charge on account balances up to $800,000 only. Members are able to switch investment options at no cost; however, an exit fee applies. A full suite of insurance cover is offered, with Standard Cover available up to an Automatic Acceptance Limit (AAL) of $1 million for Death & TPD cover and $12,000 per month for Income Protection (IP). Members can also apply for additional Death cover up to $5 million and TPD cover up to $3 million. Voluntary IP cover is also available covering up to 85% of salary, over a benefit payment period of 2 years or 5 years with a choice of 30, 60, 90 day waiting periods.Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.
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Fees & fund features

Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.56%
Exit fee
Exit fee
$47
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.31%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$78
Administration fee (%)
Administration fee (%)
0.10%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.56%
Exit fee
Exit fee
$47
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.31%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$0
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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