Sunsuper for Life Business - savings account
- Last updated on 03 Jul 2020
QSuper Lifetime
Pay no transaction or switching fees and enjoy a range of different investment options
$78
$538
Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2020 Fund of the Year Award, as well as the 2020 MyChoice Super of the Year Award. 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 outperformed the SuperRatings Index over each time period assessed to 30 June 2019.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. 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.
Admin fee $78 | Health insurance |
Administration fee (%) 0.1% | Binding nominations |
Indirect cost ratio (%) 0.54% | Anti-detriment payments |
Exit fee $0 | Switching fee $0 |
Financial planning service | Employer size discount |
Credit cards | Home loans |
Insurance life event increases | Non-lapsing binding nominations |
Investment fee 0.28% | Long term income protection |
Account size discount |
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
Product | Past 5-year return | Admin fee | Company | Calc fees on 50k | Features | SuperRatings awards | Go to site | |
|---|---|---|---|---|---|---|---|---|
5.61% | $78 | Sunsuper for Life - Super-savings Account | $538 | Advisory services Death insurance Income protection Online access Term deposits Variety of options |  | More details | ||
5.61% | $78 | Sunsuper - Corporate | $538 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
5.61% | $78 | Sunsuper for Life - MySuper | $533 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
New Fund | $78 | Sunsuper for Life Business - savings account | $538 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details |
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