Sunsuper for Life - Super-savings Account
- Last updated on 06 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 Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Members can apply for unlimited Death cover and up to $3 million of TPD cover through Tailored Death and TPD cover. Opt In Income Protection (IP) provides eligible new members with a benefit payment period of 2 years following a 90 day waiting period, covering up to 85% of salary, while 5 year or to age 65 benefit periods with 30, 60 or 180 day waiting periods can also be accessed through the Tailored IP cover. 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 - Corporate | $538 | Advisory services Death insurance Income protection Online access Term deposits Variety of options | | More details | ||
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 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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