TelstraSuper Personal Plus

TelstraSuper Personal Plus was established in 1996 to provide for the retirement needs of employees of Telstra Corporation Limited. The fund is only available to former employees and their family. TelstraSuper was a finalist for both the 2019 Career Fund of the Year and 2019 MyChoice Super of the Year awards.TelstraSuper Personal Plus offers an investment menu of 5 diversified options, 5 single sector options, as well as access to direct equities and term deposits. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are lower than the industry average across all account balances assessed. There are no switching or exit fees, although a buy-sell spread may apply.TelstraSuper Personal Plus's insurance offering allows eligible members to apply for an unlimited amount of Death cover and up to $5 million of TPD cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection is available covering up to 85% of salary with a 2 year benefit period following a 30, 60, 90 or 120 day waiting period. TelstraSuper offers access to a comprehensive range of educational resources, financial advice services and nation-wide information seminars. The fund also offers discounts from a range of service providers, including HCF Health Insurance.