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Victorian Independent Schools Superannuation Fund - MySuper

Past 5-year return
New fund
Admin fee
$52
Calculated Fees on 50k
$527
Compare
Access to your super account 24/7 via Member Online and the VISSF mobile app for smartphones.
Easy super management so you can quickly find and combine other super into your VISSF account.
Competitive fees and a track record of consistent long-term performance.
Financial advice services to help you answer simple super and retirement questions or prepare tailored financial plans.
Regular educational seminars, short videos and webinars to help boost your super balance and prepare for life after work.
The Victorian Independent Schools Superannuation Fund (VISSF) was launched in 1958 by a group of female teachers in independent schools throughout Victoria, who fought for superannuation entitlements. This fund caters for both Defined Benefit and Accumulation Plans and is only available to current and former employees, as well as their spouses.The fund's MySuper offering comprises a single diversified investment option, the Balanced option. VISSF's choice members have access to an additional 2 Diversified options, as well as a Cash option. The Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2018. Fees associated with this product are competitive across all assessed account balances. Members are entitled to 2 free investment switches per year and are not charged a buy/sell spread, while an exit fee applies for withdrawals.VISSF's insurance offer allows 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. IP with a benefit period of 2 years, 5 years or to age 65, covering up to 88% of salary is available following a 90 day waiting period. VISSF members can access comprehensive financial services advice including financial planning, taxation, retirement advice and Will preparation at discounted rates. Additionally, online account, health insurance and newsletters are available.
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Fees & fund features

Admin fee
Admin fee
$52
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$65
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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
$52
Administration fee (%)
Administration fee (%)
0.00%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.35%
Exit fee
Exit fee
$65
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.60%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$30
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
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Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
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FAQs

MySuper accounts are basic, low-fee accounts. If you don’t nominate a superannuation fund, your employer must choose one for you that offers a MySuper account.

MySuper accounts offer two investment options:

  1. Single diversified investment strategy

Your fund assigns you a risk strategy and investment profile, which remain unchanged throughout your working life.

  1. Lifecycle investment strategy

Your fund assigns you an investment strategy based on your age, and then changes it as you get older. Younger workers are given strategies that emphasise growth assets

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