Aware Super | Performance, features and fees - finder.com.au

Aware Super | Performance, features and fees

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A low-fee super fund with 12 different ways to invest including a MySuper option and an ethical investment option

Aware Super offers members a MySuper Life Cycle investment option that adjusts your investment mix according to your age, as well as a range of pre-mixed diversified investment options and a range of single asset class options.

5.49%

Past performance - 1 year

8.37%

Past performance - 5 Years

$519.42

Annual fees on $50k balance

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Details

Product NameAware MySuper Life Cycle Growth
Past performance - 5 Years8.37%
Annual admin fee$61.18 + 0.18% of balance p.a.
Insurance includedDeath,TPD,Income Protection
Number of members1,060,000

Performance figures quoted on this page are correct to December 2020, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

What are the key features of Aware Super?

  • Choose from 12 investment options. Choose between five pre-mixed investment portfolios or seven single asset classes.
  • MySuper investment option. Aware Super's MySuper option is a high growth investment option while you're under age 55, then it'll gradually change to a growth option with slightly less exposure to shares.
  • Ethical investments available. Choose to invest in a pre-mixed portfolio of socially responsible investments, or invest in socially responsible Australian shares.
  • Doesn't directly invest in tobacco. Aware has less than 0.1% of all its investments in companies that manufacture tobacco products.
  • Default insurance cover. Eligible members receive automatic death and total permanent disablement (TPD) cover, with the option to increase, reduce or cancel cover at any time. Aware Super also offers tailored insurance cover for some higher risk professions such as police and ambulance.
  • Consolidate your super online. You can easily opt to consolidate your existing super into your new Aware Super account when joining, or any time after you've joined via the web portal or mobile app.

What investment options are available?

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What fees does Aware Super charge?

The following fees apply annually to members invested in the default MySuper Life Cycle option, which is the High Growth option for members aged under 55 years.

  • Admin fees: $61.18 + 0.18% of account balance per year
  • Investment fees (including Indirect cost ratio): 0.74% of account balance per year

What insurance options are available with Aware Super?

You can opt in for the following default insurance when you become an Aware Super member:

  • Death: This is paid to your beneficiaries (usually your immediate family) in the event of your unexpected death.
  • TPD: This is paid to you in the event you become disabled to the point you cannot work.

Your level of cover will depend on your age and occupation, and you can reduce your level of cover or cancel your cover altogether at any time. You also have the option of adding income protection insurance cover at any point.

How do I join Aware Super?

You can join Aware Super online; and the application process is simple and should take you 10-20 minutes to complete.

Make sure you have the following details handy before you start the application:

  • Your full name, date of birth and gender
  • Your Australian residential address
  • Your phone number and email address
  • Your tax file number (TFN)
  • Your chosen investment option and insurance cover
  • Details of your existing super fund if you'd like to consolidate your funds during the application process

Once your application has been completed successfully, you'll receive the details of your membership by email. You should then give these details to your employer if you'd like your compulsory employer super payments to go into your Aware Super fund.

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