Kogan Super is closed to new applicants from 22 September 2023
Kogan Super
Kogan Super offers a small range of low-fee, high-performing indexed investment options for your super. The products are managed by Mercer Superannuation, Australia's largest super administrator. As there isn't a default MySuper product available with Kogan Super, you'll be asked to choose an investment option when you first join the fund.
What are the key features of Kogan Super?
5 investment options. Kogan Super offers 5 different investment options to choose between when you join the fund.
Index investing. Most of the investment options are indexed investments.
Mobile app. The Kogan Money mobile app allows you to monitor your super balance and recent transactions and contributions on the go.
Partnered with Mercer. Kogan Super has partnered with Mercer Superannuation, Australia's largest super administrator, to be the trustee of this product.
Kogan Super investment options explained
Kogan Super offers 5 different investment options to choose from. Most of these use an indexed investment strategy. Note that there isn't a default MySuper product offered by Kogan Super.
Pre-mixed investment options
Risk level
Asset allocation
Enhanced Indexed Growth
This option has around 72% allocation to growth assets including local and international shares, alternatives, fixed interest and cash. It's designed for a lot more growth over the long term compared to the Enhanced Indexed Conservative Growth options, while investing in less growth assets than the Indexed Diversified Shares option.
High
Growth: 72%
Defensive: 28%
Enhanced Indexed Conservative Growth
This option invests in a similar mix of asset classes as the Enhanced Indexed Growth option, however it has much more exposure towards defensive assets like cash.
Medium
Growth: 34%
Defensive: 66%
Indexed Australian Listed Property
This option invests almost exclusively in Australian listed property assets.
High
Growth: 100%
Indexed Diversified Shares
This option invests entirely in Australian and international shares.
High
Growth: 100%
Cash
This option is 100% defensive, with the entire balance invested in cash.
Very Low
Defensive: 100%
*Asset allocation between growth and defensive assets correct as of January 2022, and may shift slightly from time to time.
What insurance does Kogan Super offer?
When you join Kogan Super, you can access the following types of insurance cover through your super:
Total and permanent disablement cover. This type of cover provides a lump sum payment if you become totally and permanently disabled and can no longer work.
Death cover. This policy provides a lump sum payment when you die, allowing you to provide for your loved ones and help them repay debts.
A default level of this cover will be available automatically when you join (if you're eligible), and you can opt to increase your cover at any time.
How do I join Kogan Super?
You can join online in less than 20 minutes. You'll need to supply:
Your personal details, including your name, address, date of birth and contact information
Your Tax File Number (you do not have to give your super fund your TFN but if your fund doesn't have your TFN it won't be able to accept certain types of contributions from you and your benefit payments may be taxed at a higher rate than would otherwise apply)
Details of your employer, so you can receive the super guarantee into your new fund
Once you've completed the application you will immediately receive your member number. A confirmation email will also be sent to you, and your membership application will be processed once you make the first contribution into your account. You can change your investment option at any time by logging into your account online.
DISCLAIMER: This article may contain general advice. You should consider your own personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long term investment and past performance is not indicative of future performance.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
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