REST Superannuation | Super Fund Review

REST Super is an industry fund with an authorised MySuper product, competitive fees, automatic insurance and multiple investment options.

REST Super from industry fund REST is a MySuper authorised product that is designed to help you save for your retirement. As a member you can choose from 13 different investment options, including a default option which has a history of good performance. The product automatically comes with death, total and permanent disability and income protection insurance. REST Super allows you to keep track of your super and insurance online or via their mobile app.

Read on to learn more about the ways you can invest.

Key features

  • Low fees
  • 13 investment options
  • Default insurance cover
  • Good investment performance
  • Member benefits program
  • MySuper authorised
  • Education hub
  • Online and mobile services
  • Access to face-to-face advice

Investment options

REST Super offers 13 ways to invest your super depending on your risk tolerance and financial objectives. You can choose one or a combination of different options to create your portfolio. These options are detailed below:

Option 1: Core Strategy

Once you apply to become a REST Super member, the fund will automatically place you in the Core Strategy option. This is the default option that is MySuper compliant. This option will give you a balance between risk and return, with a wide asset allocation range. The strategy is actively managed, meaning that REST will review the asset allocation on an ongoing basis and adjust as appropriate to consider current and expected market conditions.

This option is MySuper compliant and aims to achieve a return of CPI +3% p.a. over ten years.

ProductRisk level 5-year average return*Asset allocation (by target)
Core StrategyMedium to high10.68%Cash securities 8%

Bonds 6%

Defensive alternatives 10%

Growth alternatives 19%

Infrastructure 8%

Property 9%

Australian shares 17%

Overseas shares 23%

Option 2: Structured options

REST’s structured options offer a predetermined mix of asset classes based on investment objects. Unlike the Core Strategy, this option is not actively managed and reviewed annually.

ProductRisk level 5-year average return*Asset allocation
Cash PlusVery low2.67%Cash securities 90%

Defensive alternatives 10%

Capital StableLow to medium6.76%Cash securities 32%

Bonds 16%

Defensive alternatives 14%

Growth alternatives 10%

Infrastructure 4%

Property 5%

Australian shares 8%

Overseas shares 11%

BalancedMedium8.77%Cash securities 20%

Bonds 10%

Defensive alternatives 13%

Growth alternatives 14%

Infrastructure 6%

Property 6%

Australian shares 13%

Overseas shares 18%

DiversifiedMedium to high11.25%Cash securities 7%

Bonds 7%

Defensive alternatives 9%

Growth alternatives 17%

Infrastructure 8%

Property 8%

Australian shares 19%

Overseas shares 25%

High GrowthHigh12.84%Defensive alternatives 7%

Growth alternatives 20%

Infrastructure 8%

Property 9%

Australian shares 24%

Overseas shares 32%

Option 3: Member-tailored options

If you’re feeling more confident, you can take a hands-on approach with your investments via the member-tailored product. This option allows you to create your own portfolio by choosing the percentages you want in one or more investment options. Your money will stay in your chosen investment option(s) until you switch it to another option.

Product5-year average return*Asset allocation (by target)
Basic Cash2.05%Cash securities 100%
Cash2.42%Cash securities 100%
Bonds4.67%Bonds 100%
Property9.04%Property 100%
Shares15.6%Australian shares 40%

Overseas 60%

Australian Shares12.97%Australian shares 100%
Overseas Shares16.19%Overseas shares 100%

*The investment performance and asset allocation was correct as at June 2017. Past performance is not an indicator of future performance.


REST Super charges a number of fees and other costs which will be deducted from your account.

Fees relate to the administration of your account and the management of your investments. Other costs may be charged for additional services including personal financial advice and insurance.

The following is a breakdown of the fees charged for the Core Strategy option.

Type of feeAmount
Investment feeEstimated to be 0.69% p.a.
Administration fee$1.30 per week plus 0.1% p.a. of your account balance at the end of the month
Buy-sell spreadBuy spread: 0.8%
Sell spread: 0%
Exit feeNil for the first withdrawal then $25 per withdrawal after
Other fees and costsPersonal advice fees if you agree to a fee with your adviserInsurance fees if you have insurance cover in REST Super
Indirect cost ratioEstimated to be 0.07% p.a.

Example of annual fees and other costs for REST Super (based on a balance of $50,000)*

Type of fees/ costsAmount
Investment fees$345 (0.69%)
Administration fee$57.20 plus $50
Indirect costs$35 (0.07%)
Total cost of product$487.20

*Fees are based on REST Super's Core Strategy option. Fees vary between investment options. For a more detailed breakdown of fees and charges, always read the PDS available on the website.


REST Super offers a single insurance option which will be automatically applied to your account.

Default cover

REST Super’s default insurance cover automatically includes death, total and permanent disability cover, and long-term income protection.

You will automatically receive default insurance cover when your employer makes your first compulsory super contribution.

REST’s default cover is life-stage based, meaning that cover is lowest when you’re young and automatically increases as you get older.

Your default death, TPD and IP insurance cover and costs will automatically adjust each year on your birthday.

Death CoverProvides a lump sum for your beneficiaries if you pass away
Income Protection CoverProvides financial protection that replaces your income if you’re unable to work due to illness or injury for more than 60 days
TPD CoverProvides a lump sum benefit of $28,600 (for most age groups)

The below table is an example of the default cover, costs and benefits received as of December 2017, as stated on REST’s website. These figures may have changed since this time.

AgeAmount covered Death Amount covered TPDMax. amount covered per month IPTotal cost per week

To be eligible to receive cover you must be:

  • An Australian resident; and
  • Be over 18 years of age

You can increase, reduce or cancel each component of your insurance online or via REST Customer Service.

If you’d like to apply for additional insurance cover you can without the need to provide any health information up to 120 days after joining.

Insurance offered through REST Super is provided by AUA Australia Limited.

Note: there may be exclusions and/or restrictions that apply to your insurance cover – check the ‘REST Super Insurance Guide’ available via the website.

Pros and cons


  • MySuper authorised
  • Low fees
  • Mobile app
  • Good investment returns


  • REST will consider environmental, social and governance factors in their investments but the product does not have an ethical investment commitment

How do I apply?

If you’ve decided to select this fund you can apply online by clicking the green "Go to Site" button at the top of this page.

Make sure you have with you:

  • 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 you don’t 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); and
  • The details of your employer

Consolidating your super

If you’ve changed jobs or moved industries it’s likely that you’ll have multiple super accounts and be paying fees on all these accounts.

You can find and consolidate all of your super into REST Super via the website.

Managing your account

You can access your super balance, make extra contributions into your super and change your investment options online 27/4.

Nominate your beneficiaries

Once you sign up for an account you’ll be asked to nominate your beneficiaries. This person or people will receive your super and any insured death benefit if something happens to you. You can nominate one or more dependents.

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.
Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Ask a question
Go to site