Spaceship Super | Performance, features and fees

Spaceship Super offers two investment portfolios that both have a strong focus on technology companies.

Spaceship Super is a technology-focused superannuation fund designed to help young Australians save for a secure financial future. When you hold a super account with Spaceship, your balance is invested in a diversified portfolio of Australian and international shares with an emphasis on the technology sector. This investment strategy is backed by simple administration and a transparent fee structure.

Spaceship was established in December 2016 and is issued by Tidswell Financial Services, an approved trustee regulated by the Australian Prudential Regulation Authority (APRA). It now has more than $250 million in funds under management.

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Alison Banney

Last Updated Feb 16, 2021

23.41%

Past performance - 1 year

N/A

Past performance - 5 Years

$536

Annual fees on $50k balance

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Details

Details

Product Name	Spaceship GrowthX
Past performance - 5 Years	N/A
Annual admin fee	$78 + 0.723% of balance p.a.
Insurance included	No automatic cover

Performance figures quoted on this page are correct to June 2021, according to Spaceship Super. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

Alison Banney

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Alison Banney is the banking and investments editor at Finder. She has written about finance for over 8 years, with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business. She has previously worked at Westpac, and has written for several other major banks including BCU, Greater Bank and Gateway Credit Union. Alison has a Bachelor of Communications from Newcastle University, with a double major in Journalism and Public Relations. She has ASIC RG146 compliance certificates for Financial Advice, Securities and Managed Investments and Superannuation. Outside of Finder, you’ll likely find her somewhere near the ocean.

What are the key features of Spaceship Super?

Spaceship offers the following features and benefits to its members:

A focus on technology. Spaceship’s tagline is “invest where the world is going, not where it’s been”. This reflects the fund’s preference for investing in technology stocks rather than in other asset classes.
Long-term investment strategy. Spaceship’s investment options, GrowthX and Global Index, are both high risk and are designed to suit the needs of customers with a long-term investment timeframe of ten years or more.
Online application and rollover. You can sign up for a Spaceship account online and easily roll over your existing super balance into your new account.
Designed for 20 to 40-year-olds. Spaceship is targeted at Australians in the 20–40 years demographic, and all investment decisions are designed to suit the financial objectives of people in this age range.
App-based fund. Spaceship offers a modern app where you can keep up to date with your super, make contributions and track performance.

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What investment options does Spaceship Super offer?

Spaceship offers two investment options to help you build towards your financial goals for retirement. Check out the tables below for a full run-down of the features of Spaceship’s GrowthX and Global Index investment options.

	Spaceship GrowthX (this is the default option)
Risk level	High risk (level 6)
Suitable for	Investors who are willing to accept a higher level of risk to achieve increased returns over the longer term. This investment option focuses on technology companies in Australia and globally.
Past 5-year performance	N/A. Spaceship was established in December 2016
Past 1-year performance*	23.41%
Minimum suggested investment timeframe	10 years
Target asset allocation	Australian shares: 25% (asset allocation range: 19-32%) International shares: 62% (asset allocation range: 50-75%) Australian listed property: 6% (asset allocation range: 0–10%) Australian fixed interest: 5% (0–10%) Cash: 2% (0–5%)

*Performance figure is for the year ending 31 December 2019.

	Spaceship Global Index
Risk level	High risk (level 6)
Suitable for	Investors who are willing to accept a higher level of risk and who want access to international stocks. This investment option invests more heavily in international companies, compared to the GrowthX option.
Past 5-year performance	N/A. Spaceship was established in December 2016
Minimum suggested investment timeframe	10 years
Target asset allocation	Australian shares: 10% (asset allocation range:5–20%) International shares: 80% (asset allocation range: 55–90%) Australian listed property: 3% (asset allocation range: 0–60%) Cash: 2% (0–5%) Australian fixed interest: 5% (3–8%)

What are the fees?

Before choosing any super fund, it’s important to be aware of the fees and charges that will apply to your account. The following fees apply to Spaceship's super products:

GrowthX

Admin fee: $78 plus 0.723% of your balance
Investment fee (including indirect cost ratio): (deducted from the assets before unit prices are calculated)
Calculated annual fee on $50,000 in the GrowthX fund: $536

What insurance is offered with Spaceship Super?

Spaceship does not offer any insurance to members. Make sure you’re aware of the risks associated with investing your super in a fund that does not provide insurance before deciding whether Spaceship is right for you. In addition, remember to consider the insurance benefits you will lose if you roll over super from another fund into your Spaceship account.

How do I join Spaceship Super?

If you’ve compared a range of options and you’d like to apply for a superannuation account with Spaceship, click the green ‘Go to Site’ button on this page. You’ll be taken to the Spaceship website where you can access the PDS and also complete an online application.

You’ll need to provide:

Personal details. You must supply your name, address, date of birth and contact information.
Tax File Number (TFN). While supplying your TFN is not compulsory, doing so ensures that your contributions and benefits will be taxed at the lowest possible rate.
Previous super fund details. If transferring to Spaceship from another super fund, you’ll need to provide details of your current fund.

Along with your completed application form, you’ll also need to submit an authority to facilitate a payment into your new Spaceship account.

You’ll be sent a Welcome Pack confirming Spaceship’s receipt of your application, as well as your entitlements as a member of Spaceship. You can then start making contributions and building a bigger super balance to fund your retirement.

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.

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Spaceship Super | Performance, features and fees