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N/A
Past performance - 5 Years
$581.80
Calculated fees p.a. on $50,000 balance
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Product Name | Suncorp Lifestage Fund |
---|---|
Past performance - 5 Years | N/A |
Annual admin fee | $91.80 + 0.76% of balance p.a. |
Insurance included | Death,TPD |
Number of members | 24,000 |
Performance figures quoted on this page are correct to June 2020, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Suncorp Everyday Super is a simple, lifetime superannuation account that is MySuper compliant. Designed for every stage of your life, Suncorp will automatically change your investment strategy as you get older. It simplifies the process of making personal super contributions with the Suncorp Bank mobile app, and you can get on top of your super with Suncorp’s DIY tools and calculators.
Suncorp Everyday Super offers two investment categories depending on how hands-on you want to be with your super. The Suncorp Lifestage category is a low-cost, simple strategy which leaves the complicated investment and management choices to Suncorp. If you want greater control of your super and to choose your own portfolio, Suncorp enables you to do that too.
These investment levels are detailed below
A Suncorp Everyday Super account comes with a number of fees and other costs which you should consider. Standard fees relating to administration and the management of your investments will be deducted from your account on an ongoing basis, while other fees such as financial advice and insurance may be deducted (depending on your choices).
Here's an example of the annual fees applied on the Lifestage fund. It’s important to note that fees may vary between each investment option.
Fee type | Fee amount |
Admin fee | $91.80 plus 0.76% of balance |
Indirect cost ratio (including investment fees) | 0.21% |
Annual cost on $50,000 balance | $581.80 |
Suncorp charges no exit fees, no fees for switching investment options and no fees for basic advice on members' Lifestage Fund.
For a more detailed breakdown of fees and additional charges read the PDS available on the website.
Suncorp Everyday Super offers you tailored insurance cover based on your lifestage via Suncorp Life. The amount of cover you receive is determined by your age, and will automatically adjust over time. Suncorp will also provide you with more cover when you’re likely to have higher debt such as a mortgage and children.
Once you sign up you will automatically receive*:
Insurance premiums will be deducted from your super account, and you can increase (up to $850,000) or decrease your insurance through your online account. Note that insurance is applied on an opt-out basis, meaning that you will automatically be placed into cover and have premiums deducted from your account balance. You can cancel your insurance cover at any time online.
*Note: There may be exclusions and/or restrictions which apply to your insurance cover. Check the Insurance Guide available via the Suncorp Everyday Super website.
If you’ve decided to select this fund you can open an account online in less than 15 minutes. You must be an Australian resident to apply for an account.
Make sure you have: