How AustralianSuper can grow your super balance and be comfortable in retirement.
AustralianSuper manage almost 1 trillion in member funds. More than 2 million Australians trust AustralianSuper to grow their retirement nest egg.
As an industry super fund, AustralianSuper couples low fees and solid returns on your investment. AustralianSuper is authorized to provide MySuper products in accordance with government regulations.
AustralianSuper also offer a transition to retirement account and a pension account if you’ve already reached your preservation age. If you’re in the market for a new superannuation fund, have a read about AustralianSuper and their accounts first.
- Selecting Super - AAA rating for AustralianSuper superannuation and pension products - 2016
- Conexus Financial Superannuation Awards - Superannuation fund of the year - 2015.
- Canstar - Outstanding Value Account based Pensions - 2015.
A closer look at AustralianSuper
AustralianSuper offer an industry super fund as well as transition to retirement and retirement accounts. The AustralianSuper MySuper fund conforms to government MySuper product guidelines. These guidelines ensure you’re covered by a minimum level of insurance and make it easy to compare like superannuation products. AustralianSuper provide these products to use as you transition from making contributions to your superannuation fund to drawing a pension in retirement. When you join AustralianSuper, you can choose how your money is invested or opt-in to the balanced investment option. Investment fees can vary depending on your choice of investment.
What’s internet banking like for AustralianSuper?
You can manage your AustralianSuper superannuation investment from the comfort of our home using AustralianSuper’s online account management facility. Manage your investment options, review transaction records, manage your insurance cover and more 24/7.Back to top
What super funds are offered by AustralianSuper?
If you’re employed full time, part time or self employed, you can join AustralianSuper. AustralianSuper offer a MySuper superannuation account. MySuper is an Australian government initiative designed to make superannuation products easy to compare for Australians. You can choose from different investment options including pre-mixed, a DIY mix or AustralianSuper’s Direct Investment Option, which gives you complete control over where you’re money is invested. Alternatively, you can opt-in to the AustralianSuper balanced investment option. The MySuper account is the main superannuation product offered by AustralianSuper; however, if you’re a member of the following industries, you can take out AustralianSuper’s fund tailored to your specific industry.
- Horse racing
- Financial services
- Food services
- Public sector
- Steel industry
- Personal plan (self employed).
What are the features of AustralianSuper MySuper
Other features of the MySuper fund are as follows:
- Insurance. You’re automatically covered by AustralianSuper’s generic Death and Total & Permanent Disablement policies when you join AustralianSuper. If you join the Personal Plan or the Jockeys plan you will need to apply for cover. Cover is available for members up to the age of 70.
- Fund performance. The AustralianSuper MySuper balanced option has returned 9.64% p.a. since outset.
- Fees. An investment fee applies. This fee is variable based on your choice of investment option. You may also pay a fee if you seek financial advice from AustralianSuper.
What pension accounts are offered by AustralianSuper?
AustralianSuper offer the following pension accounts:
- Transition to retirement account
The AustralianSuper Transition to Retirement Account is designed to pay part of your superannuation pension as a benefit once you reach the preservation age and you’re still working. You get a superannuation account and a transition to retirement account when you become an AustralianSuper member. A transition to retirement account gives you taxation benefits when you salary sacrifice your income to your superannuation fund.
- Choice Income Account
If you’ve reached your preservation age, the AustralianSuper Retirement Income Account can pay you a pension from your superannuation fund while you’re still working. Minimum pension limits are stipulated by the government. You can even nominate a beneficiary in the event you pass away.Back to top
How do I apply for a AustralianSuper super fund?
You can apply to become a member of AustralianSuper on the internet. You need to meet the following eligibility requirements if you want to join AustralianSuper. An online application takes less than 15 minutes to complete.
- You’re an Australian resident
- You’re employed full time, part time or self employed.
As well as your personal and contact information, you’ll also need to provide your Tax File Number (TFN) and your employer’s details.
Am I eligible for an AustralianSuper pension?
You can apply for an AustralianSuper aged pension if you’ve reached your preservation age. If you’re still working and you’ve reached your preservation age, you apply for a Choice Income account. Choose a superannuation fund that couples strong investment returns, low fees and cover options to protect you and your family. Ask us a question if you have any questions about this superannuation fund or their products.