AustralianSuper: A Flexible Approach to Superannuation

Grow your savings with easy investment options so you're ready for retirement.

AustralianSuper manage over $100 billion in member funds, and 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. In line with government regulations AustralianSuper is an authorised provider of MySuper products.

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.

A closer look at AustralianSuper

AustralianSuper offer an industry super fund as well as retirement accounts and accounts for transitioning to retirement. The AustralianSuper MySuper fund conforms to government MySuper product guidelines which make it easier to compare superannuation products and ensure you’re covered with the required level of insurance.

You can take advantage of these products as you shift from making contributions to your superannuation fund to drawing a pension in retirement. When you join AustralianSuper, you can opt in to the balanced investment option or make your own choices on how to invest. Depending on what you opt for, there may be varying investment fees.

What’s internet banking like for AustralianSuper?

You can manage your AustralianSuper superannuation investment from the comfort of home using AustralianSuper’s online account management facility. Manage your investment options and insurance policies, review transaction records and more 24/7.

What super funds are offered by AustralianSuper?

AustralianSuper MySuper

If you’re working full time or part time or are self employed, you can join AustralianSuper with 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, the opt-in AustralianSuper balanced investment option or AustralianSuper’s Direct Investment Option which gives you complete control over where your money is invested. MySuper is the main superannuation product on offer, but AustralianSuper also has industry funds for members who work in the following areas:

  • Horse racing
  • Aviation
  • Financial services
  • Food services
  • Public sector
  • Steel industry
  • Personal plan (self employed)

What are the features of AustralianSuper MySuper?

  • Insurance. You’re automatically covered by AustralianSuper’s generic Death and Total & Permanent Disablement policies when you join. If you join on the Personal Plan or the Jockeys plan you will need to apply for cover, available for members up to the age of 70.
  • Fund performance. The AustralianSuper MySuper balanced option has returned 9.55% p.a. since outset.
  • Fees. An investment fee applies based on your choice of investment option. Fees may also apply for 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 if you're still working once you reach the preservation age. 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 nominate a beneficiary to receive these funds in the event you pass away.

How do I apply for an AustralianSuper super fund?

Apply online. It takes less than 15 minutes, although you will need to meet the following eligibility requirements to join AustralianSuper.

  • 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, and a Choice Income account if you've reached your preservation age and are still working. Ideally you may want a superannuation fund that couples strong investment returns with low fees, and comes with cover options to protect you and your family.

It is important that users check all the terms and conditions carefully before enrolling in any fund. The information mentioned in this article covers key features. However, terms and conditions for enrolment may vary according to your age and benefits.

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