CommBank

CommBank Essential Super: Performance, features and fees

CommBank's Lifestage investment option is a MySuper product that invests your super in line with your age. This product is closed to new members, but existing members can still manage your account online.

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CommBank Essential Super is currently closed to new members, so if you don't yet have an account you're unable to join the fund. However, if you're already a member of CommBank Essential Super you can still keep your existing account and manage it online, and you can switch investment options at any time.

CommBank Essential Super options

Name Product Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)

Commonwealth Essential Super - Lifestage

Commonwealth Essential Super - Lifestage
+25.44%
+8.42%
+8.9%
New Fund
$465
Easily access your super account information using the Commonwealth Bank NetBank app and track recent contributions and transactions.

Commonwealth Essential Super - 1945-49 Lifestage

Commonwealth Essential Super - 1945-49 Lifestage
+9.54%
+4.94%
+5.05%
New Fund
$495

Commonwealth Essential Super - 1950-54 Lifestage

Commonwealth Essential Super - 1950-54 Lifestage
+9.74%
+4.87%
+5%
New Fund
$490

Commonwealth Essential Super - 1955-59 Lifestage

Commonwealth Essential Super - 1955-59 Lifestage
+9.58%
+4.88%
+5%
New Fund
$480

Commonwealth Essential Super - 1960-64 Lifestage

Commonwealth Essential Super - 1960-64 Lifestage
+13.84%
+5.93%
+6.65%
New Fund
$475

Commonwealth Essential Super - 1965-69 Lifestage

Commonwealth Essential Super - 1965-69 Lifestage
+21.52%
+7.41%
+7.54%
New Fund
$475

Commonwealth Essential Super - 1975-79 Lifestage

Commonwealth Essential Super - 1975-79 Lifestage
+26.24%
+8.59%
+9.01%
New Fund
$470

Commonwealth Essential Super - 1980-84 Lifestage

Commonwealth Essential Super - 1980-84 Lifestage
+26.97%
+8.63%
+9.04%
New Fund
$465

Commonwealth Essential Super - 1985-89 Lifestage

Commonwealth Essential Super - 1985-89 Lifestage
+26.69%
+8.61%
+9.03%
New Fund
$470

Commonwealth Essential Super - 1990-94 Lifestage

Commonwealth Essential Super - 1990-94 Lifestage
+0.56%
+5.41%
+7%
New Fund
$470

Commonwealth Essential Super - 1995-99 Lifestage

Commonwealth Essential Super - 1995-99 Lifestage
+26.69%
+8.7%
+9.09%
New Fund
$480

Commonwealth Essential Super - 2000-04 Lifestage

Commonwealth Essential Super - 2000-04 Lifestage
+26.12%
+8.66%
New Fund
New Fund
$495
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The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

Key things to know about CommBank Essential Super

  • MySuper product. The default Lifestage option is a registered MySuper product.
  • Lifestage investment option. The Lifestage investment option does all the work for you, investing your balance in a mix of assets appropriate for your age.
  • Four ways to invest. Members can choose from four different ways to invest their super balance.
  • Not accepting new members. This fund isn't accepting new members, only existing members can keep their super unvested with CommBank Essential Super.

CommBank Essential Super investment options

If you didn't make a choice when joining the fund, you would have been placed in the Lifestage option, which is the default MySuper product. This option invests your super in a diversified portfolio that's appropriate for your age and stage of life. The fund managers will adjust your asset allocations each four to five years, so your portfolio moves from higher risk when you're young to more conservative as you approach retirement.

Here's an example:

Investment option Risk level Target asset allocation

Lifestage 1975-79

(This is what you'd be invested in if you were born between 1975 to 1979)

High
  • Cash: 2%
  • Fixed interest: 6%
  • Property, infrastructure and multi-asset: 20%
  • Australian shares: 36%
  • Global shares: 36%

The asset allocation will change slightly depending on what year you were born.

What default insurance cover does CommBank Essential Super offer?

All members will receive default Death and Total and Permanent Disablement (TPD) cover when joining. You can choose to opt out of insurance when joining or any time after joining.

How do I join CommBank Essential Super?

CommBank Essential Super isn't available for any new members to join. Existing members can still switch between the different investment options available and adjust their insurance cover.

If you're looking for a new super fund to join, take a look at our super funds comparison instead to see the available funds.

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2 Responses

    Default Gravatar
    NavneetNovember 1, 2017

    Hi there. Actually I wanna claim my essential super and I just wanna know my essential super fund number. Can u please help me to find out? Thanks.

      Avatarfinder Customer Care
      JhezNovember 1, 2017Staff

      Hi Navneet,

      Thank you for your comment.

      To claim, please contact Commonwealth Bank of Australia for Essential Super or visit the nearest branch.

      Regards,
      Jhezelyn

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