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EISS Superannuation | Super fund review

EISS Super is an authorised MySuper product which gives you freedom to manage your investments if you'd like my control.

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EISS Super performance and fees

When joining the fund you'll be placed in the Conservative Balanced option initially which is the default MySuper option, however you can switch to another investment option at any time.

Must Read: Important information

EISS Super has merged with Cbus Super.

Key features

  • Low fees
  • Choice of five managed investment options
  • Take control of your super through the Direct Investment Option
  • Automatic death and TPD insurance
  • Access to financial advice
  • Member benefits program
  • MySuper authorised

Investment options

EISS Super offers 5 different managed fund options to choose between.

ProductRisk level Asset allocation

This option invests 100% of your balance in cash, and is designed to protect your balance when you're already retired.

LowCash: 100%

This option invests at least 50% of your balance in defensive assets, and at least 30% in growth assets.

Low to medium
  • Growth: 40%
  • Defensive: 60%
Conservative Balanced

This option invests at least 50% of your balance in growth assets, and at least 30% in defensive assets. It's designed to achieve a bit more growth than the Conservative option.

  • Growth: 60%
  • Defensive: 40%
Balanced (MySuper)

This option invests at least 65% of your balance in growth assets, and at least 15% in defensive assets. It's the default option you'll be placed in unless your choose otherwise, and is designed to suit the needs of most members.

Medium to high
  • Growth: 65%
  • Defensive: 15%
High Growth

This option is designed for members looking for more growth and with a longer investment timeline.

  • Growth: 85%
  • Defensive: 15%

What insurance cover does EISS Super offer?

EISS Super offers three different insurance options; default cover, life event cover, or voluntary additional cover.

Default cover

EISS Super’s default insurance cover automatically includes death and total and permanent disability cover, which covers you for death, total and permanent disablement or terminal illness.

Death CoverProvides you with a lump sum in the event of death or if you have a terminal illness with less than 12 months to live.
TPD CoverProvides a lump sum if you become totally and permanently disabled.

The level of default cover you’ll receive is based on your age next birthday and the amount ranges from $332,000 (at age 40) and $8,000 (at age 70).

To be eligible to receive cover you must be:

  • An Australian resident
  • Between 15 and 70 years of age

The cost of default cover will range between $6.04 per month to $11.30 per month dependent on your age, and there is no need to complete medical checks.

If you’d like to apply for additional insurance cover you may do so without the need to provide any health information up to 120 days after joining.

Insurance offered through EISS Super is provided by TAL Life Limited.

Life Event Cover

Life Event Cover is additional insurance cover you can apply for if your circumstances change in a way that affects your household or financial situation, such as:

  • Birth or adoption of a child
  • Marriage or commencement of a de facto relationship
  • Divorce or termination of a de facto relationship
  • Taking out or increasing a mortgage

Voluntary Cover

You may also apply for voluntary insurance cover which is either in addition to or instead of the default cover. You may apply for:

  • Lump sum death-only cover
  • Lump sum death and TPD cover
  • Salary continuance insurance, which provides you with a regular income should you become temporarily disabled or incapacitated

The cost of voluntary cover is dependent on your age, sex, occupation and health status.

Note: there may be exclusions and/or restrictions which apply to your insurance cover. Check the “Insurance in your super document” available via the EISS Super website.

Pros and Cons


  • MySuper authorised
  • Low fees
  • High levels of control via the Direct Investment Option


  • No mobile app available
  • EISS will consider environmental, social and governance factors in their investments but the product does not have an ethical investment commitment

How do I apply?

EISS was originally a super fund exclusively available to the energy industry in NSW, but in 2013 it became a public offer super fund so anyone can apply.

If you’ve decided to select this fund you can apply online by clicking the green "Go to Site" button at the top of this page.

Make sure you have with you:

  • Your personal details, including your name, address, date of birth and contact information
  • Your Tax File Number (it's unnecessary to give your super fund your TFN, but without it your fund won’t be able to accept certain types of contributions from you and your benefit payments may be taxed at a higher rate than would otherwise apply)
  • Your employer’s details

Consolidating your super

If you’ve changed jobs or moved industries it’s likely that you’ll have multiple super accounts and be paying fees on all these accounts.

You can find and consolidate all of your super into EISS Super via the website. Login to MemberAccess, click on “Consolidate Super” and follow the prompts.

Managing your account

You can access your super balance, make extra contributions into your super and change your investment options online 24/7.

Nominate your beneficiaries

Once you sign up for an account you’ll be asked to nominate your beneficiaries. The person/s nominated will receive your super and any insured death benefit if something happens to you.

You can nominate one or more dependents.

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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