When joining the fund you'll be placed in the legalsuper MySuper Balanced option initially which is the default option, however you can switch to another investment option at any time.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.
*Past performance data and fee data is for the period ending Apr 2024
Members can choose between these 7 pre-mixed, diversified investment options depending on the level of risk you want to take on. If you don't make an investment choice, you'll be placed in the MySuper Balanced option, which is the default MySuper investment product designed to suit most members.
| Investment option | Risk level | Target asset allocation |
|---|---|---|
| Conservative This option has the lowest level of investment risk and invests largely in fixed interest and cash. It's designed for members looking to protect their balance, with some growth over the medium term. | Low to Medium |
|
| Conservative Balanced This option has a more even balance between growth and defensive assets compared to the Conservative option. It's designed for members who aren't comfortable taking on too much risk and who wish to avoid market fluctuations in the short term, while still gaining some level of capital growth. | Medium |
|
| Balanced Indexed This option has a similar risk level and asset allocation to the MySuper Balanced option, with about two thirds of your balance invested in growth assets. It has a bit lower allocation to growth assets. However, this option seeks to invest in low-cost indexed investments (so it's lower cost than active managed options). | High |
|
| MySuper Balanced This is the default investment option designed to suit most members. It's where you'll be invested if you don't make an investment preference. It has a focus on growth over the medium to long term, with around 25% allocation to defensive assets to reduce the risk of large market fluctuations. | Medium to High |
|
| Balanced Socially Responsible This option has the same allocation to growth and defensive assets as the default MySuper option and therefore the same risk level. However, this option considers investments that focus on managing sustainability and environmental, social, and governance (ESG) risks. | High |
|
| Growth This option provides more allocation to growth assets than the previous options, and may suit members looking for more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years, or members with a higher risk tolerance. | High |
|
| High Growth This option invests almost entirely in growth assets, with more than 95% of your balance invested in Australian and international shares, property and infrastructure. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth. | High |
|
If you want more control over super, you can put together your own investment mix using one or more of the following individual sector options.
Eligible members will receive the following default insurance cover when joining:
You'll get a default, basic level of cover for the above insurances, however you can apply to increase your level of cover at any time if you think it's the right choice for you. You can also opt out of all insurance cover all together.
You can join online by completing the application form on legalsuper's website. The application form should take you around 10-20 minutes to complete, and you'll need to provide the following bits of information:
Once your application has been completed successfully, you'll receive your membership details by email. You can then give these to your employer so they can start paying your superannuation guarantee payments into your new fund.
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