Mine Super
Mine Super is an industry super fund for members in the mining industry. It's default investment option is a MySuper lifecycle option that invests in line with your age.
![Mine Super Mine Super](https://www.finder.com.au/niche-builder/600fae9da55cd.png)
When joining the fund you'll be placed in the High Growth option initially if you're under 50, however you can switch to another investment option at any time.
Mine Super Int'l Shares took the third spot among single asset classes funds, with an annual fee of $182 on a $50,000 balance. The fund has provided an annual return of 11.18% over the past 10 years and 10.04% over the past 5 years.
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 four 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 High Growth option while you're under 50, which is the default MySuper investment product.
Investment option | Risk level | Target asset allocation |
---|---|---|
Stable 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. | Medium |
|
Conservative Balanced This option has a more even balance between growth and defensive assets compared to the Stable 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 to 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. | High |
|
High Growth This option invests entirely in growth assets, with almost 90% of your balance invested in Australian and international shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. This is where your super will automatically be invested while you're under 50 (unless you choose otherwise). | 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 Mine Super'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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2 questions the first how did mine and wellbeing super preform against other super funds 2016/17 ? The second how does family trusts work ?
Hello BWF,
Thank you for your inquiry.
We have a comparison page for superannuation funds in Australia. Please take note that the sites listed may measure the funds in a different manner from each other. Some of them may compute returns prior fees while others would be returns after fees. Also, relative definitions may be used such as top-rated funds (which means in some that they have returns of not less than 10%).
It would still be recommended to talk with your employer to check your super funds’ options or to a qualified financial adviser who will take into consideration your goals and risk appetite.
Hope this helps.
Cheers,
Jonathan