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Prime Super: Performance and fees
Prime Super is a profit-for-members super fund originally designed for rural communities, and now open to everyone. It offers 11 different investment options.
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Prime Super performance and fees
When joining the fund you'll be placed in the MySuper option initially which is the default option, however you can switch to another investment option at any time.
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The information in the table is based on data provided by Zenith CW Pty Ltd, ABN 20 639 121 403 (Chant West) unless indicated otherwise.
*Past performance data is for period ending June 2023 and fee data is updated monthly.
Key features of Prime Super
Profit-for-members fund. Prime Super is a profit-for-members super fund, meaning all profits go back into the fund (instead of the shareholders).
Designed for rural communities. Prime Super was originally designed for employees in rural communities, however it is now open to everyone to join.
Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
MySuper product. The MySuper investment option is the default investment option for all members when joining the fund, unless you choose otherwise.
Pre-mixed investment options. Members can choose between a range of different pre-mixed investment options that each have a different risk level and asset allocation.
Ethical option. One of the pre-mixed investment options, SRI, invests with a socially responsible focus.
Prime Super investment options
Members can choose between 11 different investment options, including pre-mixed, diversified investment options or single sector options. If you don't make an investment choice, you'll be placed in the MySuper option, which is the default investment product designed to suit most members.
Pre-mixed investment options
MySuper (High risk)
Managed Growth (High risk)
Conservative (Low to Medium risk)
Income Focused (Medium risk)
Alternatives (Medium to High risk)
Socially Responsible Investment: SRI (High risk)
Sector investment options
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.
Australian Shares
International Shares
Property
Fixed Interest
Cash
Prime Super default insurance cover
Eligible members will receive the following default insurance cover when joining:
Death: This cover provides a lump sum payment to your nominated beneficiaries in the event of your death.
Total and Permanent Disablement (TPD): This cover provides a lump sum payment to you in the event that you become permanently disabled.
Income Protection: This cover is paid out in the even you can't work and lose your income.
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.
How to join Prime Super
You can join online by completing the application form on Prime 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:
Your full name, date of birth and contact information
Your Australian residential address
Your phone number and email address
Your tax file number (TFN)
Your chosen investment option (if you want to invest in something other than the Balanced option) and insurance cover
Details of your existing super fund if you'd like to consolidate your super
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.
Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds.
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Getting a Self-Managed Super Fund (SMSF) gives you full control of your retirement and the investment of your Superannuation. You may refer to our guide on how to set-up your SMSF and the different types of it so you will know what will suit your needs.
Moreover, you may compare the SMSF account that you may open which has an included insurance. Simply click the ‘Go to site’ button to get in touch with the provider and to submit your application online. Please ensure you review the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps.
Let us know if there is anything else that we may assist you with. Enjoy the rest of your day!
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I am wanting a supper fund how do i go about getting it
Hi Natalie,
Thank you for visiting Finder.
Getting a Self-Managed Super Fund (SMSF) gives you full control of your retirement and the investment of your Superannuation. You may refer to our guide on how to set-up your SMSF and the different types of it so you will know what will suit your needs.
Moreover, you may compare the SMSF account that you may open which has an included insurance. Simply click the ‘Go to site’ button to get in touch with the provider and to submit your application online. Please ensure you review the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you. You can also contact the provider if you have specific questions.
I hope this helps.
Let us know if there is anything else that we may assist you with. Enjoy the rest of your day!
Cheers,
Ash