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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.

1 - 7 of 7
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.)

Prime Int'l Shares

Prime Int'l Shares
+20.54%
+15.73%
+11.59%
+13.29%
$563
This is a high-risk investment option that aims to deliver higher returns over the long term.

Prime Property

Prime Property
+8.5%
+5.13%
+10.44%
+12.82%
$783
This is a high-risk investment option that aims to deliver higher returns over the long term.

Prime Conservative

Prime Conservative
+5.88%
+5.34%
+5.19%
+6.06%
$558

Prime Aust Shares

Prime Aust Shares
+19.67%
+16.64%
+12.01%
+12.28%
$728
This is a high-risk investment option that aims to deliver higher returns over the long term.

Prime Managed Growth

Prime Managed Growth
+14.61%
+12.32%
+10.11%
+10.97%
$638
This is a high-risk investment option that aims to deliver higher returns over the long term.

Prime MySuper

Prime MySuper
+12.28%
+10.34%
+8.67%
+9.66%
$633

Prime Fixed Interest

Prime Fixed Interest
+0.26%
+2.44%
+2.84%
+3.79%
$543
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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 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.

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2 Responses

  1. Default Gravatar
    NatalieMarch 8, 2018

    I am wanting a supper fund how do i go about getting it

    • Default Gravatar
      AshMarch 8, 2018

      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

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