In November 2024, CareSuper and Spirit Super merged and announced that Spirit Super would continue to operate under the CareSuper name.
Based on Spirit Super super fund scores in Finder's 2024 & 2025 Customer Satisfaction Awards.
Members can choose between these 5 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 Balanced (MySuper) option.
| 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, with very low exposure to shares. It's designed for members looking to protect their balance, with some growth over the medium term. | Low to Medium |
|
| Moderate This option has a more even balance between growth and defensive assets compared to the Conservative option. It still has low exposure to shares. | Medium |
|
| Balanced (MySuper) 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 20-30% allocation to defensive assets to reduce the risk of large market fluctuations. | Medium to High |
|
| Sustainable This option has the same allocation to growth and defensive assets as the default MySuper option, with a similar level of exposure to shares. However, this option applies a range of ethical screens to investments. | 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, or members with a higher risk tolerance. | 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 offered by Spirit Super.
Eligible members can receive the following default insurance cover when joining:
You'll get a default, basic level of cover for the above insurances that's based on your age and occupation. If you're in a high-risk industry, your insurance cover will be at a higher cost. You can also opt out of all insurance cover all together at any time.
You can join online by completing the application form on Spirit 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.
Australian women are set to inherit the majority of the $5 trillion wealth transfer taking place over the next decade. This guide helps women over 45 understand how to manage, protect and grow their inheritance to create financial freedom and a lasting legacy.
Compare pension funds and create a flexible, tax-effective income stream in retirement.
The average super balance is $154,350. Compare your super balance against the average balance for your age group to see if yours is on track.
Here’s a current list of the worst-performing super funds in Australia and steps for how to switch to a better fund.
Explore essential components of retirement planning for a secure future. Dive into the intricacies of retirement planning, covering vital elements such as investment strategies, savings goals, and risk management. Gain valuable insights to chart your path towards a secure and fulfilling retirement.
We've analysed Australian super funds to find the best-performing super funds, the best industry super funds and the best super fund for low fees. Find the right super fund for you.
If you want to make sure your super balance is invested in companies that reflect your values and beliefs, check out this guide to ethical investing.
ING Living Super offers easy online access and a choice of flexible investment options to suit your life stage and retirement goals.
Self-employed super contributions are a great way to boost your retirement savings, but there are some rules. See rules for contributions and compare super funds if you're self employed.
When you start your first job you'll need to open a bank account, a super fund and understand what your tax obligations are.
i want to early release superannuation
Hi Fernando,
Thanks for your comment.
There are actually certain limited circumstances as to when you’re able to access your super early. As a general rule, you can only access it if you reach your preservation age (between 55 and 60 years, depending on your date of birth) and meet a condition of release. You’ll learn more about this from the link above. If you need direct advice, you can also contact your super regarding this.
Cheers,
May