You'll automatically be invested in the MySuper option when you join TelstraSuper. This is a lifestage option that invests according to your age. After joining the fund, you can switch to another investment option at any time.
The information in this 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. In limited instances, data for a small number of products is provided directly by the individual super fund.
*Past performance data and fee data is for the period ending July 2024
TelstraSuper offers 3 types of investment options for you to choose from: Lifestage (MySuper), pre-mixed or single-sector options. If you don't want to choose an option, your super will be invested in the MySuper lifestage investment option.
TelstraSuper Pre-mixed options are diversified portfolios that invest in a mix of different asset classes including shares, property, fixed interest and cash. They're designed for investors who only want a minimal amount of hands-on involvement with their super.
| Pre-mixed investment options | Risk level | Asset allocation |
|---|---|---|
| MySuper (Lifestage) This is the default option. With this option, you'll be invested in the Growth option while you're under 45, the Balanced option while you're 45-65 and the Conservative option when you're 65 and older. |
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| Growth This option has the highest allocation towards growth assets of all the pre-mixed options, and is designed for higher growth over the long term. It targets around 83% allocation to growth assets including local and international shares and private markets. |
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| Balanced This option has a slightly lower target allocation to growth assets than the Growth option, with around 69% allocation to growth assets. |
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| Diversified Income This option is designed to offer a more even mix of both growth and defensive assets, with the aim of providing less volatility in returns than the Balanced option along with more reliable |
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| Defensive Growth This option has a similar risk level and target asset allocation to the Diversified Income option. It's designed to have less risk of negative returns in the short term compared to the Balanced and Growth option, while still offering more long-term growth than the Conservative option. |
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| Conservative This option has the lowest risk level of all the ready-made options, with around 69% target allocation to defensive assets including cash and bonds. It's designed for investors with a shorter investment timeframe (e.g. if you're closer to retirement) or those with a low risk tolerance. |
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*Asset allocation between growth and defensive assets correct as of September 2022, but may shift slightly within the asset allocation guidelines for the option from time to time.
These single-sector options are single asset class portfolios. You decide how much you want to invest in each of the options listed below.
As part of being a member of TelstraSuper, you can access the following types of insurance cover through your super:
You can join TelstraSuper via the website where you can complete an online application. You'll need to provide:
If you'd like to roll over any super you have with another super fund into your new TelstraSuper fund you can fill out your account details after joining, and TelstraSuper will bring your existing super over for you.
Once you've completed the application you'll receive your member number straight away and will be able to login to your online account immediately. You can also notify your employer right away. Your account and any insurance you have chosen will also become active once this first contribution has been received.
DISCLAIMER: This article may contain general advice. You should consider your own personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long term investment and past performance is not indicative of future performance.
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