TWUSUPER: Performance, investments and fees
TWUSUPER is an industry super fund for workers of the Australian transport and logistics industries, with 4 pre-mixed investment options to choose between.
Must read
On 21 March 2025, the merger between Mine Super and TWUSUPER was successfully completed to form Team Super.
TWUSUPER performance and fees
When joining the fund you'll be placed in the MySuper Balanced option initially which is the default option, however you can switch to another investment option at any time.
Key features of TWUSUPER
- Designed for those working in the transport sector. TWUSUPER is an industry super fund for workers of the Australian transport and logistics industries. It's open to anyone to join.
- Default insurance options. Eligible members will get default insurance cover when joining the fund with no medical exams.
- MySuper product. The Balanced investment option is the default MySuper investment option for all members when joining the fund, unless you choose otherwise.
- Pre-mixed investment options. Members can choose between a range of 5 different pre-mixed investment options that each have a different risk level and asset allocation.
TWUSUPER pre-mixed investment options
Members can choose between these 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 MySuper Balanced option, which is the default investment product designed to suit most members.
| Investment option | Risk level | Target asset allocation |
|---|---|---|
| TWUSUPER Conservative This option has the lowest level of investment risk of the diversified options 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. | Low to Medium |
|
| TWUSUPER Moderate This option has a more even balance between growth and defensive assets compared to the Conservative 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 |
|
| TWUSUPER 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 25% allocation to defensive assets to reduce the risk of large market fluctuations. | Medium to High |
|
| TWUSUPER High Growth This option invests almost entirely in growth assets, with more than 80% of your balance invested in shares. It's the most high-risk investment option available, and aims to achieve higher returns over the long term. It's designed for members seeking higher long-term growth. | High |
|
How to join TWUSUPER
You can join online by completing the application form on TWUSUPER'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.
Sources
More resources on Finder
Ask a question
4 Responses
More guides on Finder
-
The Super Helpful Retirement Hub
SPONSORED: With MySuper Lifecycle, Aware Super offers an investment approach that automatically adjusts your investment mix to your age over time.
-
Compare pension funds that give you an annual income in retirement
Compare pension funds and create a flexible, tax-effective income stream in retirement.
-
High growth super funds Australia
A high growth super fund invests more of your super into growth assets like shares, aiming for higher returns over the long term.
-
Best Super Funds Australia
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.
-
Spaceship Super | Performance, features and fees
Spaceship superannuation is designed for people in their 20s-40s. If you're working with a longer-term investment timeframe, you like the sound of transparent fees and low admin, and you're keen to invest in the growing technology sector, this could be the super fund for you.
-
Virgin Money Super: Performance, features and fees
With competitive fees, eight investment options and tailored super advice at no extra cost, Virgin Money Super can help you enjoy a comfortable retirement.
-
Ethical super funds in Australia
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: Performance, features and fees
ING Living Super offers easy online access and a choice of flexible investment options to suit your life stage and retirement goals.
-
Superannuation for sole traders and self-employed
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.
-
Best super funds for teenagers
When you start your first job you'll need to open a bank account, a super fund and understand what your tax obligations are.
Hi,
I’m with TWU Super and my wife is with Australian Super. I’m just curious as to how the two compare in terms of performance/fees?
Hi Chris, The answer to that would depend on the investment option/strategy you’ve each chosen as well – that influences fees and performance. Looking at cash options as an example, TWU and Australian Super had similar performance over the last year, but TWU’s indicative fees were higher. (As always, past performance doesn’t guarantee future performance.)
Hi there,
i worked for Allied Express and was with TWUSUPER in 2010 and 2012-2013. sorry i cant remember my account number. could you please tell me if i could and how to transfer my account balance to my super account in NZ? thanks
Best Regards
Lijun Wang
Hi Lijun,
Thank you for your inquiry.
Actually, on closer inspection, so long as you either a New Zealand or Australian permanent resident, you should be able to transfer your balance out of your TWUSUPER fund, under the Trans-Tasman retirement savings portability scheme. TWUSUPER is an APRA-regulated fund, which is one of the stipulations for transferring the balance. You should make sure your super fund in New Zealand is compliant – it needs to be one of the funds regulated under the KiwiSaver scheme. You also needs to have permanently emigrated to New Zealand. There are some other conditions which apply to the transfer. You should contact your super fund for further advice.
I hope this information has helped.
Cheers,
Harold