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.
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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|
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.
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.
More guides on Finder
Market falls and recession fears: Time to switch your super to cash?
Switching your super to cash may seem like a smart move, but it could actually leave you worse off in the long term.
5 best ways to invest money in Australia in 2022
What's the best way to invest money in Australia? Find out about robo advisors, index funds, cryptocurrency and more in this guide.
Worst Super Funds
Here’s a current list of the worst-performing super funds in Australia and steps for how to switch to a better fund.
Renting in retirement: What it means for your super
Low housing affordability may mean more people are still renting once they enter retirement.
Kogan Super | Performance, features and fees
Kogan Super offers 5 different investment options that each have low fees and mostly follow an indexed investment approach.
New data reveals top 10 super funds this decade
The top-performing super funds over the past decade had an average annual return of 10.2% for members. Is yours on the list?
Superannuation insurance: 3 hidden costs you must check now
The cost of insurance premiums held within super went up an average of 7.4% last year – but benefits were chopped by 60%. Are you impacted?
Retirement planning in Australia
This guide explains how to devise a superannuation strategy that works for you and how to plan for further income in old age, and gives you tips for pulling it all together.
Super fund shocks: 5 things you might not know about your investment [SPONSORED] Your super could be the biggest investment of your life. But how well do you really know it? And are you missing out on potential profits?
APRA warning: Don’t stick with an underperforming super fund
If you've received a letter from your super fund telling you it has underperformed, don't ignore it - it could cost you thousands.
Ask an Expert