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UniSuper | Performance, features and fees

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A low-cost super fund for Australians working in the higher education and research sector

UniSuper Balanced is a low-cost MySuper option for Australians working in the university, higher education or research industry as well as relatives of those working in the industry.

18.43%

Past performance - 1 year

9.06%

Past performance - 5 Years

$371

Calculated fees p.a. on $50,000 balance

Details

Product NameUniSuper Balanced
Past performance - 5 Years9.06%
Annual admin fee$96 p.a.
Insurance includedDeath, TPD, Income Protection
Number of members442,000

Key features of UniSuper

  • High-performing fund. UniSuper has been among the top performing Growth super funds in recent years. Although past performance isn't a reliable indicator of future performance.
  • Low fees. The Balanced option has lower annual fees in comparison to many other balanced super options in the market.
  • Designed for those working in higher education. UniSuper is designed for Australians working in the higher education and research sector,as well as relatives of those working in the sector.
  • MySuper product is available. The UniSuper Balanced investment option is an approved, low-cost, no-frills MySuper option for members.
  • Seven pre-mixed investment options. Members can choose between seven different pre-mixed investment options that each have a different risk level and asset allocation.

UniSuper pre-mixed investment options

Members can choose between seven 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 options, which is UniSuper's default MySuper investment product.

Investment optionRisk level5-year performance* Asset allocation
ConservativeMedium5.2% p.a.Australian Shares: 0%-35.75%
International Shares: 0%-29.25%
Property: 0%-25%
Infrastructure & Private Equity: 0%-20%
Cash & Fixed Interest: 50%-90%
Conservative BalancedMedium to High6.8% p.a.Australian Shares: 5%-45%
International Shares: 0%-37.5%
Property: 0%-27.5%
Infrastructure & Private Equity: 0%-20%
Cash & Fixed Interest: 30%-70%
BalancedHigh8.9% p.a.Australian Shares: 18%-58%
International Shares: 2%-42%
Property: 0%-25%
Infrastructure & Private Equity: 0%-25%
Cash & Fixed Interest: 10%-50%
Sustainable BalancedHigh8.9% p.a.Australian Shares: 25.5%-65.5%
International Shares: 4.5%-44.5%
Property:0%-20%
Infrastructure & Private Equity: 0%-20%
Cash & Fixed Interest: 10%-50%
GrowthHigh11.4% p.a.Australian Shares: 26.5%-66.5%
International Shares: 8.5%-48.5%
Property:0%-25%
Infrastructure & Private Equity: 0%-25%
Cash & Fixed Interest: 0%-35%
High GrowthHigh12.6% p.a.Australian Shares: 36.25%-76.25%:
International Shares: 13.75%-53.75%
Property: 0%-25%
Infrastructure & Private Equity: 0%-25%
Cash & Fixed Interest: 0%-20%
Sustainable High GrowthHigh12.8% p.a.Australian Shares: 45%-85%
International Shares: 15%-55%
Property: 0%-20%
Infrastructure & Private Equity: 0%-20%
Cash & Fixed Interest: 0%-20%

*Past performance figures in this table are as of 31 December 2019. Past performance isn't a reliable indicator of future performance.

Sector investment options

If you want to be a bit more hands on with your super, you can create your own investment mix by selecting from one or more of the following individual sector options.

Note that these sector options are designed to be mixed together to form a diversified portfolio, rather than invest your whole balance in one individual sector.

  • Australian bond
  • Australian Equity Income
  • Australian Shares
  • Cash
  • Global Companies in Asia
  • Global Environmental Opportunities
  • International Shares
  • Listed Property
  • Diversified Credit Income

What fees does UniSuper charge?

The following fees are charged on the UniSuper Balanced investment option, which is the default MySuper option.

  • Annual admin fee: $96 per year, or 2% of account balance per year (whichever is less).
  • Investment fee including indirect cost ratio: 0.55% of balance
  • Annual fees for a $50,000 balance: $371

UniSuper 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.

You'll get a default 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.

You can also apply for Income Protection cover at an additional cost to you, which would provide regular payments if you hurt yourself and are unable to work for a period of time.

How to join UniSuper

You must meet one of the following eligibility criteria to be able to join UniSuper:

  • You work in the higher education or research sector
  • You're related to an existing UniSuper member
  • You've been a UniSuper member in the past
  • You're working in an honorary or affiliate role with an Australian university

If you meet one of the above eligibility criteria, you can join online by completing the application form on UniSuper's website. The application form should take you around 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 Comments

  1. Default Gravatar
    John
    August 16, 2017

    Can you please advise:

    1) how the new rules from the 1st July apply to the defined benefit fund and the 13% contribution combined with the 3% member contribution applies to a salary of $160,000 = $25,600 (if the member salary sacrifice their 3% this is all concessional; contributions.

    2) how does UniSuper calculate the nominal contribution ?

    • Default Gravatar
      Arnold
      August 16, 2017

      Hi,

      Thanks for your inquiry.

      The new super rules represent the most significant changes for our members in several years and also impact UniSuper’s systems and processes.

      Given the extent and significance of these changes, UniSuper has formed a Federal Budget Changes project, which will deliver the system and process changes required for compliance with the new legislation. It will also provide change support and training for impacted teams.

      Read more about these changes.

      To know more about how contributions are calculated please check out UniSuper’sContribution planner.

      Please check out this page for other calculators and tools.

      Hope this information helped.

      Cheers,
      Arnold

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