You'll automatically be invested in the Virgin Money Super LifeStage Tracker investment option when you join the fund. The investments slowly shift from growth, or 'higher-risk' assets, to defensive or 'lower-risk' assets based on your age. If you'd prefer to choose a different investment option instead of the LifeStage Tracker, you can choose your own mix from a range of options (below) any time after joining.
Unless indicated otherwise, the information in the 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.
*Past performance data and fee data is for the period ending Apr 2024
Virgin Money Super offers two different ways to invest: LifeStage Tracker or Choice. The Virgin Money Super LifeStage Tracker is the default option and invests your super in line with your age on your behalf. Virgin Money Super Choice investment options allow you to choose one or a mixture of asset-based portfolios.
Note that if you don't select which option you'd like to go with after joining the fund, you'll be invested in the LifeStage Tracker, which is Virgin Money Super's MySuper-authorised product.
Your super will be invested in a pre-mixed, diversified fund with exposure to a range of asset classes including local and international shares, property, fixed interest. The amount of your super that's invested in growth assets (like shares) will be higher while you're young, and automatically gradually reduce as you get older and closer to retirement.
| Investment option | Risk level | Target asset allocation |
|---|---|---|
| Born before 1954 | Medium to high |
|
| Born between 1954–1958 | Medium to high |
|
| Born between 1959–1963 | High |
|
| Born between 1964–1968 | High |
|
| Born between 1969 - 1973 | High |
|
| Born after 1973 | High |
|
If you'd prefer to select your own investment option, you can choose one of the following options instead of the LifeStage Tracker option. The Choice investment options are still managed on your behalf and invest in a mix of different asset classes, but the asset allocation doesn't change according to your age.
You can create your own investment mix by selecting a few of the different Virgin Money Super Choice options and choosing how much of your balance to invest in each one.
| Investment option | Risk level | Target asset allocation |
|---|---|---|
| Indexed Diversified Shares | High | Australian shares: 40–70% International shares: 40–70% Fixed interest and cash: 0–10% |
| Indexed Australian Shares | High | Australian shares: 90–100% Fixed interest and cash: 0–10% |
| Indexed Overseas Shares | High | Global shares: 90–100% Fixed interest and cash: 0–10% |
| Indexed Australian Listed Property | Very High | Indexed Australian listed property: 90–100% Cash: 0–10% |
| Cash | Low | Cash: 100% |
Australian residents aged between 15 and 64 who join Virgin Money Super receive automatic death and TPD insurance. However, you can opt out of insurance coverage at any time.
If you want a higher level of cover, you can apply for the following cover options through your Virgin Money Super account:
For new customers, automatic cover does not apply until you're aged 25 and your account balance has reached $6,000. However, you may be able to elect to have insurance cover before you're 25 and/or your balance has reached $6,000 (eligibility conditions may apply).
If you're ready to join Virgin Money Super, you can join online via the Virgin Money website by clicking "Go to site". The application process is simple and should only take you 5–15 minutes to complete.
To complete the online application form you will need to provide:
If you want to roll over your existing super into your new Virgin Money Super fund you'll also need to have your current super details handy.
You'll be sent the details of your Virgin Money Super account shortly after completing the online application form. If you'd like your employer to make your compulsory super payments into this fund, be sure to give your employer your Virgin Money Super account details.
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