UniSuper

UniSuper | Performance, features and fees

UniSuper is an industry super fund and one of Australia's largest super funds with more than 450,000 members. It offers a range of low-cost, high-performing investment options.

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UniSuper performance and fees

When joining the fund you'll be placed in the Balanced option initially, however you can switch to another investment option at any time.

Name Product Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)

UniSuper Balanced

UniSuper Balanced
+17.6%
+9.23%
+9.55%
+9.55%
$326
UniSuper is an industry super fund and one of Australia's largest super funds with more than 450,000 members. Its Balanced option invests in a mix of different asset classes and has achieved consistently high returns for members.

UniSuper Conservative

UniSuper Conservative
+4.68%
+4.19%
+4.05%
+5.78%
$291

UniSuper Conservative Balanced

UniSuper Conservative Balanced
+7.45%
+5.27%
+5.3%
+7.15%
$306

UniSuper Sustainable Balanced

UniSuper Sustainable Balanced
+17.08%
+10.94%
+10.23%
+9.57%
$291

UniSuper Growth

UniSuper Growth
+23.48%
+10.73%
+11.47%
+10.65%
$396

UniSuper High Growth

UniSuper High Growth
+27.95%
+12.3%
+13.48%
+11.77%
$406

UniSuper Sustainable High Growth

UniSuper Sustainable High Growth
+24.57%
+13.94%
+13.17%
+11.71%
$326
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The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

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.
  • Originally designed for those working in higher education. UniSuper was originally designed for Australians working in the higher education and research sector, however it is now open to everyone to join.
  • MySuper product. 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 levelTarget asset allocation
Conservative

This option has the lowest level of investment risk 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.

Medium
  • Growth: 70%
  • Defensive: 30%
Conservative Balanced

This option has an even balance between growth and defensive assets. 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
  • Growth: 50%
  • Defensive: 50%
Balanced

This is the default investment option and is designed to suit the majority of members. It has around two thirds of your balance invested in growth assets like Australian and international shares and property.

High
  • Growth: 70%
  • Defensive: 30%
Sustainable Balanced

This option has the same high level of exposure to shares as the Balanced option, however the investments are selected on the basis of sustainable investment criteria.

High
  • Growth: 70%
  • Defensive: 30%
Growth

This option provides more allocation to growth assets than the Balanced option, and may suit members looking for a bit more exposure to shares. It's designed for members with a longer investment timeframe of at least 10 years.

High
  • Growth: 85%
  • Defensive: 15%
High Growth

This option invests entirely in growth assets, with almost 90% 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.

High
  • Growth: 100%
Sustainable High Growth

This option has the same high level of exposure to shares as the High Growth option, however the investments are selected on the basis of sustainable investment criteria.

High
  • Growth: 100%

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

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 can join online by completing the application form on UniSuper'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.

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2 Responses

    Default Gravatar
    JohnAugust 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
      ArnoldAugust 16, 2017

      Hi John,

      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 through the UniSuper website.

      To know more about how contributions are calculated, please check out UniSuper’s contribution planner on their website.

      Please check out the calculators and tools of Unisuper to learn more.

      Hope this information helped.

      Cheers,
      Arnold

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