
Get exclusive money-saving offers and guides
Straight to your inbox
Virgin Money Super offers two different ways to invest your retirement savings depending on how involved you want to be with your super, including a MySuper approved product. Automatic death and total and permanent disability (TPD) insurance cover is included when you join and you can also tailor your insurance cover to provide added protection.
3.59%
Past performance - 1 year
N/A
Past performance - 5 Years
$358
Annual fees on $50k balance
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!
Product Name | Virgin Money Super - Lifestage Tracker |
---|---|
Past performance - 5 Years | N/A |
Annual admin fee | $58 + 0.39% of balance p.a. |
Insurance included | Death,TPD |
Number of members | 18,000 |
Performance figures quoted on this page are correct to December 2020, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Virgin Money Super offers two different ways to invest: Lifestage Tracker and Virgin Choice. The Lifestage Tracker is the default option and invests your super in line with your age on your behalf. Virgin Money Super Choice Investment Options allows you to choose one or a mixture of asset-based portfolios.
Note that if you fail to select which option you'd like to go with you'll be invested in the Lifestage Tracker, which is Virgin Money Super's authorised MySuper product.
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 cover at any time if you don't think you need it.
If you want a higher level of cover, you can apply for the following cover options through your Virgin Money Super account:
From 1 April 2020, automatic cover will not apply for new members 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).
You'll be charged fees on your account for admin and investment management, plus indirect costs of managing the fund. The below example is the fees you'll pay if you had $50,000 invested in the Lifestage Tracker.
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 10–20 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.