MySuper product dashboard
MySuper is a government initiative providing low-cost and simple super solutions for employers to choose as their default funds.
With basic features and a simple fee structure, it lets you easily compare various funds based on cost, investment performance and insurance.
CareSuper offers the Balanced (MySuper) option, designed to provide strong, long-term net benefits to members.
Use this dashboard to learn about the returns, risks and fees related to the Balanced (MySuper) option. It lets you easily compare it to others in the market and make informed decisions about your super.
as at 30 June 2023
Return target
To achieve returns after tax and fees that exceed the inflation rate (as measured by the CPI) by 4.1% per year, over the ten year period from 30 June 2023 to 30 June 2033.
Investment risk level
Medium to high risk. A negative return is expected in 4 out of every 20 years.
Statement of fees and other costs
The annual fees and costs of CareSuper’s Balanced (MySuper) option for a member with a $50,000 balance are $553 per year. This amount includes administration fees and costs, investment fees and costs, and transaction costs.
Actual 1-year return
| Year | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return % | 12.51 | 10.43 | 4.12 | 11.37 | 9.77 | 6.55 | -0.11 | 17.17 | -2.00% | 8.73% |
This figure represents the performance of CareSuper’s Balanced option over the past 10 years. This return is calculated after investment and administration fees, costs and taxes. Returns are net of investment and administration fees and tax and have been calculated using an account balance of $50,000. These returns, which are calculated specifically for this MySuper dashboard, may vary from the investment returns for CareSuper’s Balanced option available elsewhere where returns are shown net of investment costs and taxes.
This figure is an estimate of the expected 10-year return of CareSuper’s Balanced option in excess of inflation (as measured by the CPI). The return target is based on a 50% probability of achieving the target and differs to the Balanced option’s investment objective [as disclosed in the Member Guide PDS and elsewhere on this website], as CareSuper has set the objectives for the MySuper option at a level where the probability of achieving them exceeds 50%.
Find out more about the risk level associated with CareSuper’s investment options.
This figure represents the annual performance of CareSuper’s Balanced option as at 30 June for each particular year. Returns are net of investment and administration fees and tax and have been calculated using an account balance of $50,000. These returns, which are calculated specifically for MySuper dashboard, may vary from the investment returns for CareSuper’s Balanced option available elsewhere where returns are shown net of investment costs and taxes.
CareSuper’s average return over the past 10 years, calculated to 30 June in a particular financial year. Returns are net of investment and administration fees and tax and have been calculated using an account balance of $50,000. These returns, which are calculated specifically for this MySuper dashboard, may vary from the Investment returns for CareSuper’s Balanced option available elsewhere.
The Balanced option’s average return target over the past 10 years calculated to 30 June in a particular financial year. The return target is net of investment and administration fees and tax and have been calculated using an account balance of $50,000.
