Direct Investment option

Direct Investment option

Go your own way with direct investing

The Direct Investment option (DIO) lets you tailor your portfolio by combining your choice of a range of shares, ETFs, listed investment companies and term deposits with other CareSuper options.

Invest in your choice of:
Securities that form part of the S&P/ASX 300 Index

To buy and sell listed securities in Direct Investment Online, simply search for the company name or ASX code of the security you want to trade.

 

Minimum investment timeframe

7 to 10 years.

 

Risk level

Very high. This risk level is based on the Standard Risk Measure

Exchange-traded funds (ETFs)
ETF nameASX code
BetaShares Australian Dividend Harvester FundHVST
BetaShares Australian Equities Strong Bear Hedge FundBBOZ
BetaShares Australian High Interest Cash ETFAAA
BetaShares Australian Sustainability Leaders ETFFAIR
BetaShares FTSE RAFI Australia 200 ETFQOZ
BetaShares Global Sustainability Leaders ETFETHI
BetaShares Gold Bullion ETF – Currency HedgedQAU
BetaShares NASDAQ 100 ETFNDQ
ETFS Physical GoldGOLD
iShares Asia 50 ETFIAA
iShares China Large Cap ETFIZZ
iShares Core Composite Bond ETFIAF
iShares Core S&P/ASX 200 ETFIOZ
iShares Europe ETFIEU
iShares Global 100 ETFIOO
iShares Government Inflation ETFILB
iShares MSCI EAFE (Europe, Australasia and Far East) ETFIVE
iShares MSCI Emerging Markets ETFIEM
iShares MSCI Japan ETFIJP
iShares S&P 500 ETFIVV
iShares S&P/ASX 20 ETFILC
iShares S&P Small Cap ETFIJR
SPDR Dow Jones Global Real EstateDJRE
SPDR MSCI Australia Select High Dividend Yield FundSYI
SPDR S&P/ASX 200 Financials EX A-REITs FundOZF
SPDR S&P/ASX 200 FundSTW
SPDR S&P/ASX 200 Listed Property FundSLF
SPDR S&P/ASX 200 Resources FundOZR
SPDR S&P/ASX 50SFY
SPDR S&P/ASX Small Ordinaries FundSSO
SPDR S&P Global DividendWDIV
VanEck FTSE Global Infrastructure (Hedged)IFRA
VanEck Vectors Australian Equal Weight ETFMVW
Vanguard Australian Fixed Interest Index ETFVAF
Vanguard Australian Government Bond IndexVGB
Vanguard Australian Property Securities Index ETFVAP
Vanguard Australian Shares High Yield ETFVHY
Vanguard Australian Shares Index ETFVAS
Vanguard FTSE All-World Ex-US ETFVEU
Vanguard FTSE Emerging Markets SharesVGE
Vanguard International Credit Securities Index HedgedVCF
Vanguard International Fixed Interest Index HedgedVIF
Vanguard MSCI Australian Small Companies IndexVSO
Vanguard MSCI Index International Shares ETFVGS
Vanguard MSCI Index International Shares HedgedVGAD
Vanguard US Total Market Shares Index ETFVTS

 

Minimum investment timeframe

7 to 10 years.

 

Risk level

Very high. This risk level is based on the Standard Risk Measure

Listed investment companies (LICs)
Listed Investment CompanyAsset classASX code
Australian Foundation Investment Company LtdAustralian sharesAFI
Future Generation Global Investment Company LtdInternational sharesFGG
Future Generation Investment Company LtdAustralian sharesFGX
MFF Capital Investments LtdInternational sharesMFF
Mirrabooka Investments LtdAustralian shares (small caps)MIR
Platinum Capital LtdInternational sharesPMC
WAM Capital LtdAustralian sharesWAM

 

Minimum investment timeframe

7 to 10 years.

 

Risk level

Very high. This risk level is based on the Standard Risk Measure

Term Deposits
ProviderInterest rate^
 1 month3 months6 months12 months
ANZ-4.274.904.97
Bank of Queensland0.652.154.804.70
Macquarie Bank*----
ME*----
NAB*----

^Interest rates current for the week to 17 May 2024. These rates are subject to change – please log into Direct Investment through your MemberOnline account to view the latest rates. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments.
*Macquarie Bank, ME & NAB have reached their capital limits and will not be taking new funds for now.

 

Minimum investment timeframe

1 year or less.

 

Risk level

Very low. This risk level is based on the Standard Risk Measure

Eligible DIO investors

You can invest in the DIO if you:

  • Are a super member or full pension member
  • Have at least $10,000 in your CareSuper account
  • Keep at least $3,000 invested in your other CareSuper investment options
  • Keep a minimum balance of $500 in your cash account.

Investing in the DIO comes with some additional rules and conditions. So, make sure you read the Investment Guide or Pension Guide PDS and Target Market Determination before investing in the DIO.

How to register for the DIO

Easy – simply log in to your CareSuper account and select the ‘My investments’ button to navigate to the Investments page.

Select the ‘Edit’ tab next to ‘Current investments’, then under ‘Investment options available’ select the ‘Allocate $’ option.

Allocate a dollar amount (minimum $500) to the Direct Investment option and click ‘Submit’. You will receive a receipt confirming your registration.  

Once you’ve registered, the next time you log in to your account you’ll see a separate table for DIO on your investments page, with a link to the DIO trading platform.

Benefits of an SMSF, without the hassle

Our DIO offers you many of the features of a self-managed super fund (SMSF), but without the high set-up costs, admin fees and endless paperwork.

Switching from an SMSF to our DIO

If you’re running a self-managed super fund and want to wind it down, we can offer you discount rates through our partners who can assist you to wind up your SMSF, set up your DIO and more.

FAQs
How is my super taxed in the DIO?

The DIO works a bit differently to our Managed and Asset Class investment optionsThe returns credited to these options are net of any tax, meaning an allowance for tax has already been made.

With the DIO, each trade will incur either a capital gain or loss that could result in a tax liability. To find out how tax is applied to the DIO, you’ll need to read the Investment Guide.

How is my CareSuper pension taxed in the DIO?

Since investment returns for your CareSuper pension are tax-free, no tax applies to any investments you hold in the DIO. So you won’t incur a tax liability or credit for any tax on earnings, interest or any other income, capital gains or losses, and foreign tax offsets won’t apply. You will receive the benefit of franking credits. Please read the CareSuper Pension Guide PDS for more information.

Can I transfer my DIO investments from a super account to a pension account?

Yes, you can directly transfer your existing DIO investments from your CareSuper account when you start a CareSuper pension. So, there’s no need to sell your DIO investments and buy them again.

To transfer your DIO investments, you’ll need to complete the application form in the Pension Guide PDS. We’ll process your transfer as part of your new account set-up.

(Keep in mind, you can’t have more than 80% of your pension investments in the DIO. Read the Pension Guide PDS for all terms and conditions.)