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

Listed investment companies (LICs)
Listed Investment Company Asset class ASX code
Australian Foundation Investment Company Ltd Australian shares AFI
Future Generation Global Investment Company Ltd International shares FGG
Future Generation Investment Company Ltd Australian shares FGX
MFF Capital Investments Ltd International shares MFF
Mirrabooka Investments Ltd Australian shares (small caps) MIR
Platinum Capital Ltd International shares PMC
WAM Capital Ltd Australian shares WAM

 

Minimum investment timeframe

7 to 10 years.

 

Risk level

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

Term Deposits
Provider Interest rate^
  1 month 3 months 6 months 12 months
ANZ 0.00 0.00 0.05 0.10
Macquarie Bank 0.00 0.70 1.00 1.80
ME 0.10 0.75 1.20 1.80
NAB 0.00 0.65 1.10 1.70

^Interest rates current for the week to 22 April 2022. 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.

 

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.)