What is MySuper?
A simple super solution
MySuper is a Government initiative to provide low-cost and simple super products for employers to choose as their default fund. MySuper options have basic features and fee structures, allowing members to compare funds easily based on cost, investment performance and insurance.
CareSuper has been authorised to provide a MySuper product. Our MySuper investment option – our Balanced (default) option – has a proven track record, and is designed to provide a strong, long-term net benefit to members.
As a MySuper member, your super is automatically invested in CareSuper’s Balanced option, which has a history of high long-term performance compared to other funds.*
Visit our dashboard page to learn more about the returns and other key features of our Balanced (MySuper) option.
*SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76 Index), June 2016. This survey includes options for industry funds and master trusts.
Want more investment choice?
CareSuper has many other investment options, whether you want more security or are willing to take a bit more risk. You can even invest some of your super in your choice of shares on the S&P/ASX 300 Index – or a range of ETFs and term deposits – through the Direct Investment option. Please note that there may be some costs associated with switching investment options and CareSuper’s legal obligations regarding how our MySuper (Balanced) option is managed are different from our obligations for our other investment options. For more information, check our Product Disclosure Statement.
Insurance with your MySuper account
The cover you need, deducted from your super account
MySuper members automatically receive a level of death and total & permanent disablement (TPD) insurance. Because your cover is through your super, it is tax-effective and provided at low group rates. And because it’s taken from your super, you won’t feel it in your take-home pay.
That’s making insurance easy.
What if you need different cover?
Everyone is unique, so we all have our own insurance needs. With CareSuper you can apply for extra death and TPD insurance or add income protection online. Or you can opt out altogether if your insurance needs are met elsewhere.
And new members can apply for extra insurance or add income protection by answering a few health questions (conditions apply).
Enjoy extra benefits
Getting more for your membership
As a CareSuper member, you will have access to a range of valuable extra benefits: