Step 1. What to consider when choosing a super fund

Your choice in super fund shouldn’t be rushed into. Even seemingly small factors can make a large impact on your future. When looking at a super fund, consider the following points:

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Type of super fund

There are different types of super funds in Australia, such as industry and retail funds. Each offers their own products, investment options, and features. Your investment returns and retirement outcomes may vary based on the type of fund, product, and investment strategy you choose. 
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Performance

The investment performance of a super fund directly impacts how your super account grows over time. Make sure you choose a super fund that aligns with your retirement strategy.
 
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Fees and costs

The fees and costs charged by a super fund can make a large impact to your super balance over the long term. When selecting a super fund familiarise yourself with the breakdown of the fees and costs you will be charged.
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Insurance cover

Most super funds offer insurance cover, including Death, Total and Permanent Disablement (TPD) and Income Protection cover as a part of their products.

Always review your super fund of choice to see what insurance options they may offer to their members. 

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Investment options

Super funds invest your funds in a variety of ways. Depending on the account type and investment strategy you may be able to select your investment options, or they may be preselected for you. 

It's important for you to know how your money is being invested, and how it can grow over time. 
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Tools and advice

Beyond the products they offer, you may want your super fund of choice to deliver outstanding financial advice, as well as accurate and easy to use tools

From general financial advice, through to providing you with the correct forms and documents, a fund’s financial advisers may be crucial to you getting the most out of your super. 

Step 2. Steps to choose the right super fund

When considering a switch to a new super fund, it’s important to compare your options. Take some time to evaluate different funds based on fees, performance and insurance. Once you have made a decision to join a new fund, inform your employer about your choice.
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Compare super funds

Making the right choice in selecting a super fund can greatly impact the outcome of your retirement. 

See how we compare with others in the industry by visiting our “Compare super funds” page, and you can also use the Your Super comparison tool on the ATO website
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Join the fund

UniSuper is committed to delivering optimal retirement outcomes to our members. With competitive fees and award-winning# financial advice it's easy to see why over 640,000* Australians have made us their fund of choice.

It’s easy to join UniSuper. Simply follow the link below and start your journey to a better tomorrow in less than 10 minutes. 

Tell your employer

To help prevent any of your super contributions getting lost, make sure your employer knows you’re changing super funds. This will ensure there is minimal interruption to your employer paying super contributions into your new fund. 
  • Things you need to know

    #Awards are only one factor to consider when choosing a superannuation fund.

    *As at 30 June 2024

    The information is of a general nature and doesn’t consider your personal circumstances. Before making decisions, you should consider whether the information is appropriate for your circumstances, otherwise seek financial advice.

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