RateCity.com.au
powering smart financial decisions
Sunsuper

Sunsuper for Life - Super-savings Account

Balanced

Go to site
No. of members: 1352479
Fund size: $90.3b
Public offer:
Product type: Industry-Public Offer
Target market: All Industries
Year started: 1987
announcement

RateCity Says: A balanced super fund intended to help you manage your super from your first day of work to retirement. Plus, you may be eligible for a Retirement Bonus of up to $4800.

Awards

Winner of SuperRatings Platinum 2021 MyChoice Super, 15 Yr Platinum Performance 2006-2021, Momentum Finalist 2021, MyChoice Super of the Year 2021

Past 5-year return
9.96

% p.a

Admin fee

$78

Calc fees on 50k

$558

SuperRatings awards
SuperRatings Platinum 2021 MyChoice Super15 Yr Platinum Performance 2006-2021Momentum Finalist 2021MyChoice Super of the Year 2021
Go to site
Past 5-year return
9.96

% p.a

Admin fee

$78

Calc fees on 50k

$558

SuperRatings awards
SuperRatings Platinum 2021 MyChoice Super15 Yr Platinum Performance 2006-2021Momentum Finalist 2021MyChoice Super of the Year 2021
Go to site
Go to site

Quick superannuation review

For Sunsuper for Life - Super-savings Account

These are the benefits of this superannuation.

  • Low administration fees with strong long-term investment performance
  • A wide range of investment options
  • Dream Rewards member incentive program
  • Innovative website design and mobile app

Sunsuper is a Queensland based industry fund providing superannuation services to employees across all industries. The fund was the winner of the 2021 MyChoice Super of the Year Award and was also nominated as a finalist of the 2021 MySuper of the Year and the 2021 Momentum awards. Sunsuper for Life is designed to provide a whole of life solution, with streamlined processes and communications helping members manage their superannuation from the beginning of their working life through their retirement.Members have access to an investment menu comprising 18 Diversified and Single Sector options, including both actively managed and index investment strategies. The Balanced option underperformed the SuperRatings Index over the year to 30 June 2020; however, outperformed over the longer term. Fees are higher than the industry average across all assessed account balances, with the asset administration fee charged on account balances up to $800,000 only. Members are able to switch investment options at no cost. A full suite of insurance cover is offered, with Death and Total & Permanent Disablement (TPD) insurance cover automatically provided to eligible members upon joining the fund. Members can apply for unlimited Death cover and up to $3 million of TPD cover through Tailored Death and TPD cover. Opt In Income Protection (IP) provides eligible new members with a benefit payment period of 2 years following a 90-day waiting period, covering up to 85% of salary, while 5 year or to age 65 benefit periods with 30, 60- or 180-day waiting periods can also be accessed through the Tailored IP cover. Additional benefits available include access to advice services, high quality educational material, interactive tools and calculators, as well as the ability to view account details and perform transactions online.

Read More

Superannuation overview

For Sunsuper for Life - Super-savings Account

TMD

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$78

Administration fee (%)

0.1%

Switching fee

$0

Investment fee

0.27%

Indirect cost ratio (%)

0.59%

Exit fee

$0

Target Market Determination

Visit Sunsuper to view Target Market Determination.

Go to site

Embed

Fund fees vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Fund past-5-year return vs. Industry average
THIS FUND
INDUSTRY AVERAGE
Investment allocation
INTERNATIONAL SHARES
AUSTRALIAN SHARES
PROPERTY
ALTERNATIVES
FIXED INTEREST
CASH
OTHER
Investment option performance
BALANCED
HIGH GROWTH
CONSERVATIVE BALANCE
DIVERSIFIED FIXED INTEREST
GROWTH
AUSTRALIAN SHARES
INTERNATIONAL SHARES
CAPITAL STABLE
CASH
+ View additional option performance information