RateCity Says: VicSuper's default investment option allocates the majority of your super towards growth assets. This could appeal to Australians with some time to go before retirement, or who have some tolerance for higher investment risk.

Winner of SuperRatings Platinum 2021 MySuper, 7 Yr Platinum Performance 2014-2021, Momentum Award 2021, Smooth Ride Finalist 2021, Infinity Recognised 2021

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Quick superannuation review
For VicSuper Growth (MySuper)
These are the benefits of this superannuation.
- Daily unit pricing & investment switching
- Diversified MySuper Growth investment option
- Responsible investments
- No commissions. Advice to members usually at no extra cost
Established in 1994 to administer the superannuation of Victorian Government employees, VicSuper is now a division of Aware Super. In July 2020, VicSuper merged into Aware Super and together they are one of Australia’s largest super funds, managing more than $120 billion in savings for more than 1 million members. The fund was the winner of the 2021 Momentum award and was also nominated as a finalist of the 2021 Smooth Ride awards. The MySuper offering comprises a single diversified investment option, the Growth (MySuper) option. The Growth (MySuper) option outperformed the relevant SuperRatings Index over each time period assessed to 30 June 2020. Choice members have access to an additional 7 Diversified and Single Sector options, as well as Term Deposits. Fees are lower than the industry average across all assessed account balances, with the asset-based administration fee capped at $750 pa. The fund does not charge an investment switching fee or a buy-sell spread. VicSuper provides members with a full suite of insurance cover, with eligible members automatically provided with six units of Death and TPD cover and six units of Income Protection cover with a 90-day waiting period and benefit payment period of 2 years. Members can apply for unlimited Death cover and up to $5 million of TPD cover. Income Protection (IP) is available up to 85% of salary and with a choice of 30, 60- or 90-day waiting periods and benefit payment periods of 2 years, 5 years or to age 65. Additional benefits available include access to seminars, financial advice services, high quality educational programs, interactive tools and calculators, including Beeline, as well as the ability to view account details and perform transactions online.
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Superannuation overview
For VicSuper Growth (MySuper)
- Features
- Insurance Cover
- Fees
Features
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 $52 | Administration fee (%) 0.15% |
Switching fee $0 | Investment fee 0.73% |
Indirect cost ratio (%) | Exit fee $0 |
Target Market Determination
Visit VicSuper to view Target Market Determination.