members
Accumulation 1
Accumulation 1 at a glance
Who can join? |
Your employer will determine if you are eligible for Accumulation 1 membership. Accumulation 1 is generally for employees receiving 9% superannuation contribution from their participating UniSuper employer. |
About your account |
Your super is held in an account in your name. Your account is made up of the contributions made to that account, as well as any investment returns (which could be positive or negative), less fees and costs, optional insurance premiums (if applicable) and taxes. Your final benefit will depend on how your investment options have performed over the time that your super has been invested. |
Contributions |
Your employer must generally contribute 9% of your ordinary time earnings to super (this is the amount that employers are required to contribute under Superannuation Guarantee legislation), provided you earn a minimum of $450 a month. You can also make voluntary member contributions as regular contributions from your salary, or one-off lump sum member contributions. |
Investment choice |
You can choose how your Accumulation 1 account is invested and UniSuper provides a range of investment options you can choose from. You can also change your investment choice. However, if you do so you may incur an investment switching fee. When deciding how to invest your super, it’s important to choose investments that you feel comfortable with and which are best suited to your investment needs. For important information on how the investment options work download and read the Investing for the future booklet. |
Optional Insurance cover |
Subject to eligibility, Accumulation 1 members automatically receive and start to pay for one unit of Death and Disablement or Death-only insurance cover. Accumulation 1 members may also be eligible for optional Income Protection insurance cover. For more details about optional insurance cover, such as eligibility and cost of cover, download and read the Optional insurance cover for members booklet. |
Fees and costs |
Members benefit from the savings we achieve as one of the largest super funds in the country – savings we pass onto you through competitive fees. The fees and cost applicable to your Accumulation account are set out in the Fees and costs section of the website. |
More information |
Download a copy of the Super for Accumulation 1 members product disclosure statement (PDS). |
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