Who can join?

You’ll initially join UniSuper as a Defined Benefit Division (DBD) member, you can transfer to Accumulation 2 within the first 12 months of your DBD membership.

About your account

Your super is held in an account in your name.

Your account is made up of contributions made by you or on your behalf, any investment returns (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 your super has been invested.

Contributions

An overview of the different types of contributions:

Employer contributions

Either 14% or 17% of your salary are made to your account.

Standard member contributions

In addition to employer contributions as an Accumulation 2 member you are encouraged to make standard member contributions at the rate of 7% of your after-tax salary.

This amount can be reduced under UniSuper’s contribution flexibility arrangements however, there may be me implications for your membership and super benefit.

For more information see the following fact sheets:

• Contribution flexibility for members receiving 17% employer contributions
• Contribution flexibility for members receiving 14% employer contributions

For detailed information on the different types of contributions and what it means for your membership please refer to the Super for Defined Benefit Division and Accumulation 2 members product disclosure statement.

Investment choice

You can choose how your Accumulation 2 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.

Inbuilt benefits and optional insurance cover

Inbuilt benefits

Death and Disablement benefits are an inbuilt feature of Accumulation 2 membership. You cannot opt out of these benefits. Benefits are payable for temporary incapacity, disablement, terminal medical condition and death. They are provided by (self-insured) by the Fund, not by an external insurance provider.

Optional insurance cover

Subject to eligibility, optional insurance cover is also available.

For more information on inbuilt benefits and optional insurance cover please refer to the Super for Defined Benefit Division and Accumulation 2 members product disclosure statement.

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 Accumulation 2 fees and costs section of the website.

More information

Download a copy of the Super for Defined Benefit Division and Accumulation 2 members product disclosure statement (PDS).