UniSuper is authorised to offer ‘MySuper’. MySuper is a Government-driven initiative for members’ default superannuation contributions. It is designed to protect members by ensuring certain rules are met in relation to investment strategy, fees and insurance cover. Since 1 January 2014, only funds authorised to offer MySuper can accept compulsory default super contributions (superannuation guarantee) from employers.

Accumulation 1, Accumulation 2 and Personal Account members who don't make an investment choice when joining us will automatically be invested in our default investment option, which is the Balanced (MySuper) option. Defined Benefit Division (DBD) and Pension members aren't able to become part of MySuper.

Visit our MySuper dashboard to view details of MySuper, including investment returns, return target and other data.

What is MySuper?

MySuper is a simple, low cost super solution. Super funds offering MySuper must provide:

  • a single, diversified investment strategy (meaning you don’t have to worry about choosing how to invest your super)
  • fees applied in a prescribed manner, mostly limited to cost recovery, and
  • basic Death and Total & Permanent Disablement (TPD) insurance cover

Frequently asked questions

What Investment option or product am I in?

To find out what investment option or product you're in, simply check your last benefit statement, log in to your account, or call us on 1800 331 685.

Does MySuper affect my ability to select an investment option?

No. Investment choice is available if you'd like to select another investment option.

What do I need to do to be part of MySuper?

To be part of MySuper you'll need to have all or some of your accumulation account invested in the Balanced option. You can make an investment switch in your online account. You can also switch by completing the Investment choice form and returning it to us. Before you make a change to your investment strategy, consider whether it suits your personal circumstances.

We recommend you seek advice before making a decision about your investments.

Do I need 100% of my account invested in the Balanced option to be part of MySuper?

No. You can invest as little or as much as you like. 

All Accumulation 1, Accumulation 2 and Personal Account members with any investment in the Balanced option are automatically part of MySuper.

Am I able to opt out of MySuper but stay in the balanced option?

No. All Accumulation 1, Accumulation 2 and Personal Account members with an investment in the Balanced option will be part of MySuper.

Can DBD or Pension members join MySuper?

No. MySuper legislation only applies to members in Accumulation 1, Accumulation 2 and Personal Account members.

Can I opt out of the insurance cover that is provided under MySuper?

When you join UniSuper, and/or invest in the Balanced option, you'll generally have automatic Death and Total & Permanent (TPD) insurance or Death only insurance cover through the external group life policy the Trustee holds with TAL Life Limited. You can opt out of this automatic insurance cover through your online account or by using the Changing your insurance cover form (PDF, 94KB).