Accumulation 2

With accumulation-style super, you can choose how your super is invested. Your super balance is influenced by the amount of contributions you make and the performance of the investment markets.

If you're an Accumulation 2 member, your balance is made up of:

  • up to 17% employer contributions
  • any default member and voluntary contributions, rollovers and (positive or negative) investment returns
  • less any fees, costs, charges, insurance premiums, applicable taxes and other deductions.

Becoming an Accumulation 2 member

If you’ve just joined the Defined Benefit Division (DBD), you’ll need to decide within the first two years of your membership whether to stay in the DBD or transfer to Accumulation 2. If you’d like to know more, take some time to read the following information:

As an Accumulation 2 member, you:

See how an Accumulation 2 account rates against other funds' products.

Choosing how your super is invested

As an Accumulation 2 member, you can choose how your whole super balance is invested from our range of investment options. You can learn more about the options we offer by

If you don’t make an investment choice when joining UniSuper, your super will automatically be invested in the Balanced option, our default investment option and our MySuper offering.

Making contributions

As an Accumulation 2 member, you’re likely to be receiving either 14% or 17% super contributions from your employer and possibly making what's known as 'default member contributions' into your super.

Default member contributions

When you become an Accumulation 2 member, you're generally still required to make default member contributions at the rate of 7% (after tax) of your salary, unless you’ve already reduced them while you were a DBD member. If you make default member contributions on a before-tax basis, the rate will be 8.25%. 

You can reduce your default member contributions but this will obviously reduce the amount of super you save.

For more information, read the Default member contributions fact sheet and application form (PDF, 632KB).

Additional voluntary member contributions

You can also make additional voluntary member contributions to your super (depending on your age) including:

  • Regular (before- or after-tax) member contributions, and
  • Once-off member contributions.

You’ll find more about this in the Defined Benefit Division and Accumulation 2 PDS.

When contributing to super, it’s important to be aware of the government limits, or contribution caps, that apply.

Insurance in your super

All eligible Accumulation 2 members may elect to receive Death, TPD and Income Protection insurance cover through the group insurance policies we have with our Insurer. Premiums apply. Unless you choose otherwise, you may also retain the external cover you had while being a DBD member.

For more information, read:

We're here to help

If you have any questions about Accumulation 2, or your membership in general, call us on 1800 331 685 or email us.