FAQ Super

Q: What is UniSuper? A: UniSuper is an Australian not-for-profit superannuation fund that provides services to employees of the higher education and research sectors, though it has been open to all Australians since 2021. The fund is known for its strong long-term performance, competitive fees, and a wide range of investment options.

Q: How do I join UniSuper or consolidate my super into UniSuper? A: You can join UniSuper by providing your details to your new employer or by opening a Personal Account directly. If you have other super accounts, you can consolidate them into UniSuper. The easiest way to do this is by logging into your online UniSuper account and using their "Combine your super" tool. You can also do it through your myGov account linked to the ATO.

Q: What are UniSuper's investment options? A: UniSuper offers a diverse range of investment options to suit different goals and risk profiles. These include:

• Pre-mixed options: Ready-made portfolios like Balanced, Growth, and Conservative that are diversified across various asset classes.

• Sector-specific options: These allow you to build your own portfolio by investing in a single asset class or theme, such as Australian Shares, International Shares, or Property.

Q: Does UniSuper offer insurance? A: Yes, UniSuper typically includes insurance cover for death, total and permanent disablement (TPD), and income protection. This cover may be provided automatically when you join, but it's important to check your specific level of cover and ensure it meets your needs. You have the flexibility to increase, decrease, or cancel your cover at any time.

Q: What fees does UniSuper charge? A: UniSuper's fees are designed to be competitive. They include:

• Administration fees: A fee to cover the cost of running the fund, which is deducted from your account balance.

• Investment fees and costs: These are indirect costs that cover the management of your investments and are deducted from investment returns.

• Insurance fees: If you have insurance, premiums are deducted from your super account. UniSuper does not charge entry or exit fees.

Q: What happens to my super when I change jobs? A: When you change jobs, you can choose to keep your UniSuper account. Since UniSuper is open to all Australians, you can take your account with you, even if you change industries. This is a good way to avoid having multiple super accounts and paying extra fees. You simply need to provide your new employer with your UniSuper details.