VicSuper Scheme
VicSuper Scheme is a low-cost benefit plan that allows you to make a range of different contributions and choose from a range of investment options to help you save for your retirement while you're working.
VicSuper Scheme is designed for your employer to pay compulsory superannuation guarantee (SG) contributions into an account on your behalf and also allows you to add to these contributions yourself through a variety of other contribution options.
Additional information about VicSuper Scheme can be found in the VicSuper Member Guide.
At a glance
Type of benefit plan | Employer-sponsored accumulation |
Who can join? | Employees of VicSuper Scheme participating employers. If you are an existing VicSuper Scheme member and you are changing employers, you can continue to have your super paid to your existing VicSuper Scheme account, even if your new employer is not a participating employer. |
Fee structure | VicSuper provides a range of benefits and services for a low fee structure. There are no fees charged on entry or exit, to make contributions, to roll over or withdraw funds, or to change investment options. For more information on VicSuper's fee structure and other costs affecting your super see Fee structure. |
Investment options | Choose one or a mix of investment options from VicSuper's range of investment options. When you become a member of VicSuper Scheme your account is automatically invested in the Growth Option (VicSuper's default option). You can subsequently change to another investment option or mix of options. |
Changing investment options | You can change your investment option/s on any business day (unless you have a pending change request). Daily unit prices apply. See Choosing my investment options for details.
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Contribution options | Concessional contributions
Non-concessional contributions
Rollover (including contribution splitting)
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Partial withdrawals | Available at any time from the unrestricted non-preserved component of your benefit excluding funds invested in the Term Deposit Option (minimum withdrawal of $1,000 or the balance of your unrestricted non-preserved amount if less than $1,000). The unit prices applicable to your withdrawal will be determined by the date your payment is processed by VicSuper |
Insurance | For employed VicSuper Scheme members, the following types of insurance cover are available through your VicSuper Fund membership:
Death and TPD cover cease at age 70. Income protection cover ceases at age 65. |
Death benefit nominations | You can choose what happens to your superannuation benefit by making a death benefit nomination. |
How do I join?
You automatically become a member of VicSuper Scheme when your employer registers you with VicSuper.
Ask your employer if they are a participating employer with VicSuper. If they are not, they can visit the Employers section of our website or call VicSuper on 1300 366 216 to find out how to become one.
Most employers in Australia can become a participating employer of VicSuper Fund. There are no fees for your employer to become a participating employer.
More information
For more information on VicSuper Scheme, please refer to the VicSuper Member Guide or VicSuper Scheme Product Disclosure Statement, which you can download from our Publications page.
Alternatively, you can complete our online request form or call our Member Centre on 1300 366 216 to request a copy to be sent to you free of charge.
