Type of benefit plan

Public offer, accumulation (similar to a personal superannuation account).

Who can join?

Any person eligible to make or receive one or more of the types of contributions (see below) accepted into VicSuper Beneficiary Account.

Please refer to the VicSuper Beneficiary Account Product Disclosure Statement for details on eligibility.

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 options from VicSuper's range of investment options. If you do not make a choice when you join, your account will be invested in the Growth Option, VicSuper's default option.

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.

Contribution options

Concessional contributions

• Superannuation guarantee (SG) contributions including SG contributions paid to the ATO
• Salary sacrifice contributions
• Additional employer contributions (non-SG) above any SG
• Superannuation Holding Accounts (SHA) Special Account
• Self-employed and other personal tax-deductible contributions

Non-concessional contributions

• Personal contributions
• Eligible spouse contributions
• Government co-contributions

Rollover (including contribution splitting)

• Amounts rolled over from another complying superannuation fund or from another VicSuper Fund account

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.

For VicSuper Beneficiary Account members, the following types of insurance cover are available through your VicSuper Fund membership:

• Death only cover
• Death & total and permanent disability (TPD) cover
• Income protection cover (you must be an Australian resident and working at least 10 hours per week to be eligible).

Death and TPD cover cease at age 70. Income protection cover ceases at age 65.

You can choose what happens to your superannuation benefit by making a death benefit nomination.