VicSuper Beneficiary Account
VicSuper Beneficiary Account is a tax-effective and low-cost way of building your retirement savings. It is open to any individual in Australia who can make or receive one or more of the types of contributions accepted into VicSuper Beneficiary Account.
For additional information on VicSuper Beneficiary Account please see the VicSuper Member Guide.
At a glance
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.
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.
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.
Rollover (including contribution splitting)
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 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 to join
To open a VicSuper Beneficiary Account:
Complete our online application form
- Read the VicSuper Beneficiary Account Product Disclosure Statement. You can download a copy from Publications. If you would like a copy sent to you, complete our online request form or call VicSuper's Member Centre on
1300 366 216 for the cost of a local call from anywhere in Australia.
- Complete the application form at the back of the Product Disclosure Statement and send it to VicSuper.