• Get more of the future you want with VicSuperGet more of the future you want with VicSuper

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We'll help you get it sorted

Book a chat
We'll help you get it sorted

Join over 235,000 other members now
It only takes a few minutes

Join over 235,000 other members now
It only takes a few minutes

Or call us on 1300 000 401 
9am - 5pm Mon-Fri (AEST)

Or call us on 1300 000 401

9am - 5pm Mon-Fri (AEST)

8 reasons to get your super sorted with us

  1. We’re a profit to member fund – we’re about getting more for you – not shareholders.
  2. Rating agencies agree we’re great value. We’ve been rated the best provider of member services and advice services nationally1 and are one of only seven super funds to be rated 5 stars by Canstar – Australia’s largest financial comparison site – for outstanding value.
  3. Our planners are part of our VicSuper team and paid a salary, not commissions. This means you get advice that you can trust!
  4. We’ll help you sort out your super with award winning services and advice. We’ll show you how you could achieve a higher account balance and save tax along the way. Learn more.
  5. We take a long term investment approach and we focus on delivering solid returns, keeping you informed along the way.
  6. We’re responsible investors and carefully consider the environmental, social and governance performance of the companies we invest in. Learn more.
  7. We’re always looking for ways to keep our fees to a minimum. That’s why last year we made our insurance offer cheaper and reduced the percentage component of our administration fee.
  8. The VicSuper community is strong. Don’t just take our word for it. More than 8 out of 10 members surveyed have told us that they’d be willing to recommend VicSuper to their family and friends. See what our members say.
1 Conexus Financial Services 2017 and 2018. Chant West rated VicSuper Best Member Services 2018 and Conexus Financial Services rated VicSuper Best Advice Offering 2018
2 SuperRatings SMART FCRS SR50 MySuper Index - November 2018 Rolling 5 year return.

8 reasons to get your super sorted with us

  1. We’re a profit to member fund – we’re about getting more for you – not shareholders.
  2. Rating agencies agree we’re great value. We’ve been rated the best provider of member services and advice services nationally1 and are one of only seven super funds to be rated 5 stars by Canstar – Australia’s largest financial comparison site – for outstanding value.
  3. Our planners are part of our VicSuper team and paid a salary, not commissions. This means you get advice that you can trust!
  4. We’ll help you sort out your super with award winning services and advice. We’ll show you how you could achieve a higher account balance and save tax along the way. Learn more.
  5. We take a long term investment approach and we focus on delivering solid returns, keeping you informed along the way.
  6. We’re responsible investors and carefully consider the environmental, social and governance performance of the companies we invest in. Learn more.
  7. We’re always looking for ways to keep our fees to a minimum. That’s why last year we made our insurance offer cheaper and reduced the percentage component of our administration fee.
  8. The VicSuper community is strong. Don’t just take our word for it. More than 8 out of 10 members surveyed have told us that they’d be willing to recommend VicSuper to their family and friends. See what our members say.
1 Conexus Financial Services 2017 and 2018. Chant West rated VicSuper Best Member Services 2018 and Conexus Financial Services rated VicSuper Best Advice Offering 2018
2 SuperRatings SMART FCRS SR50 MySuper Index - November 2018 Rolling 5 year return.

Did you know?

It’s virtually impossible to pick the number one performing fund every year.

In fact the best performing super fund has changed 25 times2 over the past 6 years!

(…and VicSuper topped the list twice in that time).

Did you know?

It’s virtually impossible to pick the number one performing fund every year.

In fact the best performing super fund has changed 25 times2 over the past 6 years!

(…and VicSuper topped the list twice in that time).

Disclaimer

Results are shown in today’s dollars, which means they have been adjusted for the effect of inflation over time. We have assumed a default rate of inflation of 2.5% over the life of the model.

In simple terms, $1 today will not have the same purchasing power as $1 in the future, as goods and services typically cost more over time. The figures in the above graph are shown in today’s dollars to make it easier for you to compare the amounts against today’s living costs.

The estimated retirement income is calculated on the member’s superannuation balance at the start of retirement. The calculation determines how much can be drawn each year (in today’s dollars) for the superannuation balance to run out 5 years after the member’s life expectancy (figures provided by the Australian Institute of Health and Welfare), and assumes no other sources of income (e.g. income from non-superannuation assets or Centrelink benefits).

Assumptions

Starting Age: 25

Retirement Age: 67

Starting Balance: $5,000 which comprises the rollover from other super funds 

Salary: $50,000 pa reduced by 50% when working part time

Superannuation Guarantee: 9.5% (no SG during parental leave taken over 3 full years from age 35)

Salary Indexation: 3.5% pa 

Salary Sacrifice Indexation: 3.5% pa

Inflation:2.5% pa

Investment Option: 100% of account balance invested in: Growth (FutureSaver) returning 6.25% pa from 25 to 67 years of age. Capital Stable (Flexible Income) returning 5.55% pa from 67 years of age

All information provided in this illustrative case study is based on the specific circumstances and assumptions detailed, and is not intended as advice or a guarantee of any outcome. It is a broad illustration of the steps a member could take, but the actions appropriate for an individual will vary depending on their personal circumstances. The case study is based on current regulatory requirements and laws, including tax rates, which may be subject to change.

Investment return assumptions are for illustrative purposes only and for simplicity assume an average rate of return each year throughout the investment period. Actual returns year on year may be negative and may vary materially.

Other assumptions

In what year does the case study projection calculation start (for example, she joins VicSuper at age 25 on 1 July 2018?)
This is correct – assumed that Tamara’s birthday is 1 July each year

No withdrawals ever made?
No – the scenario is based on accumulating as much wealth as possible before starting to draw an income.

When are investment returns credited to members’ accounts? Annually?
Investment earnings are applied to the starting balance each year, credited to the closing balance annually.

When are contributions assumed to be made? Quarterly in arrears?
Middle of each year

When are fees assumed to be deducted? Annually?
Fees and taxes are factored into the net investment return – there are no additional fee amounts to be deducted.

What fees are taken into account?
All fees and taxes are factored into the net investment return.

  • Investment Fee – based on the Investment Option the member is invested in and calculated as part of the unit price (not directly deducted from a member’s account).
  • Account Keeping ($1.50 per week) and Administration Fees (0.19% per annum) – capped at a combined total of $125 per month per account, deducted monthly in arrears from a member’s account.
  • Indirect Cost Ratio – based on the Investment Option the member is invested in and calculated as part of the unit price (not directly deducted from a member’s account).

Are deductions made for insurance premiums? [Yes/No.]
No – this is the same for both scenarios (i.e. with and without advice).

What's the calculation methodology?
Noted in answers above and supporting ‘summary of projections’ document

For example: Using the starting account balance and salary, the contributions, earnings and fees are calculated using 30 June data each year to derive the closing account balance at the end of each year. The closing account balance for the previous year is then used to calculate earnings and fees on the account in the following years with the process being repeated for each year.

  • 25-34

    Joins
    VicSuper
    |

    Receives a Welcome Pack and registers for Members Online
    |
    Starts salary sacrificing $50 gross a fortnight
    |
    Consolidates her other super accounts

    25-34

    Joins
    VicSuper
    |

    Receives a Welcome Pack and registers for Members Online
    |
    Starts salary sacrificing $50 gross a fortnight
    |
    Consolidates her other super accounts

  • 35-44

    Takes a 3 year parental leave then returns part-time
    |

    Stops salary sacrificing while on parental leave
    |
    Attends a VicSuper workshop and reads VicSuper booklet showing different types of contributions
    |
    Returns to work part-time at 38 years of age on half pay - no spouse contributions as she is ineligible due to level of assessable income
    |
    Restarts salary sacrifice contributions from approx $78 gross per fortnight

    35-44

    Takes a 3 year parental leave then returns part-time
    |

    Stops salary sacrificing while on parental leave
    |
    Attends a VicSuper workshop and reads VicSuper booklet showing different types of contributions
    |
    Returns to work part-time at 38 years of age on half pay - no spouse contributions as she is ineligible due to level of assessable income
    |
    Restarts salary sacrifice contributions from approx $78 gross per fortnight

  • 45-54

    Returns to
    full time work
    |

    Back to full time work at 45 and Salary Sacrifice contributions increase as per indexation
    |
    Uses Beeline to understand how paying down their mortgage vs saving for retirement

    45-54

    Returns to
    full time work
    |

    Back to full time work at 45 and Salary Sacrifice contributions increase as per indexation
    |
    Uses Beeline to understand how paying down their mortgage vs saving for retirement

  • 55-67

    Starts focusing on
    retirement plans
    |

    Speaks to a Financial Planner to talk about her retirement plans now that she’s paid off her mortgage and other debts
    |
    Increases salary sacrifice contributions to concessional cap 

    55-67

    Starts focusing on
    retirement plans
    |

    Speaks to a Financial Planner to talk about her retirement plans now that she’s paid off her mortgage and other debts
    |
    Increases salary sacrifice contributions to concessional cap 

Award winning advice, service and value

We're one of Australia's top super funds. We believe our commitment to member value is best-in-class and the independent ratings agencies seem to agree.
Learn more.

Award winning advice, service and value

We're one of Australia's top super funds. We believe our commitment to member value is best-in-class and the independent ratings agencies seem to agree. Learn more.

VicSuper Wins Canstar's 5 stars for Outstanding Value Superannuation

VicSuper Wins Canstar's 5 stars for Outstanding Value Superannuation

My advisor was incredible- very warm, friendly and extremely knowledgble. It was a pleasure working with her and I learnt a lot. I cannot speak highly enough of the service I was provided.

Shannon, age 34 VicSuper Member

The expertise, friendliness and ability to explain the details in easy to understand terms takes away the anxiety of these important issues for us.

Laurence, age 65 VicSuper Member

Great level of service and responsiveness. The advice appointment exceeded my expectations.

Sharon, age 39 VicSuper Member