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MySuper membership

MySuper is an Australian Government super reform designed to allow super funds to provide a ‘simple super’ product to members.

You are categorised as an APSS MySuper member if you have either a Spouse or Rollover account in the APSS that has an investment in the Balanced option.

Being a MySuper member does not fundamentally change the way your super investment in the APSS works. It just means we must, by law, disclose things to you in a specific, prescribed way – for example, giving you access to the following ‘MySuper Dashboard', and you must automatically receive a minimum level of insurance (which you can opt out of or increase if you wish). Note that insurance cover is subject to eligibility requirements, cancellation, conditions and exclusions. 

MySuper Dashboard

Balanced (MySuper) investment option

Use this dashboard to compare the APSS MySuper product to other MySuper products. Go to ASIC's MoneySmart websiteOpens in new window for more information on how to pick the right MySuper fund for you.

Product Dashboard

Outcome

Notes

Return target CPI + 3% p.a. Return target is measured over a 10-year period (2020-2029), net of fees and taxes. Future returns cannot be guaranteed. This is a prediction.
Return 3.97%

3-year average return as at 30 June 2020. See note below the following 'Comparison between return target and return'.

Year ending 30 June: Return
2020 -1.38%
2019 7.10%
2018 6.41%
Comparison between return target and return

Because the APSS MySuper product only commenced on 26 June 2017, return data is only available for the period from 1 July 2017 to 30 June 2020. Return data for further financial years will be included when available at the end of each subsequent financial year. In any case, past performance is not necessarily an indication of future returns.

Level of investment risk High (Risk Band 6)
The estimated number of negative annual returns is expected to be 4 to less than 6 in every 20 years.
The higher the expected return target, the more often you would expect a year of negative returns.
Statement of fees and other costs $603 per year Fees and other costs for a member with a $50,000 balance.

MySuper Dashboard Glossary

Return: The investment return over a previous financial year for a member with a $50,000 balance fully invested in Balanced (MySuper), net of any investment, administration and advice fees, costs and taxes.

Return Target: The target return represents the mean annualised estimate of the percentage rate of net return that exceeds the growth in the Consumer Price Index (inflation) over 10 years.

Fees and other costs: The estimated investment, administration and advice fees and costs deducted directly or indirectly from investment earnings from a member's account with a $50,000 balance fully invested in Balanced (MySuper) for the current financial year.