Types of AvSuper superannuation accounts
AvSuper accounts are open to anyone eligible to join an Australian superannuation fund. AvSuper also offers a separate type of membership for corporate members (employees of Airservices Australia or the Civil Aviation Safety Authority) and income stream members (for people who have reached their preservation age).
Life insurance, total and permanent disability (TPD) insurance and income protection insurance are available within super (as with any insurance product, consider checking the cover amount, any exclusions, limits or other conditions that apply, as well as the premiums you would be charged before deciding whether it suits your needs). In person, online and over-the-phone financial advice is also available.
Eligibility to join AvSuper
AvSuper says membership is open to anyone eligible to join an Australian superannuation fund, including people who are no longer associated with the aviation industry.
How to join AvSuper
Before commiting to a particular fund, consider comparing your options with Canstar and checking out our choosing a super fund checklist.
If you decide to join AvSuper, you can open an account by completing an AvSuper membership application and forwarding it to AvSuper.
AvSuper says you must make an initial contribution of at least $1,200 to your account if your employer is not making regular contributions to the account for you.
Yes, AvSuper has a dedicated online portal for their super fund members. You can view your account balance online, access statements for your account, download super fund information, and more.
AvSuper offers the following investment options:
- Growth (MySuper) – this is the default option
- Conservative Growth
- Stable Growth
- Balanced Growth
- Diversified Index
- High Growth
- Australian Shares
- International Shares
Yes, AvSuper offers a consolidation service for members who have super in other funds.
You can also consolidate your super through the ATO via the myGov website.
It’s important to check with your current super fund(s) for information regarding any related costs and any insurance cover you may lose if you switch super funds. Also consider whether consolidating your super is a suitable decision for your life stage and retirement goals.
To help you stay on top of your super, it may be beneficial to check your regular super statement closely. Here are some of the factors that could be worth paying attention to:
- Personal details are up-to-date
- Nominated beneficiaries are up-to-date
- Tax File Number (TFN) is recorded
- Super contributions from employer and/or your voluntary contributions are correct
- Investment asset class choices are appropriate for your life stage
- Amount paid in fees
- Insurance in super is still adequate
- Super is consolidated
- The big picture – are you happy with your super fund overall?
AvSuper was originally established in 1990 to provide superannuation benefits to employees of Airservices Australia and the Civil Aviation Safety Authority. It opened its membership to the general public from 2005.
It now has more than 6,500 members and over $2 billion funds under management.