Child Care Super

Childcare Super

Child Care Super is a provider of personal and corporate superannuation and account-based pension products for members of the child care industry.

Types of Child Care Super accounts

Child Care Super offer superannuation solutions to three main groups – members, employers, and pensioners. A corporate fund is typically arranged by an employer for their employees to use, a personal fund can be a more flexible option, and pension payments convert your super into regular income payments.

There are a lot of benefits coming from being a member of Child Care Super, including:

  • Competitive fees and charges
  • Free advice on your super
  • Insurance available
  • No commissions paid to financial advisers

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Eligibility to apply for Child Care Super

To apply for any of the Child Care Super accounts, you must be able to satisfy the following criteria:

  • You must be an Australian resident
  • You must be over 18 years of age
  • You must be earning at least $450 before tax per month from an employer
  • Be an employee or company working in the child care industry

If you are under the age of 18, but earning more than $450 before tax per month, you must be working more than 30 hours per week to qualify for super.

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How to apply for a Child Care Super fund

If you’ve satisfied the above criteria, you are eligible to apply for a super fund.  The first step in applying for a Child Care Super Account is choosing the type of membership that best suits you. Ask yourself the following questions:

  • “Am I still working, and not yet ready to retire?” – Join as a super member
  • “Am I about to retire or have already retired?” – Join as a pension member
  • “Am I contributing for employees?” – Join as an employer

Once you’ve made a decision, you can either sign up online, or give them a call on 1800 060 215 (open Mon-Fri).

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Child Care Super FAQs

Yes, Child Care Super have a dedicated online portal for their super fund members. You can access statements of your savings, download superfund information, view your account balance, and more. Access the online portal here.

Most of the time, the money in your super fund account is invested by your super fund, and Child Care Super are no different. They offer a variety of investment options including pre-mixed, sector, and investment options.

It is important to take into account investment timeframes, and your personal tolerance for market fluctuations when choosing an investment option. The returns from your investment directly impact how quickly or slowly your super grows.

The table above shows the total fee cost to have a Child Care Super account per year. Compare these fees to the average super fund fees on our database.

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Child Care Super offer a consolidation service for members who have super in other funds. It’s important to check with your old funds for information regarding costs such as exit fees and insurance cover. If you have any questions or concerns, give Child Care Super a call on 1800 060 215.

Be sure to check these 9 things on your superannuation statement:

  • 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 still adequate
  • Super is consolidated, after checking whether there is insurance or any other benefits attached to the account you may lose and you’re comfortable to do so
  • The big picture – are you happy with your super fund overall?

Child Card Super has been operating for more than 15 years, and pride themselves on looking after the retirement savings of ‘those who look after others’.

As an industry super fund established for employees and employers of the child care industry, Child Care Super is a not-for-profit super fund that exists to benefit its members. Their goal is to maximise retirement benefits for members who are dedicated to child caring services in the community.

Child Care Super is part of the Guild Group.

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Written by: Regina Collins | Last updated: August 14, 2017