Child Care Super superannuation
Types of Child Care Super super accounts
Child Care Super offers two super investment alternatives – the MySuper Lifecycle Investment Strategy and MyMix Solution.
MySuper Lifecycle Investment Strategy
MySuper is the main superannuation product available to Child Care Super members. As part of a MySuper Lifecycle Investment Strategy, members have a lifecycle investment strategy chosen for them, and don’t need to customise their investment mix. For example, if a member is under 25 they default to a ‘Building Lifestage’ investment option; at 25 to 59 they default to the ‘Growing Lifestage’ phase, and at age 60 or over they default to the ‘Consolidating Lifestage’ stage. Child Care Super explains this superannuation strategy “takes the pressure off… as you don’t have to choose your own investments”.
MyMix Solution
As part of Child Care Super’s alternative MyMix Solution, members can choose from eight investment options, including both single-asset and diversified options. Child Care Super says MyMix allows members a “greater say” in how their money is invested.
What other services are available to Child Care Super members?
Other features that are available to members of Child Care Super include:
- SUPERSUPER, a shop-and-save rewards program that includes cash rewards from hundreds of retailers
- insurance cover, including death cover, total and permanent disablement (TPD) cover and income protection cover within your super account
Child Care Super says its members can benefit from:
- “competitive” fees and charges
- personal assistance
- “great value” insurance
- regular communications
- online learning
- “no commissions” being paid to financial advisers
How to join Child Care Super
Before committing to a particular fund, consider comparing your options with Canstar and checking out our choosing a super fund checklist. You can also read relevant Product Disclosure Statements, Target Market Determinations and related documents on the Child Care Super website to help decide.
If you are interested in joining Child Care Super, you can apply online or call 1800 060 215. Remember to tell your employer if you’ve joined Child Care Super. Your employer should give you a Superannuation Standard Choice Form to fill out, sign and return to them.
While Child Care Super says its super products, insurance cover and services are “designed for those who work in the early learning sector”, even if you change industries, you can stay a member.
Child Care Super FAQs
This content was reviewed as part of our fact-checking process.