If you’re thinking of switching funds, have a look at some of the funds currently on Canstar’s database.
To compare other super funds suited to your life stage and preferences, visit the Canstar super fund comparison pages.
Types of Max Super accounts
Max Super offers employer and personal accumulation accounts. Their personal super fund offers a choice of the default MySuper option, pre-mixed investments or a choose-your-own option with five different asset classes.
There are a few benefits available to Max Super members who have a super account, including:
- Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
- Easy online account access
- Specially designed investment option for people on working visas
Eligibility to join Max Super
Max Super does not list any eligibility requirements on its website or PDS. However, super funds generally require that you satisfy the following criteria to register with them:
- 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
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 superannuation account.
How to join Max
You can apply to join Max Super by visiting their website and following the sign-up process.
Max Super FAQs
Yes, Max Super has a dedicated online portal for super fund members. You can view your account balance online, access statements for your account, download super fund information and more.
The money in your Max Super account is invested by your super fund. It offers an array of seven diversified and six asset class investment options, from which you can pick and choose.
When choosing an investment option, it is important to take into account your investment timeframes and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.
At the time of writing (19/07/18) Max charges fees based on your total account balance and your choice of investment, with the MySuper fund costing 1.023% per annum.
Compare these fees to the average super fund fees on our database, as fees are an important consideration when selecting a fund.
Yes, you can consolidate other super accounts into your Max Super account.
It’s important to check with your previous super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds.
Max Super was founded to provide an easier to understand and use super provider, without the jargon, complex fees and complicated forms. Max aims to make super easier to understand and manage. They have partnered with BlackRock to offer investment management services and AIA Australia to provide insurance.