Types of NESS Super accounts
NESS Super offers personal and employer super funds with a choice of seven investment options. You can choose to invest your super in one or a mix of these options, to suit your needs.
NESS Super provides the below benefits to their members:
- Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
- Easy online account access
- Financial advice available
- Pension options
- Access to low-interest home loans with ME Bank
- Discounted health insurance available through NIB
Eligibility to join NESS Super
NESS 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 super.
How to join NESS
You can apply to join NESS by visiting the NESS website and following the sign-up process.
NESS Super FAQs
Yes, NESS 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.
NESS Super provides seven different investment options for you to choose from, including:
- High Growth
- Australian Shares
- International Shares
When choosing an investment option, it is important to take into account your investment time frames 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 (24/07/2018) NESS charges annual fees based on your total balance. This includes an administration fee of $72.80 plus 0.1275% of your account balance. You will also be charged an investment fee of 0.84%.
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 NESS 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.
NESS Super is an industry fund and was established in 1987 to benefit members of the electrical, communication and associated industries. Since then they have branched out to offer superannuation services to all Australians, while still directing profits towards members.