Types of REI Super accounts
REI Super offers personal and employer super funds with a choice of ten investment options. These include diversified options with different risk profiles and single asset class options. You can choose to invest your super in one or a mix of these options, to suit your needs.
REI 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
Eligibility to join REI Super
REI 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 REI
You can apply to join REI by visiting the REI website and following the sign-up process.
REI Super FAQs
Yes, REI 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.
REI Super provides seven different investment options for you to choose from, including:
- Premium Income
- Australian Shares
- International Shares
- Australian Property
- Global Property
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) REI charges annual fees based on your total balance. This includes an administration fee of $85.80 plus 0.25% of your account balance. You will also be charged an investment fee of 0.47%.
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 REI 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.
REI Super was founded in 1975 as an industry fund for employees in the real estate industry. However, nowadays anyone can join REI, offering their 40 years of experience in superannuation to help fund your retirement. Serving over 30,000 members, REI manages more than $1.5 billion is assets and employs around 9,000 people.