Get App
Smartsave Superannuation
Types of Smartsave Super accounts
Smartsave Super offers 14 different investment options for both employer-sponsored members and individual members. These include single asset sector options and diversified options with different risk profiles. You are free to mix and match these options, to fulfil your superannuation objectives.
Smartsave 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
At the time of writing (31/07/2018) Smartsave charges annual fees based on your total balance. This includes an administration fee of 1.237% and an additional fee of $74.88. You will also be charged an investment fee based on your investment choices. This ranges from 0.23% to 1.42%, with the Balanced investment option set at 0.62% per year.
With this in mind, be sure to compare the annual fees charged by Smartsave against the fees charged by other funds, keeping in mind that other funds with similar or higher fees may be providing additional products and services that Smartsave does not.
Eligibility to join Smartsave Super
Smartsave 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 Smartsave
You can apply to join Smartsave by visiting the Smartsave website and following the sign-up process.
Be sure to compare super funds on the Canstar website and check our choosing a super fund checklist before signing up for a particular superannuation account.
