Smartsave Superannuation

smartsave-superSmartsave Super is a specialist superannuation provider, offering personal and employer super, account based pensions and financial advice.

Compare Smartsave Super

If you’re considering superannuation with Smartsave check out the below option suitable for those aged 30-39 years old, based on a super balance of $55K to $100K. To compare other super funds suited to your life stage and preferences, visit the Canstar super fund comparison pages.

Additionally, here are some of the top-performing funds on Canstar’s database. The following table contains details of the superannuation funds rated by Canstar based on someone aged 40-49 with a super balance of $100-$250k. This table has been sorted by one-year performance (highest to lowest).

Please note the performance information shown in the table is for the investment option used by Canstar in rating of the superannuation product.

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.

Compare Super Funds

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.

Compare Super Funds

Smartsave FAQs

Yes, Smartsave 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.

Smartsave provides 14 different investment options that you can pick and choose from. These include:

  • Cash
  • Diversified Fixed Interest
  • Managed Stable
  • Balanced
  • Growth
  • High Growth
  • Australian Shares – Imputation
  • Diversified Property
  • Australian Shares
  • Global Shares
  • Resources
  • Australian Shares – Small Companies
  • Australian Shares – Geared
  • MySuper Balanced

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.

The comparison table near the top of the page shows the total fee cost per year to have a super account with Smartsave. 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 Smartsave 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.

Smartsave Super was established to provide simple and effective superannuation for both individual and employer sponsored members. Its Trustee is the Diversa Group, a financial services provider that was founded in 2009.

Smartsave Personal Choice

Canstar Research
Rating:
Award: 1-Star Rated Superannuation

Superannuation 40-49 $250k

Smartsave Personal Choice

View the 2018 Superannuation Star Ratings Report

Written by: Tim Smith | Last updated: August 9, 2018