Sunsuper Superannuation

Sunsuper logo 2018

Sunsuper is a specialist provider of superannuation and account-based pension products.

Types of Sunsuper accounts

Sunsuper offers three retirement-related products to choose from:

  • Corporate super arranged by an employer for their employees to use
  • Personal super available for individual employees
  • Account-based pension converts superannuation into regular income payments for retirees and workers in the transition to retirement (TTR) stage

There are a lot of benefits available to Sunsuper members who have a personal super account, including:

  • Competitive investment performance
  • Flexible investment options
  • Low cost and transparent administration fees
  • Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
  • Over-the-phone financial advice available
  • Easy online account access
  • Not-for-profit industry super fund

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Eligibility to join Sunsuper

To sign up for a superannuation account with Sunsuper, you must be able to satisfy the following criteria:

  • You must be an Australian resident
  • You must be over 18 years of age
  • You must be earning at least $450/month before tax from an employer

If you are under the age of 18, but earning more than $450/month before tax, you must be working more than 30 hours per week to qualify for super.

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How to join Sunsuper

If you satisfy all of the above eligibility criteria, then you can apply to join Sunsuper. You can sign up for a Sunsuper account by clicking on its products in Canstar’s superannuation comparison tables and then sign up online on its website, or call 13 11 84 (available Monday to Friday between 8 am and 6.30pm AEST).

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:

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Sunsuper FAQs

Yes, Sunsuper has a dedicated online portal for its super fund members. You can view your account balance online, access statements for your account, download super fund information and more. Access the online portal here.

The money in your Sunsuper account is invested by your super fund. It offers a variety of investment options including pre-mixed, sector and direct investment options, which ensures the money goes back into your industry. You can invest in asset classes such as:

  • Cash
  • Fixed interest
  • Property
  • Shares (Australian and international)
  • Hedge funds and more

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 table above shows the total fee cost per year to have a super account with Sunsuper. Compare these fees to the average super fund fees on our database, as it’s important not to let your super be eaten away by fees before you retire.

Yes, Sunsuper offers a consolidation service for members who have super in other funds.

It’s important to check with your old super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds. If you have any questions or concerns about the rollover process, give Sunsuper a call on 13 11 84.

Be sure to check these nine things on your superannuation statement:

  • Personal details are up-to-date
  • Nominated beneficiaries are up-to-date
  • Tax File Number (TFN) is recorded
  • Super contributions from employer and/or your voluntary contributions are correct
  • Investment asset class choices are appropriate for your life stage
  • Amount paid in fees for the year is not too high
  • Insurance in super is still adequate coverage for your needs
  • Super is consolidated, after checking whether there is insurance or any other benefits attached to the account you may lose and you’re comfortable to do so
  • The big picture – are you happy with your super fund overall?

Established back in 1987, Sunsuper is an open super fund, which means anyone can enjoy the great member benefits. Its purpose is to “inspire and empower Australians to fulfil their retirement dreams”.

As an industry super fund, Sunsuper is a non-for-profit organisation that exists for the benefit of its members. Its goal is to maximise retirement benefits for members by providing quality superannuation, retirement, education and financial services.

Sunsuper is also proud to sponsor a range of initiatives, including Australian-based charities, community groups and not-for-profit organisations.

Sunsuper For Life

Canstar Research
Award: Outstanding Value Superannuation

Written by: Regina Collins | Last updated: October 24, 2017