TelstraSuper Superannuation

Telstra-Super

TelstraSuper is a specialist super provider, providing super funds for past and current employees of Telstra and their family members.

Types of TelstraSuper accounts

TelstraSuper offer accumulation plans, defined benefit funds and retirement income streams. The exact type of funds you can apply for depend upon when you commenced employment with the Telstra. Most members are eligible to join the personal super fund.

The personal super plan offers you a choice of 12 different investment options from which you can pick and mix. The available options are:

  • Growth
  • Balanced
  • Diversified Income
  • Defensive Growth
  • Conservative
  • MySuper
  • Australian Shares
  • International Shares
  • Property
  • Fixed Interest
  • Cash
  • Direct Access

The Direct Access option is not a typical investment option, but instead gives you the control to individually invest in ASX300 companies, select Exchange Traded Funds and term deposits.

There are a few benefits available to TelstraSuper members, including:

  • Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
  • Easy online account access
  • Financial advice

At the time of writing (31/07/2018) TelstraSuper charges fees based on your total balance. This includes a $1.50 weekly administration fee and an additional $172 per annum fee if you are invested in the Direct Access option. You will also be charged an annual investment fee that ranges between 0.14% and 0.58% depending on which investment option you choose. This fee is set at 0.38% for the MySuper Balanced option.

With this in mind, be sure to compare the annual fees charged by TelstraSuper 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 TelstraSuper does not.

Compare Super Funds

Eligibility to join TelstraSuper

To apply for TelstraSuper, 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 before tax per month from an employer
  • Be a Telstra employee, or the family member of one

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 TelstraSuper Super

Because you can only join TelstraSuper if you are a Telstra Group employee, joining TelstraSuper is a bit different to the process with other super funds. Talk to your employer to find out more.

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

TelstraSuper FAQs

Yes, TelstraSuper 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.

TelstraSuper provides a variety of investment options for you to choose from. You can choose to invest in one or a mix of options. The available investment options in the accumulation plan include:

  • Growth
  • Balanced
  • Diversified Income
  • Defensive Growth
  • Conservative
  • MySuper
  • Australian Shares
  • International Shares
  • Property
  • Fixed Interest
  • Cash
  • Direct Access

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.

Yes, you can consolidate other super accounts into your TelstraSuper 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.

TelstraSuper was established in 1990 and manages $20 billion in funds for around 95,000 members. TelstraSuper has an Environmental, Social and Governance policy that helps to direct their investment choices. This has led to them to focus on investing in sustainable energy industries, as opposed to tobacco companies and weapons manufacturers.

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