Types of UniSuper superannuation accounts
UniSuper offers three retirement-related products to choose from:
- 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
- A Defined Benefit super product, which guarantees a certain amount of income in retirement and is available to those whose employers contribute up to 17% to their superannuation
There are a lot of benefits available to UniSuper members who have a personal super account, including:
- Competitive administration fees
- A history of strong long-term returns
- Exclusive membership for those working in the higher research sector
- Regular communication from UniSuper about your investments
- Financial advice available from UniSuper’s advisers
- Access to insurance through your super
Eligibility to join UniSuper superannuation
To sign up for a superannuation account with UniSuper, you must be able to satisfy the following criteria:
- You must be an Australian resident
- You must be over 15 years of age
- You must either:
- Work for a participating university or research body, or
- Be related to a current UniSuper member or a former UniSuper member wanting to re-join, or
- Be working in an honorary or affiliate role with a university
How to join UniSuper superannuation
If you satisfy all of the above eligibility criteria, then you can apply to join the UniSuper super fund. You can sign up for an UniSuper super account by going to their website and clicking ‘join’ – from there you will need to prove that you are eligible for UniSuper membership and complete the registration process online.
Yes, UniSuper has a dedicated online portal for their super fund members. You can view your account balance online, access statements for your account, download super fund information, and more.
The money in your UniSuper super account is invested by your super fund. They offer a variety of investment options including pre-mixed and sector options.
When choosing an investment option, it is important to take into your account investment timeframes 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, UniSuper offers a consolidation service for members who have super in other funds. It is free of charge and they do the rollover of your super for you.
It’s important to check with your old super funds for information regarding costs such as exit fees and any insurance cover you may lose if you switch super funds. If you have any questions or concerns about the rollover process, give Aon a call on 1300 880 588.
Be sure to check these 9 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?
UniSuper is Australia’s only industry fund dedicated to people working in the higher education and research sector. UniSuper was founded in 2000 as the result of a merger between the Superannuation Scheme for Australian Universities and the Tertiary Education Superannuation Scheme. UniSuper has over 400,000 members and over $65 billion in funds under management.
UniSuper sponsors several events and organisations in the higher research sphere, including the Research for Development Impact Conference, the SAFE Symposium, and countless smaller events at universities around the country. UniSuper says they look forward to being “part of the debate on the major issues and opportunities that affect our sector.”