The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
Suncorp Everyday Super®
Set up your super with a trusted Australian financial institution and know that you’re in safe hands.
Why choose Everyday Super?
For a simple online super account with investment and insurance options that can automatically adjust to reflect your changing needs, consider Everyday Super.
Fees and Costs
Transparent and simple fee structure.
Flexible investment options
Investment options that automatically adjust to suit your age.
Online & mobile access
Manage your super 24/7 by logging into your online account from wherever you are.
What are the fees?
The table below gives a summary of some fees and costs for a super account in Everyday Super. Not all fees are included. Learn more about fees and costs (including for pension accounts) in the Product Disclosure Statement and Product Guide. You can find links to these documents below.
Note: Other fees and costs may apply to your account.
How has this fund performed?
If you don’t want to choose your investment options and just want to leave it to the experts, we will do all the work for you. We will automatically invest your money in an investment strategy based on your age and automatically adjust the investments as you get older. Suncorp Everyday Super has been a strong investment performer across each lifestage segment. Our investment strategy allocates a diversified investment mix based on age and automatically change your investment mix over time to suit your changing needs and risk appetite.
This means that when you're younger we put more of your money towards growth investments, like shares and property, then as you get older, we allocate more to income investments, which have lower risk and suit shorter timeframes.
Insurance
With Everyday Super you can automatically5 get Suncorp Lifestages insurance cover without the inconvenience of medical checks, provided you are eligible. This includes Life and Total and Permanent Disability (TPD) cover to an amount between $25,000 and $250,0006. You can find more information in the Product Guide.
How does Suncorp Lifestages insurance cover work?
The amount of Suncorp Lifestages insurance cover you receive depends on your age. Your Suncorp Lifestages insurance cover will be tailored as allocated according to your age. We’ll automatically adjust your amount of insurance cover (i.e. the size of the payment you or your beneficiary would receive in the event of a claim) as you get older to help cover the typical debt levels of someone your age and as you move towards retirement.
The insurance fees for Suncorp Lifestages cover could vary from as little as $0.66 per $1,000 of cover for a male and $0.36 for a female7 with Life and TPD cover to as much as $87.70 per $1,000 of cover for a male8 and $47.24 for a female with Life and TPD cover, depending on your circumstances.
Paper option
Download & complete the rollover form and email it to us at super@suncorp.com.au.
MyGov instructions
Step1: Create a MyGov account, then link the ATO to your account. If you already have a MyGov account, just log in and click through to the ATO Section.
Step2: Go to the ‘Super’ tab.
Step3: Choose the fund you want to transfer your money from (called the ‘transferring fund’), and then fund you want to transfer your money to (called the ‘receiving fund’) from the funds listed.
Step4: Confirm your selection and your funds should move your accounts into one Account within three days.
Ready to become a member?
Our friendly team of consultants are here to help.
Things you should know
1. We receive a tax deduction for expenses related to administration and investment fees. As a result, the actual administration and investment fees you pay in Everyday Super will be reduced by up to 15%.
2. The percentage administration and investment fees have been rounded to 2 decimal places.
3. The range shown here is based on the latest information available to us. The buy-sell spread can change at any time and may exceed the maximum amount shown.
4. Costs are variable and may be more or less than the estimated amounts shown, which are based on the known actual or estimated costs incurred for the last financial year. Past costs are not a reliable indicator of future costs.
5. You will be eligible to receive automatic insurance cover from the earlier of the date you elect to receive automatic insurance cover or the date you are both 25 years or older and have a balance of $6,000 or more in your account, and you meet the eligibility requirements in the insurance policy. Members with occupations determined by the insurer as hazardous are ineligible. If you have a 'pre-existing condition+' it may exclude you from being eligible for an insurance payout. Additional eligibility criterial apply. Consider the Everyday Super Product Disclosure Statement and Product Guide.
6. Your level of Life and TPD cover will be based on your age and occupation.
7. For a 15-19 year old female working in an office (white collar) with $75,000 of Life and TPD cover.
8. For a 60-64 year old male working in heavy manual work (heavy blue collar) with $50,000 of Life and TPD cover.
