Suncorp Employee Super Plan
Your flexible, fuss-free, online account
Why choose the Suncorp Employee Super Plan?
We like to speak your language to take the hassle out of super and help you get on your way to the retirement you deserve.
If any of the following sound like you, Suncorp Employee Super Plan can help:
What's so good about the Suncorp Employee Super Plan?
**Before moving your superannuation you should consider: any fees payable; where future employer contributions will be paid; whether current insurance entitlements will be retained or equivalent cover made available; and any other possible impact, eg. to your investments or tax position.
Here is a summary of some fees and costs for a Suncorp Employee Super Plan.
Note *Suncorp currently funds these fees for Eligible employees who joined the Suncorp Group prior to 1 July 2021. Other fees and costs may apply to your account including buy-sell spread when changing investments and investment fees which are determined by the underlying investment option and can change from time to time. Refer to the PDS for full detail of the relevant fees to your account.
What about Super for my family members?
We recognize that our family members are the most important people in our lives and to honour this relationship we have enabled our Brighter Super offering to allow family members of our staff to link their Brighter Super, Super or Pension accounts to your Suncorp Employee Super plan account.
This means that your family members can take advantage of discounted administration fees which we will calculate on the combined value of your linked accounts each month on a tiered basis (balances invested in the Suncorp Cash Fund and the Suncorp Lifestage Fund are not included for discount purposes).
Type of fee
Administration Fee Discount*
0.06% per year (0.05% for Pension)
0.18% per year (0.15% for Pension)
0.24% per year (0.20% for Pension)
* This administration fee discount is calculated on the combined average value of your accounts or linked accounts for the month and is calculated on a tiered basis when the administration fee is charged. Balances invested in the Suncorp Cash Fund and the Suncorp Lifestage Fund are not included for administration fee discount purposes.
Other fees and costs may apply. Please refer to Suncorp Employee Super Plan PDS and Product Guide for more details.
Investment flexibility and control
This is one of the great things about Suncorp Employee Super Plan – you’ve got real flexibility. For example you could start off by choosing to let us do all the work with our diversified multi-manager Suncorp Lifestage Fund. And then down the track you (with or without a financial adviser’s help) could start to build a more tailored portfolio from a number of investment options.
Let us do the work
When you're younger we'll put more of your money in growth investments like shares and property
As you get older we'll put more of your money in income investments better suited to more risk-averse investors with shorter time horizons.
Choose your own investment mix
Want to choose your own investment mix?
If you’d rather build your own Suncorp Employee Super Plan investment portfolio, then you can choose from our broad range of diversified and single-sector options. They bring together the skills of our investment partner and expertise from a variety of high quality Australian and overseas investment managers.
Suncorp Employee Super Plan’s investment options are designed to suit a broad range of investors. Each option has a varying degree of risk and expected return, so you and your adviser can mix the options to build the investment portfolio that’s right for you.
Find out more about unit prices and performance figures.
How is your superannuation fund performing?
You can compare the financial year results for all our investment options since the option started, or over the last five years, and see how each option has performed.
Performance figures for our super investment options and annual reports are provided below.
Super is a long term investment and offers good potential to grow your money in a concessionally taxed environment over time. When considering investment returns, it’s important to note that past performance is not an indicator of nor guarantee of future performance.
Unit prices, product dashboards and fund profiles
Investment Performance Reports
Access to insurance benefits
- Life & TPD $750,000
- Income Protection $10,000 per month
- $1 million for Life or TPD
- and for Income Protection up to 75 per cent of your salary up to a maximum benefit of $10,000 per month
Type of member
Default cover 2,3,4
For casual employees
Life cover only calculated as:
For permanent employees working less than 15 hours a week
Life cover calculated as:
For permanent employees working at least 15 hours a week
Life cover only, calculated as:
Total and Permanent Disablement (TDP) cover, calculated as:
Income Protection cover calculated as:
1 Suncorp Group currently pays the Default Cover insurance fees for eligible employees of the Suncorp Group who joined prior to 1 July 2021. This payment is applied as an employer contribution which counts towards your concessional contribution cap.
2 Some existing members may have different levels of Life & TPD cover, waiting periods or benefit periods for Income Protection cover. Please refer to your online portal or call us on 1800 652 489 to confirm.
Cover is provided for all permanent employees who:
If you wish to make an Income Protection claim, you should notify the Customer Service team in writing within 28 days after the end of the waiting period. For a TPD claim, you must notify us no later than 12 months from the date of disablement.
In the event of your death, your legal personal representative should contact the Customer Service team in writing no later than 12 months from the date of death. The Customer Service team will inform your legal personal representative of any additional information required to support the claim.
What happens to my insurance if I leave Suncorp?
Employees who are members of the Plan and leave employment with Suncorp will remain members of the Plan.
Life and TPD Cover
If you leave employment with Suncorp and don’t want to continue your Life and TPD cover, you should notify the Customer Service team in writing.
Sophistication and simplicity
Your Income Protection cover under the Plan will cease effective the date we are notified that you have left employment with Suncorp. You may apply to reinstate your Income Protection cover up to 6 months from the date you ceased employment with only limited underwriting required. without the need to provide any additional evidence of health.
If you do not apply within 6 months from the date you ceased employment, you will not be eligible.
Want to know more?
Super can seem complicated - but we can help you get it all sorted. If you would like more information on the Suncorp Employee Super Plan, please take some time to read the documents below.
But of course if you prefer, just give us a call on 1800 652 489.
What can you expect if you decide to join?
If you haven’t already joined the Suncorp Employee Superannuation Plan through Suncorp’s employee on-boarding process then you will need to complete a Standard Choice form. Once this has been completed you will need to scan and email the form to firstname.lastname@example.org so that the Payroll team can create your account. Please note that there are cut off dates within the Payroll system that may impact when your account is created. Manual forms such as this one must be submitted by 2pm Thursday (AEST) in a non-pay week to ensure that they’re actioned for the following pay cycle.
Once your account is set up, we will issue your welcome pack complete with online login details so that you can get involved with your retirement savings in the comfort of your home.
Important Note: Your first contribution to the Suncorp Employee Super Plan needs to be received within the first 130 days of the date you joined Suncorp to receive the automatic default insurance, otherwise you will be required to be underwritten to be approved to receive cover. You should contact your payroll to confirm this will be received within the prescribed timeframe.
Contact us on 1800 652 489 to find out how to apply.
Want to know more?
Super can seem complicated - but we can help you get it all sorted. If you would like more information on the Suncorp Employee Super Plan, please take some time to read the Product Disclosure Statement, Product Guide, Understanding Investment Risk Flyer, Suncorp Superannuation Fee Definitions Flyer, the SESP Insurance Premium Rates Guide, and the SESP ex Promina Insurance Premium Rates Guide. But of course if you prefer, just give us a call on 1800 652 489.
We're here to help
The Suncorp Employee Superannuation Plan (the Plan) is issued by Suncorp Portfolio Services Limited ABN 61 063 427 958 AFSL 237905 RSE licence no L0002059 (SPSL) as trustee for Suncorp Master Trust ABN 98 350 952 022 RSE fund registration no R1056655. The Plan is part the Suncorp Master Trust. Insurance cover within the Plan is issued by Asteron Life & Superannuation Limited ABN 87 073 979 530, AFSL 229880 (Asteron). SPSL is part of the Suncorp Group of companies and Asteron is part of the TAL Dai-ichi Life Australia Pty Limited ABN 97 150 070 483 group of companies (TAL). The different entities of TAL and the Suncorp Group are not responsible for, or liable in respect of, products and services provided by the other. Information provided is general advice only and does not take into account any person’s objectives, financial situation or needs. Before making a decision to acquire or continue to hold an account within the Plan, please read the Suncorp Employee Superannuation Plan Product Disclosure Statement and Product Guide, and other associated documents and speak to your financial adviser. The Plan is not a bank deposit or other bank liability and is subject to investment risk including possible delays in repayment and loss of the interest and principal invested.
Suncorp-Metway Ltd ABN 66 010 831 722 (Suncorp Bank) is not liable nor responsible for, and does not guarantee or otherwise support, Suncorp Employee Superannuation Plan accounts. Internet Banking and Mobile Banking are provided by Suncorp Bank. Suncorp Bank does not guarantee the availability of the Internet Banking and Mobile Banking services and can terminate access to those services at any time without reason or notice. You must agree to Suncorp Bank’s terms and conditions before you can access Internet Banking and Mobile Banking. Suncorp Brighter Rewards is offered through Edge Loyalty Systems Pty Ltd trading as Lifestyle Rewards (ABN 96 138 299 288), Level 1/500 Chapel Street, South Yarra, VIC, 3141.