MySuper dashboard – from age 53
Your super will automatically be invested using our default strategy. If you are aged 53 years and over, 100% of your super will be invested in the Balanced Growth (MySuper) product. Find out more about our default investment strategy.
Return (see notes)
10-year average return of 8.21% per year as at 30 June 2021.
Return target for 2022-2031 of 2.09% per year above inflation, after fees and taxes. Future returns cannot be guaranteed.
Comparison between return target and return
Document is ready to be downloadedmysuper-dashboard-over53.csv (244 bytes)
Past performance is not necessarily an indication of future returns. Find out more about our default investment strategy.
Level of investment risk
Likelihood of negative returns occurring 4.3 years in a 20 year period.
The higher the expected return target, the more often you would expect a year of negative returns.
Statement of fees and other costs
$513.60 per year for a member with a $50,000 balance.
It is important to understand that the amount shown for “fees and other costs” is an estimate only for a member with a $50,000 balance. The measure will be a base-level tool for consumers to compare the level of fees and other costs between different MySuper products. Please refer to the Fees and other costs document published on our website for more information on fees and costs.
The presentation of this dashboard follows regulatory requirements. The following note may be useful.
On 1 November 2017 we implemented a new investment strategy for the MySuper product, replacing the previous default with four separate strategies depending on a member’s age. For members from age 53, the MySuper product’s strategy is the Balanced Growth (MySuper) option (until 30 June 2021 known as the Balanced (MySuper) option). The financial year and ten-year average returns are for the Balanced Growth option. One- and 10-year returns are slightly different to what is shown elsewhere, as the dashboard returns must be calculated for a member with a $50,000 balance net of investment and administration fees, indirect costs and taxes.