MySuper: understanding your choices

What is MySuper?

56 per cent of all superannuation accounts in Australia are MySuper accounts.1

Since January 2014, if you haven’t specified a super fund, your employer must pay your super to a fund that offers default MySuper accounts. Generally speaking, MySuper accounts are designed to offer:

  • lower fees (and restrictions on the types of fees that can be charged)
  • simple features, so you don’t pay for services you don’t need
  • a single, diversified investment option or a lifecycle investment option.

Exercising choice

Most super funds offer a range of investment options, including default MySuper options. This allows you to choose where your contributions are invested.

The super investment option that’s right for you depends on your personal, family and financial circumstances, as well as your income and lifestyle.  As these things will change over time, it’s worth reviewing how your super is invested from time to time.

Whatever you decide will have an impact on your super balance – and may help you achieve your retirement goals more effectively.

If you do review your super, a financial adviser can help you choose the investment option that’s right for you.

1 Australian Prudential Regulation Authority, Statistics: Annual Superannuation Bulletin June 2017 (released 28 March 2018).


Important information
This information is provided by NULIS Nominees (Australia) Limited ABN 80 008 515 633 AFSL 236465, a member of the National Australia Bank Limited (ABN 12 004 044 937 AFSL 230686) group of companies. An investment with NULIS does not represent a deposit or liability of, and is not guaranteed by, the NAB Group. The information in this communication may constitute general advice. It has been prepared without taking account of individual objectives, financial situation or needs and because of that you should, before acting on the advice, consider the appropriateness of the advice having regard to your personal objectives, financial situation and needs. NULIS believes that the information contained in this communication is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made as at the time of compilation. However, no warranty is made as to the accuracy or reliability of this information (which may change without notice). Past performance is not a reliable indicator of future performance. This information is current as September 2018 and may be subject to change, for example should there be a change of legislation or economic conditions.

Tax disclaimer
Any general tax information on this website is intended as a guide only and is based on our general understanding of taxation laws. It is not intended to be a substitute for specialised taxation advice or an assessment of your liabilities, obligations or claim entitlements that arise, or could arise, under taxation law, and we recommend you consult with a registered tax agent.