CareSuper is an APRA-regulated industry super fund primarily serving professionals and workers in office-based industries across Australia. It is a profit-to-members fund — meaning fees are used to run the fund for members’ benefit, not to generate shareholder profit.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Industry super fund (profit-to-members) |
| Open to | All Australians (any occupation) |
| Regulator | APRA-regulated |
| ABN | 098 895 970 |
| Website | caresuper.com.au |
Fees
CareSuper’s fees are generally competitive within the industry fund sector:
- Administration fee: Annual dollar-based fee (no percentage admin fee on balance)
- Investment fee (ICR): Varies by investment option — typically competitive
For current fee information, refer to CareSuper’s PDS and Additional Information document at caresuper.com.au.
Investment Options
CareSuper offers a wide range of investment options:
- MySuper / Balanced (default): Diversified across growth and defensive assets
- Sustainable Balanced: ESG-screened option
- High Growth
- Capital Guaranteed / Cash
- Direct investment option: ASX 300 shares, ETFs, and term deposits available for self-directed members
The direct investment option is a distinguishing feature that suits more engaged investors.
Investment Performance
CareSuper has historically delivered strong risk-adjusted returns in its Balanced option. Check the SuperRatings benchmarks and the ATO’s YourSuper tool for current comparative data.
Insurance
Default insurance includes:
- Death cover
- Total and permanent disability (TPD)
- Income protection (salary continuance) — a key differentiator for professionals
The default income protection benefit (salary continuance) is often cited as a strength of CareSuper relative to other industry funds.
Who CareSuper May Suit
- Professionals and office workers in health, law, finance, HR, and other sectors
- Members who want a direct investment option alongside managed options
- Members who value default income protection coverage
Past performance is not a reliable indicator of future performance. For advice tailored to your situation, speak with a licensed financial adviser via MoneySmart. For more: Super Fund Comparison Table, Income Protection in Super.