Vision Super is an industry superannuation fund with a focus on local government and community sector workers in Victoria. While it was established to serve Victorian local government employees, it has opened its membership to all Australians.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Industry (profit-to-members) |
| Sector focus | Local government, community sector |
| Primary base | Victoria |
| Membership | Open to all Australians |
| Regulator | APRA-regulated |
| Website | visionsuper.com.au |
Products
- Accumulation account — for active employees and choice members
- Defined benefit section — for eligible long-term local government members (older legacy arrangements)
Fees
Vision Super’s fees are competitive within the industry fund sector:
- Administration fee: Dollar-based weekly fee
- Investment management fees: Vary by option
For current fees, check the Vision Super PDS or the ATO YourSuper tool.
Investment Options
Vision Super offers:
- Balanced (default MySuper)
- Conservative Balanced
- Growth
- Equity Growth
- Cash
- Income Focused
- Sustainable / ESG options
Performance
Vision Super has a track record of competitive returns for its size. As with all super funds, check the ATO YourSuper comparison tool for current performance data across comparable options.
Insurance
Vision Super provides group insurance for eligible members:
- Death cover
- TPD cover
- Income protection (salary continuance)
Cover amounts and insurance terms depend on membership category.
Defined Benefit Members
Older Victorian local government workers may have entitlements in a defined benefit arrangement administered through Vision Super. These members should seek specialist advice before making any fund changes — switching funds may irrevocably forfeit defined benefit entitlements.
Who Vision Super Suits
- Victorian local government employees
- Community sector workers in Victoria
- General members seeking a competitive industry fund with an established track record
For advice on Vision Super, particularly regarding defined benefit entitlements, speak with a licensed financial adviser via MoneySmart. For more: Super Fund Comparison Table, Defined Benefit Funds.