Care Super Review
Returns to September 30 2021
|Investment Option||1 Year||3 Year||5 Year|
|Capital Stable VS Median||0.25%||-||0.22%|
|Balanced (MySuper) VS Median||-0.70%||-||0.16%|
|Growth VS Median||-1.26%||-||-0.12%|
|Investment Option||Flat Fee||Percentage Based Fee||Fee Based on 50k|
ABN:63 002 916 458
Address: Locked Bag 20019 Melbourne VIC 3001
About Care Super
Omnilife have given Care Super an overall insurance rating of 64/100. However, ratings vary depending on the individual insured’s circumstances.
When Reviewing Super funds it’s a good idea to learn more about choosing a super fund. Consider the following:
Firstly, are you invested in the right risk profile? This is essentially the amount of risk you’re willing to take to achieve your desired investment return. High Growth investments will achieve the highest returns over the long run, and also carry the highest risk of loss in any one year.
Secondly, what to do about the insurance in your super? Most funds will come with a default amount of insurance cover for instance. For some people this will be very insufficient and for others it will be too much, for example. Therefore, tailoring your cover to your own circumstances is key.
Thirdly, what are the different ways you can contribute to super? Understanding contributions like salary sacrifice and the government co-contribution can help you make the most of your super.
Fourthly, and most importantly, make sure you review Care Super against other super funds under the ‘Fund Profiles’ tab and check out the top super funds, to see who the leaders are.
In addition, If you would like to speak to someone for some guidance when reviewing your super, then please fill in the ‘Speak To An Advisor’ form above and an advisor will be in touch to see how they can assist you.
In conclusion, understanding the key elements of super, conducting the appropriate research and seeking the best advice will help with choosing the best fund.
Frequently Asked Questions
Care Super’s fees are slightly below the median out of Balanced/MySuper funds listed on Review My Super.
Based on this evidence, you could certainly say Care Super is not a bad fund. However, it has not made the Top Funds funds list.
No, Care Super is not a self-managed super fund. It is regulated by APRA.
Yes, Care Super is an industry fund.
Care Super is a not-for-profit fund with an industry membership base.
Yes, anyone can join Care Super.