Spirit Super Review

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Spirit Super Performance: Returns to September 30 2021

Investment Option 1 Year 3 Year 5 Year
Conservative - - -
Median 7.40% 4.60% 4.70%
Conservative VS Median - - -
Balanced (MySuper) 17.39% 7.77% 8.51%
Median 17.70% 8.00% 8.60%
Balanced (MySuper) VS Median -0.31% -0.23% -0.09%
- - - -
Median - - -
VS Median - - -
Growth 21.93% 9.35% 10.32%
Median 22.10% 9.30% 10.10%
Growth VS Median -0.17% 0.05% 0.22%

Spirit Super Fees

Investment Option Flat Fee Percentage Based Fee Fee Based on 50k
Conservative 67.60 0.61% $372.60
Balanced (MySuper) 67.60 0.79% $462.60
Spirit Super - - -
Growth 67.60 0.88% $507.60

Asset Allocation

RankAsset%
RankAsset%

Insurance Rating

0 /100
OmniLife

Spirit Super Fund Information

ABN: 74 559 365 913

USI: MTA0100AU

Address: GPO Box 1547 Hobart TAS 7001

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About Spirit Super

Formed in 2021 by the merger of MTAA and Tasplan, Spirit Super is an industry super fund with approximately $26 billion funds under management and over 325,000 members Australia-wide (as at 30 June 2021).

Spirit Super Investment Options

Spirit Super has 5 ‘Pre-mixed options’ and 4 ‘Asset class options’
Pre-mixed:
Balanced (Mysuper), Conservative, Moderate, Sustainable and Growth.
Asset Class:
Cash, Diversified fixed interest, Australian shares and International shares.

Spirit Super Performance

Spirit Super’s Balanced (Mysuper) investment option has underperformed the median over 1, 3, and 5 years.
Spirit Super’s Growth Investment option has underperformed over 1 year but outperformed the median over 3 and 5 years.

Spirit Super Fees

Spirit Super’s fees are below the median compared to other funds listed on Review My Super.

Spirit Super Insurance

Spirit Super offers life, TPD and income protection Insurance to their members.
There are two levels of default cover, default A and default B. If you work for an eligible employer, you may be provided with default B cover, which includes default income protection cover. The cover amounts and premiums are age based. You can apply to increase your cover above the default rates, with the following limits:
Death – $5 million.
TPD – $3 million.
Income protection – The lesser of 75% of your monthly income plus up to 10% super contributions or $30,000.
Insurance is provided by MetLife. You can compare the wider market and have the premiums paid via your super. Compare insurers here.

Spirit Super Financial Advice

Spirit Super can provide General and limited personal advice at no additional cost.
Spirit Super also provide Comprehensive personal advice. This will be provided by a financial adviser and a Statement of Advice issued, this will most likely come at a cost.
Advice is provided by Quadrant First Pty Ltd is a wholly owned company of Motor Trades Association of Australia Superannuation Fund Pty Limited, the trustee of Spirit Super.
A benefit of seeking advice through Spirit Super is it is free for general and basic advice and the advisers will be very familiar with Spirit Super and all its options.
A downside is they will not likely recommend funds other than Spirit Super, even if there are more suitable options.
To speak with an advisor that can consider all available funds and insurers in the market, please fill out the ‘Speak To An Advisor’ form on this page.

Frequently Asked Questions

Spirit Super’s growth and conservative options have slightly out performed the median and their balanced option has slightly under performed the median for My Super options. Fees are about average for My Super options. You could say it’s not a bad fund. However, it has not made the top funds lists.

Yes, Spirit Super is an APRA fund.

No, Spirit Super is regulated by APRA.

Yes, Spirit Super is an industry fund.

Spirit Super is a not-for-profit fund with an industry membership base.

Yes, anyone can join Spirit Super.

4.4 8 Reviews
How would you rate
3.7 3 Reviews
Service
3.7 3 Reviews
Performance
3.7 3 Reviews
Fees
2.3 3 Reviews
Insurance
2.3 3 Reviews
Transparency
guest
How would you rate
Service
Performance
Fees
Insurance
Transparency
8 Reviews
Most Votes
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J M Fitz
J M Fitz
2 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

cash in a flash..

Anonymous
Anonymous
27 days ago
How would you rate :
     

Awesome

Anonymous
Anonymous
26 days ago
How would you rate :
     

Great service

Anonymous
Anonymous
26 days ago
How would you rate :
     

I’m more than happy with the service and performance of this fund (previously Tasplan).

Anonymous
Anonymous
16 days ago
How would you rate :
     

Great returns in the long term and very consistent, reliable customer service. Ex Tasplan member pre-merge

Anonymous
Anonymous
3 days ago
How would you rate :
     

Fantastic super fund! Couldn’t be happier with how they manage my money

Anonymous
Anonymous
3 days ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Loving spirit super! Keep up the good work

F.wiggins
F.wiggins
2 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Service is non existent. Response to queries is just quoting standard blah blah. No genuine answer or solution to my problems. The merger from MTAA was very poorly done.
Now they are refusing to transfer my account balance to my new fund…… my money !!!
Absolutely pathetic !

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4.4 8 Reviews
How would you rate
3.7 3 Reviews
Service
3.7 3 Reviews
Performance
3.7 3 Reviews
Fees
2.3 3 Reviews
Insurance
2.3 3 Reviews
Transparency
guest
How would you rate
Service
Performance
Fees
Insurance
Transparency
8 Reviews
Most Votes
Newest Oldest
Inline Feedbacks
View all review
J M Fitz
J M Fitz
2 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

cash in a flash..

Anonymous
Anonymous
27 days ago
How would you rate :
     

Awesome

Anonymous
Anonymous
26 days ago
How would you rate :
     

Great service

Anonymous
Anonymous
26 days ago
How would you rate :
     

I’m more than happy with the service and performance of this fund (previously Tasplan).

Anonymous
Anonymous
16 days ago
How would you rate :
     

Great returns in the long term and very consistent, reliable customer service. Ex Tasplan member pre-merge

Anonymous
Anonymous
3 days ago
How would you rate :
     

Fantastic super fund! Couldn’t be happier with how they manage my money

Anonymous
Anonymous
3 days ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Loving spirit super! Keep up the good work

F.wiggins
F.wiggins
2 months ago
How would you rate :
     
Service :
     
Performance :
     
Fees :
     
Insurance :
     
Transparency :
     

Service is non existent. Response to queries is just quoting standard blah blah. No genuine answer or solution to my problems. The merger from MTAA was very poorly done.
Now they are refusing to transfer my account balance to my new fund…… my money !!!
Absolutely pathetic !