CareSuper review
Industry fund, originally for professional and service sectors.
Who it's best for
Members who want a stable, mid-sized industry fund with solid defaults.
The good
- Consistent, if unspectacular, long-term returns
- Reasonable default insurance
- Merging with Spirit Super as of late 2024 — scale improving
The less-good
- Returns slightly below peer leaders
- Merger execution risk in the near term
The numbers in detail
| MySuper product | Balanced |
|---|---|
| Asset mix | Growth 70 / Defensive 30 |
| Fixed admin fee | $78/yr |
| % fee (investment + indirect) | 0.71% |
| Insurance default | Default death, TPD, income protection (opt-out) |
| Choice options available | 8 |
| APRA performance assessment | Performing |
How CareSuper compares
Run CareSuper through our fund comparison tool alongside AustralianSuper, Hostplus, and UniSuper at your actual balance — the dollar fees at $50k can look very different at $250k or $15k, and the ranking sometimes flips. You can also project your own retirement outcome with its fee and return using the retirement projection calculator.
Switching to (or from) CareSuper
Switching supers involves four steps that matter: check the insurance you'd lose when closing, update your employer's Standard Choice form so SG flows to the right place, consolidate via myGov, and confirm the rollover lands. Our consolidation guide has the full walkthrough.
The official source
Always verify current fees, insurance terms and investment options on the fund's own PDS before making a decision. caresuper.com.au has the latest. The figures on this page are indicative and updated periodically from the APRA heatmap and the fund's PDS.
General information only — not financial advice. Super decisions are long-term; verify with a licensed adviser. Figures on this page are indicative — verify on the fund's PDS.