Changes to TelstraSuper’s MySuper Lifecycle

We’re changing our MySuper arrangement with the aim of helping you get ahead

We’re committed to providing our members with flexible investment options covering all major asset classes to suit all types of investors. We regularly review these options and changes are made from time to time.

From 1 October 2023, we made changes to our MySuper Lifecycle and the default investment arrangement (for Defined Benefit Voluntary Accumulation Account [VAA] holders) with the aim of helping you get ahead.

We recognise that people are working and living longer and that members could benefit from a longer exposure to growth assets over the course of their super journey. That’s why we’ve redesigned the investment stages within our MySuper Lifecycle so that your super is exposed to the level of risk and return that we consider most appropriate for your age.

Please note, the changes detailed below will also apply to the Defined Benefit VAA default investment arrangement.

Here’s what’s changed 

From 1 October 2023, we introduced a new MySuper Moderate investment stage for those aged between 65 and 70 years. MySuper Moderate is expected to provide lower levels of return and short-term investment risk than MySuper Super Growth and MySuper Balanced but higher levels than MySuper Conservative.

We’ve also raised the age-based thresholds at which MySuper members are transferred into more defensive investment stages.

Under this new MySuper Lifecycle, your exposure to growth assets will still reduce as you age, just more gradually than before:

  • Younger MySuper members will remain in MySuper Growth for an extra five years until age 50, rather than being automatically transferred into MySuper Balanced at age 45.
  • Older MySuper members will be invested in MySuper Moderate for five years at age 65, rather than rather than being automatically transferred into MySuper Conservative.

The table below outlines how your account balance invested in MySuper will automatically move to the new age-based investment stages:

MySuper Lifecycle from 1 October 2023
 Member age Investment stages
Under 50 MySuper Growth
50 to under 65 MySuper Balanced
65 to under 70 MySuper Moderate
70 and over MySuper Conservative

You can see the asset mixes for the investment stages included in the TelstraSuper MySuper Lifecycle website.  

Want to know more about your investment options

To view your current investment option(s) and balance please log in to SuperOnline. Please note, from 1 October, it will take a few days for SuperOnline to show the relevant investment stage for MySuper members. 

For information about all our investment options, please read the relevant Product Disclosure Statement and Investment Guide available at telstrasuper.com.au/pds

If you need help with your investment option(s), TelstraSuper Financial Planning offers general and simple personal advice at no additional cost as part of your membership. Or for more tailored advice you can speak with a TelstraSuper Financial Planner. To view the advice options available, visit telstrasuper.com.au/advice

Book a chat

We’re here to help

If you have any questions about these changes or any other aspect of your TelstraSuper account, please call us on 1300 033 166 .

*There is no guarantee that a longer exposure to growth assets will in fact lead to a higher account balance. There are many variables, including the timing of when you make contributions. Past performance is not a reliable indicator of future returns.

This general advice has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement and target market determination which is available on the Website or by calling 1300 033 166. You may wish to consult an Adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166

Frequently Asked Questions

  • Why are you making these changes?

    Our changes follow careful consideration of the level of risk and return that we consider most appropriate for the different age cohorts of our MySuper members. These changes will increase the length of time that MySuper members are exposed to growth assets over the course of their journey to retirement. Based on historical performance*, extending the time that MySuper members are exposed to growth assets at different stages of their working life can be expected to deliver a higher retirement balance. As MySuper members get older, their exposure to growth assets will still reduce, just more gradually than previously.

    *There is no guarantee that a longer exposure to growth assets will in fact lead to a higher account balance. There are many variables, including the timing of when you make contributions. Past performance is not a reliable indicator of future returns.
  • Who is impacted by these changes?
    These changes only apply to members with a holding or interest or balance in our MySuper investment strategy. If you are invested in any other investment options, or are a RetireAccess member, these changes do not apply to your super balance.
  • When are these changes happening
    The new MySuper lifecycle investment strategy will apply to all members with a holding or interest or balance in a MySuper investment option effective 1 October 2023.
  • What if I don't want to be moved?
    You can change how your super is invested anytime via your SuperOnline account or by completing an Investment Choice form available at telstrasuper.com.au/forms You will also need to update your future contribution allocation (if applicable).
  • What do I need to do?
    You don’t need to do anything. You can change how your super is invested anytime via your SuperOnline account or by completing an Investment Choice form available at telstrasuper.com.au/forms You will also need to update your future contribution allocation (if applicable).