CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 RSE L0000956 CARE Super (Fund) ABN 98 172 275 725
Disclaimer: This Annual Report is issued by the Trustee of CARE Super, CARE Super Pty Ltd ABN 91 006 670 060, the holder of Australian Financial Services Licence 235226.
The information contained in this Annual Report is about CARE Super and is not intended as financial advice. It does not take into account specific needs, so members should look at their own personal position, objectives and requirements before taking any action. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. The Trust Deed is the legal document governing your superannuation benefit. Other information about CARE Super: a copy of the Trust Deed, Investment Policy Statement, the Fund’s audited accounts are available upon request. You should also obtain and read the Product Disclosure Statement before making any investment decision. If you would like to see these documents, please go to caresuper.com.au or call the CareSuperLine on 1300 360 149.
Our approach to fees
CareSuper is a ‘profit for members’ fund committed to maximising members’ retirement savings. Our fees are structured only to cover costs, not to make a profit for shareholders.
CareSuper always aims to minimise investment fees, but we’re also focused on achieving strong long-term returns, which have a significant impact on members’ account balances. This combination of fees and investment returns is why we highlight the importance of ‘net benefit’.
CareSuper's net benefit outperformance
What matters more – fees or investment performance?
It's about getting the balance right. A strong net benefit performance can make a world of difference to your super balance.
Over 10 years, CareSuper's Balanced option returned $26,000 more than the average net benefit of surveyed retail balanced options.
Earnings are over 1, 3, 5, 7 and 10 years as at 30 June 2017.
Past performance is not an indicator of future performance. Comparisons modelled by SuperRatings as at 30 June 2017, commissioned by CareSuper. Assumes a starting balance of $50,000 and initial salary of $50,000 and considers historical earnings and fees – excluding contribution, entry, exit and adviser fees. Compares the 10-year average difference in net benefit performance of CareSuper’s Balanced option and the balanced options of 77 retail funds tracked by SuperRatings, with a 10-year performance history. Outcomes vary between funds. This information is general advice only. You should consider your investment objectives, financial situation and needs and read the product disclosure statement before making an investment decision.
Find out more
For more information on the fees and costs associated with a CareSuper account, see Fees and other costs, or read the Pension Guide if you’re a pension member.Financial statements
In order to maintain a healthy Fund, the CareSuper Board keeps a close watch on investment performance and spending. The result is a financially fit Fund.
For a copy of the Fund's financial audited figures for the 2016/17 financial year, click here. For a copy of the Trustee's financial audited figures for the 2016/17 financial year, click here. For a printed copy of the financial statements, call the CareSuperLine on 1300 360 149.
