🌱 A Pioneering Spirit CareSuper was established in 1986, making it one of Australia's first industry super funds. It was created with a specific focus on providing superannuation for the many professional and office-based employees not covered by other funds at the time.
🤝 Run Only for Members Headquartered in Melbourne, CareSuper is a proud industry super fund that operates only to benefit its members, not shareholders. Now open to all Australians, the fund maintains its commitment to putting the financial interests of its members first.
🏆 A Focus on Performance CareSuper is dedicated to delivering strong, sustainable investment returns over the long term. The fund's core mission is to provide its members with the best possible retirement outcomes through expert investment management and high-quality service.
Assets Under Management
$53 Billion
Total Members
600,000 Members
ESG Options
Ethical Options
Est. Annual Fee
$403 on $50k
CareSuper's default Balanced option targets a 72/28 growth-to-defensive asset allocation. The portfolio invests across Australian and overseas shares, property, and infrastructure, with a diversified mix designed to deliver long-term growth while managing short-term volatility. CareSuper uses external investment managers and does not charge buy-sell spreads, which helps reduce the cost of rebalancing. The option has returned 7.4% per annum over ten years to 30 June 2025.
At an estimated $403 per year on a $50,000 balance, CareSuper sits below the industry median of $467. The fund's competitive fee structure includes a capped percentage-based administration fee ($67.60 plus 0.15% of the account balance, capped at $817.60 per year) and no buy-sell spreads, joining fees, or switching costs, which helps keep total costs low for members.
CareSuper suits Australians looking for a well-established, low-cost industry fund with a solid long-term performance track record. It is particularly well-suited for professional and office-based workers seeking a reliable default option, and for members who value a profit-to-member structure combined with access to a Direct Investment option and multiple levels of financial advice.
Default Option as at 30 June 2025
| Option Name ↑ | 1 Year ↕️ | 3 Year ↕️ | 5 Year ↕️ | 10 Year ↕️ |
|---|---|---|---|---|
| Alternative Growth | +7.62% | +8.22% | +7.13% | +7.72% |
| Australian Shares | +12.20% | +10.27% | +10.31% | +10.54% |
| Balanced | +7.65% | +8.41% | +7.23% | +7.98% |
| Capital Stable | +5.97% | +6.32% | +4.73% | +4.95% |
| Cash | +3.78% | +3.90% | +2.68% | +2.16% |
| Conservative Balanced | +6.59% | +7.47% | +5.72% | +6.09% |
| Fixed Interest | +4.01% | +3.79% | +1.28% | +2.02% |
| Growth | +8.77% | +9.83% | +8.32% | +9.08% |
| Overseas Shares | +7.30% | +14.48% | +9.13% | +10.89% |
| Property | +4.76% | -1.48% | +2.84% | +5.52% |
| Sustainable Balanced | +8.27% | +8.17% | +7.37% | +8.05% |
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