Be super sure
We’ve dropped our weekly admin fee and recognised loyalty to help our members save more. These changes give you even more reasons to be super sure.
Lower weekly admin fee
The weekly admin fee for all Cbus Super members^ has dropped, so more of your hard-earned money stays in your account.
Insurance Loyalty Rebate
We're giving eligible* long-term members a loyalty rebate on Death, Total and Permanent Disablement (TPD) and Income Protection (IP).
What’s changed?
We’ve dropped the weekly admin fee from $1.50 to $1. This fee helps us:
- Manage your account
- Give you online access
- Answer your questions and process your contributions
Why are we doing this?
For 40 years, we've been committed to delivering strong long-term returns. We believe your hard work deserves a secure retirement. That’s why we keep a close eye on our fees, making super sure you get great value and services at a competitive price.
What does this mean?
- More savings: With the weekly admin fee dropping to $1, you’ll save $26 a year
- No change in percentage fee: It remains at 0.19% of your account balance each year, capped at $1,000
^This reduction applies to all Cbus Super members, excluding Defined Benefit and Lifetime Pension members.
How it works
From 28 September 2024, you’ll be eligible for a rebate on your future insurance premiums if:
- You've held insurance for any period of time
- You first took out the insurance cover 10+ years ago
The rebate works like this:
- 2% off future insurance premiums if your cover was first activated 10-19 years ago
- 4% off future insurance premiums if your cover was first activated 20+ years ago
* If you joined Cbus Super from Media Super on April 9 2022, we’ll use the date you first joined Media Super to determine your eligibility. Former EISS accumulation members who transferred to Cbus Super on 12 May 2023, we’ll use the date you joined EISS to determine your eligibility.
Member example+:
Let’s say your Death, TPD and IP cover costs $18 a week, or $936 a year, depending on your eligibility you could get:
- 10 - 19 years: You get a loyalty rebate of $18.72 a year
- 20+ years: You get a loyalty rebate of $37.44 a year
+ For illustrative purposes only.
This means more money is being put aside for your retirement. Over time, it really adds up, giving you another reason to be super sure with Cbus Super.
How do we deliver your Insurance Loyalty Rebate?
- Insurance premiums are calculated weekly and deducted monthly based on the number of Fridays in the month
- Eligible members will have the rebate credited automatically when we deduct insurance premiums. Members will see the rebate in their online account and annual statement
- Most eligible members will receive their first rebate at the end of October 2024
Please note this offer is not applicable for Retirement Scheme, Defined Benefit or Super Income Stream members.
For full terms and conditions, visit cbussuper.com.au/pds and read your Insurance Guide.
Past performance is not a reliable indicator of future performance.