Important change to your Income Protection

We wrote to you in November 2025 about the upcoming change to your Income Protection1 (see the Important change to your Income Protection notice) and your options.

Here’s a summary about the change and information about what you can do.

What’s changing

You currently pay for basic age-based2 Income Protection from your super account. We’re reducing the amount of Income Protection you have to $1,000 a month of fixed cover2. This reduction will be effective from 28 February 2026.

See Review your insurance needs below for more details and the things to consider about your Income Protection.

Why we’re reducing your Income Protection amount

We’re reducing your Income Protection because you may be paying for too much cover and may not be able to claim the full amount if your annual salary is less than $25,000. The cost of your Income Protection reduces your retirement savings.

  • The maximum Income Protection benefit payment amount you can get if you’re eligible to claim is the lower of your cover amount or 85% of your pre-disability income and the payments may be reduced by income you receive from other sources. Up to 75% of your benefit payment is paid to you and up to 10% to your AustralianSuper account. The benefit payment amount may be less than the total amount of cover you’re insured for.
  • If your age-based Income Protection amount is more than 85% of your salary, you won’t be able to claim the full cover amount you’re paying for from your super account.
  • We estimated that your annual salary has been less than $25,000 for the last four financial years based on the gross Superannuation Guarantee contributions you’ve received in your AustralianSuper account.
  • The estimation doesn’t take into account other types of contributions including after-tax and salary sacrifice (before-tax contributions), contributions you may be receiving at any other super fund, your insurance needs and your financial circumstances. This also means if you’re self-employed and making personal contributions to your AustralianSuper account, these contributions aren’t included in the estimate.

Review your insurance needs

We don’t know your personal and financial circumstances, that’s why it’s important that you check your cover and review your insurance needs and circumstances.

  • Check how much cover (if any) might be right for you and your options if you do want to keep or change your Income Protection. You can use the insurance calculator to help you work out how much (if any) cover is right for you and what it might cost, based on your age as well as other personal and financial details.
  • Consider the impact of insurance costs on your retirement savings.
  • If you have insurance cover elsewhere, for example with another super fund, then you may want to consider whether you should keep both amounts of cover and if you will be able to claim it or not.
  • You may choose to keep your basic age-based Income Protection, or you may want to increase, decrease or cancel it based on your needs.
  • Check how much cover you have, use the AustralianSuper app or log into your account at australiansuper.com, go to Insurance, then Manage insurance.

As an AustralianSuper member, you also have access to a choice of help and advice options from simple, personal advice over the phone3, to more comprehensive, broader advice with a financial adviser4. Go to australiansuper.com/advice for more information.

Your options

You can choose:

  • To keep your basic age-based Income Protection. You need to let us know by completing the Keep your basic Income Protection form online by 20 February 2026. If you received your form by post and you don’t want to use the online form, you can complete and return it to us (see the instructions on the form).
  • For AustralianSuper to reduce your Income Protection to $1,000 a month of fixed cover, effective 28 February 2026. You don’t have to do anything. We’ll write to you to confirm we’ve reduced your cover.
  • To change or cancel your Income Protection. You can do this anytime by using the AustralianSuper app or logging into your account at australiansuper.com, or by completing the appropriate form at australiansuper.com/InsuranceForms
  • You may choose to keep your basic age-based Income Protection, or you may want to increase, decrease or cancel it based on your needs.

Read the full details of the change and your options in the Important change to your Income Protection notice.

More information and help

Frequently asked questions

Can’t find the answer to your question here? Our FAQs might have the answer.

view our faqs
  1. AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450, AFSL 237848.

  2. Based on the gross Superannuation Guarantee contributions received for the last four financial years in your AustralianSuper account, your estimated annual salary is less than $25,000 indicating that basic age-based Income Protection may be unsuitable for you. This estimate does not take into account contributions you may be receiving at any other super fund, your insurance needs and your financial circumstances.

  3. There’s no charge for general advice about your super account. The financial advice you receive will be provided by MUFG Retire360 Pty Limited ABN 36 105 811 836, AFSL 258145 and will be their responsibility. Personal advice provided may attract a fee, which will be outlined before any work is completed and is subject to your agreement.

  4. Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Fees may apply.
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