When will you receive your statement?
Choice Income/TTR Income
From 19 August
From 20 September
A message from Ian Silk, Chief Executive
2020/21 Financial year update
30 June 2021
What an extraordinary year 2020/21 was. From July to December, we all experienced the uncertainty of lockdowns, a recession and underlying stress. From January, there’s been a sense of growing optimism – we can see our economy rebounding and unemployment rates going down
From an investment perspective, AustralianSuper delivered for members a 20.4%* return for the Balanced option – which is where the vast majority of you are invested. This is the highest financial year return in the Fund’s history. In fact, the more telling 3-year average return has been 9.6%* per annum. And the long term 10-year average was 9.7%* per annum. These are excellent outcomes for members, and a significant boost to your retirement savings.
I’m pleased to say that AustralianSuper remains a top ranked fund†.
While we’re delighted with these results, we do expect much more moderate returns in the medium to long term as we move through the market cycle.
In more good news for Australian workers, from 1 July this year, the Superannuation Guarantee increased from 9.5% to 10%.
AustralianSuper was launched 15 years ago and all our actions and decisions have been and continue to be made in your best financial interests. Today, as Australia’s largest super fund, over 2.4 million Australians, like you, trust us to manage more than $230 billion‡ of their retirement savings. This year we’ve been named as Australia’s most trusted superannuation brand for the ninth year in a row§.
And finally, on a personal note, after 15 years as Chief Executive of this fantastic super fund, I’m resigning. It’s been an enormous honour to lead the largest and best performing fund in the country. And I’m absolutely delighted that Paul Schroder will be the new Chief Executive. Paul has been a senior executive with the Fund for more than 14 years, and most recently as our Chief Risk Officer. Paul is an exceptional individual, and AustralianSuper – and your retirement savings – could not be in better hands.
*Returns as at 30 June 2021. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
†SuperRatings Fund Crediting Rate Survey, SR50 Balanced (60-76) Index 30 June 2021. AustralianSuper returns for periods before 1 July 2006 are from equivalent investment options of the ARF and STA super funds.
‡As at 30 June 2021.
§Reader’s Digest Most Trusted Brands – Superannuation category winner for nine years running 2013-2021 according to research conducted by independent research agency Catalyst Research.
This may include general financial advice which doesn’t take into account your personal objectives, situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/pds or by calling 1300 300 273. AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.
When will I receive my 2020/21 annual statement?
From 19 August, Choice Income and TTR Income statements will be emailed and mailed.
From 20 September, accumulation statements will be emailed and mailed.
Members who have registered their email address with AustralianSuper will receive an email notifying them that their statement is available to view in their online account.
When will I see my 2020/21 annual statement appear in my online account?
We will send you an email once your annual statement is ready to view online. This will be from 19 August for Choice Income or TTR Income members and 20 September for accumulation members.
If you have an online account, you can download your statement. Just log into your account and follow the prompts to your communications inbox. If you don’t have an online account yet, you can register for one in just a few minutes.
Once registered for an online account, you can view your statement on our app.
Why did you send me a paper statement when I asked for email?
If you selected email as your communications preference and we were unable to successfully send you an email notification, we posted you a paper statement. You may want to check we have a valid email address for you. You can check or update your contact details through your online account.
What’s included in this year’s statement?
Members will receive:
- a letter from AustralianSuper CEO Ian Silk
- 2020/21 annual statement
How do I update my contact details?
How do I change my contact preference from email to mail OR from mail to email?
What’s a retirement income projection?
A projection is an estimate of how much income you could get when you retire, based on a number of assumptions and the balance in your AustralianSuper account at 30 June 2021.
The amounts are shown in today’s dollars and are based on a specific set of assumptions prescribed by the regulator, ASIC. If you have a projection graph on your statement, the relevant assumptions are covered on page 2 of your statement.
Why didn’t I get a projection on my statement?Whether you received a projection on your statement depends on factors such as your age, how your super is invested, whether you’ve received or made contributions recently, whether you’ve given us your tax file number and whether you’re already retired or transitioning to retirement.
If I want to calculate how much I need to retire, how can I do that?
You can use our online Super Projection Calculator. It helps estimate how much money you could get in retirement, how long your super could last and how adding a few extra dollars to your super now, could make a big difference when it’s time to retire.
Why is the projection on my statement different from the one I get when I enter my details into the Super Projection Calculator?The results provided by the Super Projection calculator will be different to those on your statement, mainly because your statement projection was based on your full date of birth while the calculator results are based only on the age you enter.
Also, the assumptions in the projection on your statement may not be identical to the assumptions in the Super Projection Calculator. You can see the relevant assumptions on your statement and within the online calculator.