What kind of account are you looking to open?
If you’ve recently joined the workforce, changed jobs or are switching from another fund, you could be looking to open a superannuation account.
If you’re ready to retire, if eligible, you could turn your super into a regular income with a Choice Income account-based pension. If you'd like to reduce your work hours in the lead up to retirement, you could supplement your income with a Transition to Retirement (TTR) Income account2 if you're eligible.
Low admin fees
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Strong long-term performance
How to open a super account
By opening an account with us, you’ll join over 3.5 million members6. Follow the steps below to open your account with AustralianSuper.
Don’t forget to tell your employer where to pay your super, and if you’ve got more than one account, consider transferring your super to your new account7.
Make sure you read the PDS and TMD to ensure the product is right for you.
Steps to open a super account
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1. Start the join form online
It’s easy to join online, and you can save your progress as you go so you can come back to it later if you need. If you want to transfer super from another account, you can do this after you’ve opened your AustralianSuper account.
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2. Enter your personal details
Get your personal information ready so you can enter it into the join form. Giving us your tax file number is optional, but you may be taxed more if you don’t provide it.
You’ll need:
- Full name
- Date of birth
- Residential address
- Postal address (if different)
- Email address
- Mobile phone number
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3. Choose your investments (optional)
Choose how you want your super to be invested. AustralianSuper has a range of investment options to help suit your personal needs and goals.
If you don’t want to choose, you can skip this step, and your funds will be invested in the default Balanced option. You can see its performance and others on the Our performance page.
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4. Choose your insurance (optional)
Opening a super account with us gives you access to insurance cover options8. You can skip this step, and if eligible, we’ll automatically provide you with a basic level of cover when you join9.
You can apply to change your cover through the AustralianSuper app or your account online. If you have existing insurance with another provider, find out how to transfer this across to your AustralianSuper account.
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5. Nominate beneficiaries (optional)
The final thing to consider is nominating someone to receive your super when you die. If you want more time to think about your options, you can skip this step and come back to it later in your account online.
How to open a retirement account
Turn your super into regular income, while your balance stays invested.
To open an account, you’ll need to satisfy the eligibility criteria:
- Be an Australian citizen, permanent resident, a New Zealand citizen or hold an eligible retirement visa
- Be over 60
- For Choice Income: be permanently retired, stopped working for an employer since turning 60, or be over 65.
Make sure you read the PDS and TMD to ensure the product is right for you.
Steps to open a retirement account
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1. Start the join form online
You can open a Choice Income or Transition to Retirement (TTR) Income account online. Save your progress and come back to it later if you need to.
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2. Enter your personal details
Get your personal details ready. You’ll need to enter your:
- Full name
- Date of birth
- Residential address
- Postal address (if different)
- Email address
- Mobile phone number
- Super account details
- Bank account details
We’ll also need your driver’s license, Australian passport or Medicare card details to verify your identity online. For TTR Income, it’s optional to provide your tax file number.
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3. Move funds into your account
For Choice Income: You must transfer at least $50,000 from your super into your Choice Income account. Note, you can’t add any more money once it’s been opened.
Setting up your Choice Income account
For TTR Income: You must transfer at least $25,000 from your super into your TTR Income account. Note, you can’t add any more money once it’s been opened. If the existing super account you’re transferring from needs to stay open, check with your super fund about what you need to do.
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4. Set up your payments and investments (optional)
Payments
Choose how often you receive your payments and how much they are. Government prescribed minimum drawdowns apply and for TTR Income, there’s also a maximum percentage of your balance you can receive each year.
Payment frequency options include fortnightly, monthly, quarterly, biannual, or annual payments.
Investments
Choose how you’d like your funds to be invested. Our PreMixed options range from Stable to High Growth to help suit your personal needs and goals. You can be more hands on with our DIY Mix options, or get more choice and control of your investments with Member Direct. Member Direct is only available in Choice Income, not TTR Income.
View our performance or explore our Investment options.
Set up with Smart Default
If you’re not sure what to do, you can choose our Smart Default option and let us do the setup for you. You can change your payment frequency and investments later in your account online.
The Smart Default option provides a pre-set approach to investment and payments:
- Investment option: 12% of your money will be invested in Cash, and 88% in our Balanced option
- Payment frequency: You’ll receive at least 6% of your balance yearly through fortnightly payments
- Flexibility: You can change your payment and investment options at any time.
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5. Nominate beneficiaries (optional)
Nominate a beneficiary who will receive your account balance when you die. If you’re not sure, you can skip this step and nominate someone later.
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Important information to consider
- Source: APRA Quarterly fund-level superannuation statistics March 2025. Released 26 June 2025.
- Transition to Retirement (TTR) can be complex and isn’t suited to everyone. It’s a good idea to get financial advice before deciding if a TTR Income account is right for you.
- Source: Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403). Chant West Super Fund Fee Survey June 2025. Survey compares administration fees and costs for MySuper products for a $50,000 balance. AustralianSuper’s MySuper product is the Balanced option. Other fees and costs apply. Fees may change in the future which may affect the outcome of this comparison.
- Reader's Digest Most Trusted Brands – Superannuation category winner for 13 years running 2013–2025, according to research conducted by research agency Catalyst Research. Awards and ratings are only one factor to be taken into account when choosing a super fund. Read the full methodology.
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60–76) Index to 30 June 2025. Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.
- AustralianSuper has a total of 3.57 million members and $387.6 billion in member assets as at 30 June 2025.
- Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice. If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your other fund before you combine your super.
- AustralianSuper insurance is provided by TAL Life Limited (the Insurer) ABN 70 050 109 450, AFSL 237848.
- The cover provided automatically is based on your division, age, account balance and if you are receiving employer contributions. You can apply to increase, decrease, cancel or change your cover anytime. Age limits and other conditions apply. Read the Insurance in your super guide for more information.
- 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.