What is MySuper?
MySuper is a low-cost, default superannuation investment option that is made up of a single, diversified investment option and a minimum level of insurance cover
MySuper was introduced a part of the Federal Government’s 2011 ‘Stronger Super’ reforms and is designed to provide simpler, cheaper and more easily comparable super funds for all Australians. That’s why all MySuper products have a regulated set of features.
Under MySuper legislation, if you do not choose the fund where you would like your employer’s superannuation guarantee contributions to go, your employer must make your super contributions to a default MySuper fund.