Published: 06/06/2023
Category: Member Benefits
Published: 06/06/2023
Category: Member Benefits

Care Super

Like most important decisions in life, there’s no one-size-fits-all when it comes to choosing how to invest your super.

While most CareSuper members have their super invested in our Balanced investment option (a diversified option that aims to deliver strong long-term returns), members can choose to invest in one or a combination of our 13 different investment options.

If you’re worried about your balance fluctuating due to share market volatility, it’s important to realise you haven’t lost anything unless you switch your investment option or you take money out of super (which is called ‘crystalising a loss’).

When choosing the right investment option(s) for you, it’s important to weigh up your attitude towards risk against potential long-term growth. We know nobody likes to see their account balance go backwards and it’s tempting to change your investments when conditions are uncertain. But there are a few things to consider.

Here are some tips to help you find the right investment choice to suit your future goals.

1. Work out your timeframe

How long until you start spending your super? Your investment timeframe can be a big factor when it comes to choosing an investment option that’s right for you. As a very general rule, the longer your super is going to be invested, the more risk you may be able to take. On the other hand, if you’re planning to withdraw super soon, you might consider a lower risk approach.

2. Decide how much risk you’re comfortable with

Once you’ve worked out your timeframe, consider how much risk you’re prepared to take on. In general, higher risk options tend to have higher return targets over long-term periods, but they’re more likely to be volatile over the short term. It’s important to choose a balance between risk and return that sits right with your timeframe and future goals.

3. Determine your future spending goals

Think about how much you’ll spend each year when you finish work. (Keep in mind, with inflation, things are likely to cost more than they do now.) If super’s going to be your main source of income, how much will it need to grow from contributions and investment returns? Each of our investment options have different return targets, so it’s worth having a goal in mind when you’re looking at your choices. 

4. Speak to a financial planner to help you find your perfect fit

There’s plenty of choice when it comes to investing your super, and the perfect fit is different for everyone. It’s important to get financial advice before you switch. CareSuper members can access advice about their super over the phone as part of their membership.*

To learn more about CareSuper visit or contact Tara Lombardi, Business Development Manager, Partnerships at [email protected].

* Financial advice obtained over the phone, or through MemberOnline, is provided by Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence #411766.

Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. 

This information is general advice only and does not take into account your particular financial needs, circumstances or objectives. You should consider your own investment objectives, financial situation and needs and read the appropriate Product Disclosure Statement and Target Market Determination before making an investment decision. You may also wish to consult a licensed financial adviser. 

CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226. CARE Super (Fund) ABN 98 172 275 725. 

Choosing the right investment option for your super

Choosing the right investment option for your super