Protecting your super

Changes to all super funds

There have been some superannuation legislative changes that may impact your Student Super account. From 1 July 2019, if your balance is below $6,000:
  • The total of administration fees, investment fees, and indirect costs charged on your account will be capped at 3% per annum.
  • And if your account has been inactive for 16 consecutive months, we are required to transfer your account balance to the Australian Taxation Office (ATO) to hold on your behalf.
Exit fees will no longer be charged!

Staying with Student Super

Staying with Student Super gives you access to these benefits:
  • Zero admin fees for balances under $1,000. See our Fees & discounts page or PDS for details.
  • A loyalty discount program that starts when your balance reaches $1,000
  • Combine other super accounts with our 'Transfer my super' feature.
  • Bring your super with you when you change jobs with our prefilled super choice form, and
  • A fully featured app which lets you keep track of your money.

How to keep your account active

If you want to ensure your super is not transferred to the ATO due to inactivity, you can:

What happens to inactive accounts?

If you don’t take any action to make your account active, your account balance will be transferred to the ATO to hold on your behalf, once your account has been ‘inactive’ for 16 consecutive months.
The ATO has 28 days after receiving your account balance to reunite you with your money via an active superannuation account in your name, so long as the active account will hold a balance of greater than $6,000. If the ATO can’t locate an active super account for you, it will continue to hold on to your account balance on your behalf.

More questions - we’re here to help

If you have any questions about keeping your account active with Student Super, please contact us on 1300 646 960 or email us at hello@studentsuper.com.au.
You may also want to speak to an independent financial adviser to get advice on whether your super account is right for you.
ABN 43 905 581 638
USI 43 905 581 638 021

Student Super

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You should consider the Product Disclosure Statement, Reference Guide, Financial Services Guide and Target Market Determination before making a financial decision about this product.

This is general information only and does not take account of your personal objectives, financial situation or needs. Before acting on it, consider if the information is appropriate and whether you need to speak to an accredited professional. When considering financial returns, past performance is not indicative of future performance.

This product is issued by Diversa Trustees Limited (ABN 49 006 421 638; AFSL No. 235153; RSE Licence L0000635) as trustee for Professional Super which is a sub-fund of OneSuper (ABN 43 905 581 638; RSE R1001341). Professional Superannuation Management Pty Ltd (ABN 31 617 160 791; AFSL No. 499786) (PSM) is the Promoter of Professional Super, which is marketed under multiple brands including Student Super.

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