Super Steps uses three options – Growth, Balanced and Stable (see below) – to transition your savings from predominantly growth assets to predominantly income assets over time. With Super Steps, you will be automatically invested in Growth until the age of 45. Each year from the age of 45 to 50, the investment allocation will transition progressively and automatically from mainly Growth to mainly Balanced. Each year from the age of 51 to 64, the investment allocation will transition progressively and automatically from mainly Balanced to 100% Stable. See page 4 of the product disclosure statement for details of the transitions.
The investment mix changes on 1 April each year, not on your birthday or the anniversary of the date you joined the scheme. You cannot mix between Super Steps and the other five options. However, you can opt out of Super Steps whenever you choose. Super Steps is also the default investment option. We will invest your contributions in Super Steps if you don’t tell us how you would like your savings invested when you join the scheme.
Other investment options
If you prefer, you can build your own mix of growth and income assets by choosing one or a combination of five investment options. Each is made up of growth and income assets mixed in different amounts. The exception is Cash Plus which has no growth assets.
You can choose a different strategy for your existing account balances and for future contributions.