Overview
Cash is a low-cost, single asset class investment option that invests in term deposits and other short-term interest bearing investments.
This option is not covered by the Government Guarantee (Financial Claims Scheme).
Why you’d invest
This might be a suitable option if you:
- want a very low risk, short-term investment with stable, but low, expected returns, and
- want the ability to switch or withdraw* the funds invested. With the Cash option, you aren’t locked into a specific term.
* Subject to meeting a condition of release.
While cash investments are considered low risk, the return you receive may not keep pace with inflation. Returns may be negative during periods of very low interest rates once all fees are taken into account.
Account type
- Future Saver
- Retirement Transition
- Retirement Income^
Investment Objective
To meet or exceed the return of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax.
Timeframe
Short term
(up to 2 years)
Risk
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
Estimated number of negative annual returns over any 20-year period: Less than 0.5 times.
Cost of product for $50,000 account balance1
$147
Calculation of the fees and costs that can affect your super investment over a 1-year period.
1 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
- choose one or more single asset class option, and
- don’t adequately diversify your investments,
you could be exposing your super to greater risk.
Asset Allocation
This is the target asset allocation for the option, effective 30 September 2024.
Scroll table horizontally on mobile
| Target | |
|---|---|
| Cash | 100% |
Investment Objective
To meet or exceed the return of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax.
Timeframe
Short term
(up to 2 years)
Risk
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
Estimated number of negative annual returns over any 20-year period: Less than 0.5 times.
Cost of product for $50,000 account balance2
$187
Calculation of the fees and costs that can affect your super investment over a 1-year period.
2 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. If you have insurance, premiums will apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
- choose one or more single asset class option, and
- don’t adequately diversify your investments,
you could be exposing your super to greater risk.
Asset Allocation
This is the target asset allocation for the option, effective 30 September 2024.
Scroll table horizontally on mobile
| Target | |
|---|---|
| Cash | 100% |
Investment Objective
To meet or exceed the return of the Bloomberg AusBond Bank Bill Index, over rolling 12-month periods. This is before taking into account fees, costs and tax.
Timeframe
Short term
(up to 2 years)
Risk
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
Estimated number of negative annual returns over any 20-year period: Less than 0.5 times.
Cost of product for $50,000 account balance3
$187
Calculation of the fees and costs that can affect your super investment over a 1-year period.
^As the Aware Super Term Allocated Pension (TAP) invests in the same way as Aware Super Retirement Income, this information also applies to members in the TAP.
3 The cost of product assumes a balance of $50,000. It includes administration fees. It also includes an estimate of ‘Investment fees and costs’ and ‘Transaction costs’. ‘Investment fees and costs’ and ‘Transaction costs’ are based on the fees and costs for the year ended 30 June 2024. Fees and costs can vary from year to year. The amount you’ll pay in future years will depend on the fees and costs incurred by the trustee in managing the investment option. Other fees and costs may apply. Refer to the relevant PDS or Handbook for more information.
Spreading your super across different types of assets is called diversification. This can help reduce the risk of negative returns. Keep in mind that if you:
- choose one or more single asset class option, and
- don’t adequately diversify your investments,
you could be exposing your super to greater risk.
Asset Allocation
This is the target asset allocation for the option, effective 30 September 2024.
Scroll table horizontally on mobile
| Target | |
|---|---|
| Cash | 100% |
You can choose to invest in one option or a combination of options. And you can switch your investment options at any time for free.
Frequently asked questions
We’re here to help you achieve your financial goals. We can provide simple financial advice, over the phone, to answer any questions.
You can speak to a qualified financial planner who can help you make investment choices that meet your financial goals.