Overview
Our Cash option invests in term deposits and other short-term interest-bearing investments such as bank deposits.
This option is not covered by the Government Guarantee (Financial Claims Scheme).
Why you’d invest
May suit members who:
- seek stable, but low, expected returns,
- want a very low risk, short-term investment, and
- want the ability to switch or withdraw (subject to meeting a condition of release) the funds invested. With the Cash option, members aren’t locked into a specific term.
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 before fees, costs and tax.
Timeframe
Up to 2 years
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
Less than 0.5 times
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. 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
Below is the option’s target asset allocation, effective 30 September 2025.
Scroll table horizontally on mobile
| Cash | Target |
|---|---|
| Cash | 100% |
Investment objective
To meet or exceed the return of the Bloomberg AusBond Bank Bill Index over rolling 12-month periods before fees, costs and tax.
Timeframe
Up to 2 years
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
Less than 0.5 times
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. 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
Below is the option’s target asset allocation, effective 30 September 2025.
Scroll table horizontally on mobile
| Cash | Target |
|---|---|
| Cash | 100% |
Investment objective
To meet or exceed the return of the Bloomberg AusBond Bank Bill Index over rolling 12-month periods before fees, costs and tax.
Timeframe
Up to 2 years
Minimum suggested investment timeframe.
Risk
Estimated number of negative annual returns over any 20-year period:
Less than 0.5 times
Short-term risk:
1 - Very Low
Long-term risk:
7 - Very High
* 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.
1 Includes ‘Investment fees and costs’ and ‘Transaction costs’, excludes ‘Administration fees’. Indicative only based on historical fee and cost data as at 30 June 2025. 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
Below is the option’s target asset allocation, effective 30 September 2025.
Scroll table horizontally on mobile
| Cash | 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.