Our team can answer your questions about your account at no extra cost, over the phone or virtually though comprehensive advice may involve a fee.
Grow Phase (members 55 and under)
When retirement is a long time away, you have time to ride the ups and downs of investment markets. This means your super can be invested in higher growth investments. These investments can rise and fall over short periods of time. However, in the long term they tend to grow your balance more than other investments.
During the Grow phase 100% of your balance is invested in our High Growth option. This phase lasts until you’re age 56, so your super has a long time to weather volatile markets and make the most of higher long-term returns.
Manage Phase (members between 56 and 65)
As you get closer to retirement, your super will have less time to ride out market changes. With Aware Super MySuper Lifecycle, we start changing your investment mix when you reach age 56. We'll gradually transition your investments away from the High Growth option into the Balanced option, and then into the Conservative Balanced option. Each year between the ages of 56 to 65, small investment changes will be made automatically to your account. This will gradually reduce your exposure to growth assets and will reduce your investment risk over time.
Enjoy Phase (members 65 and over)
In retirement, you will generally have a long-term investment horizon. Investing in some growth assets will help your savings, and your income, last for you. During the Enjoy phase of MySuper Lifecycle, 100% of your super is invested in the Conservative Balanced option. This option still takes advantage of growth opportunities but has less exposure to higher risk investments.
During the Enjoy phase of MySuper Lifecycle, 100% of your super is invested in the Conservative Balanced option. This option still takes advantage of growth opportunities but has less exposure to higher risk investments.
Read more about the 11 MySuper Lifecycle stages and how they work in our Investment and Fees Handbook