From 1 June 2022, the following changes to investment options apply:
- the Property, Balanced Plus and FlexiTerm Deposit options are closed and will no longer accept applications, contributions, switches or transfers in
- the RetirePlus and RetireStable options will only be available to pension members
- the RetirePlus and RetireStable options will not be available to accumulation and pre-retirement members
A new PDS will be issued 1 July 2022 to remove and clarify the availability of options (as applicable).
We update unit prices daily so you can keep up to date with how your super is performing. You can change your investment option/s as your needs and investment profile changes.
About unit pricing
Unit prices show the value of your investments, and MyLife MySuper calculates its unit prices daily.
Unit pricing is used to calculate investment returns for your super account, a bit like share prices in a company. As a MyLife MySuper member, you’re assigned a certain number of units, based on your super fund account balance. These units are then invested into your chosen investment option. Different investment options have different unit prices.
The value of your units can go up and down on any given day, the same as shares, depending on the performance of the investment option you have chosen.
When it comes to changing investment options, if we receive your request to change your investment options prior to 4pm AEST/AEDT on a business day, the change will be effective using the unit prices applied for that day. If the request is received after 4pm AEST/AEDT on a business day, the change will be effective the following business day. So, the value of your investment option (the unit price) may change between the time you switch online and when the switch takes effect.
For more information about unit pricing, please click the link below to read our Product Disclosure Statement and Target Market Determination (TMD) for the product.