Telstra Superannuation Scheme — superannuation fund performance
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Telstra Superannuation Scheme reported A$29.0bn of total assets for 97,933 member accounts (average balance A$281k) in APRA's fund-level statistics for the year to 30 June 2025, with a one-year rate of return of 9.1%.
| Total assets | A$29.0bn |
| Member accounts | 97,933 |
| Average member balance | A$281k |
| 1-year rate of return | 9.1% |
| 5-year rate of return (annualised) | 7.7% |
| 10-year rate of return (annualised) | 6.2% |
| Investment options offered | — |
What running the fund costs
For its reporting year ended 30 June 2025, Telstra Superannuation Scheme ran on an operating expense ratio of 0.3% — the running cost per dollar of savings (0.5% is 50 cents per A$100 a year). Payments to related parties — companies connected to the fund's own trustee or owner group — came to A$73.6m, equal to roughly 105.6% of its administration bill (a related-party payment is disclosed, not improper — but it is worth knowing who the fund pays).
| Operating expense ratio | 0.3% |
| Investment expense ratio | 0.4% |
| Administration and operating expenses | A$69.7m |
| Marketing spend | A$1.2m (about A$13 per member account) |
| Executive remuneration (expensed to the fund) | A$4.4m |
| Director remuneration | A$1.3m |
| Payments to related parties | A$73.6m |
| Payments to industrial bodies | A$268k |
The annual performance test
Every year the regulator tests most super products against a benchmark portfolio — fail twice and the product must close to new members. As at 30 June 2025, 15 of this fund's products and options were tested, and every one of them passed:
| Product / option | Type | Test result | 10-yr return | Admin fee |
|---|---|---|---|---|
| TelstraSuper MySuper | MySuper | Pass | — | 0.3% |
| TelstraSuper Personal Plus — Balanced | Choice | Pass | 6.9% | 0.3% |
| TelstraSuper Personal Plus — Growth | Choice | Pass | 8.0% | 0.3% |
| TelstraSuper Personal Plus — Conservative | Choice | Pass | 4.8% | 0.3% |
| TelstraSuper Personal Plus — Moderate | Choice | Pass | 6.3% | 0.3% |
| TelstraSuper Corporate Plus — Growth | Choice | Pass | 8.0% | 0.3% |
| TelstraSuper Corporate Plus — Balanced | Choice | Pass | 6.9% | 0.3% |
| TelstraSuper Personal Plus — High Growth | Choice | Pass* | — | 0.3% |
| TelstraSuper Corporate Plus — High Growth | Choice | Pass* | — | 0.3% |
| TelstraSuper Personal Plus — Property | Choice | Pass | 6.8% | 0.3% |
| TelstraSuper Corporate Plus — Moderate | Choice | Pass | 6.3% | 0.3% |
| TelstraSuper Personal Plus — Diversified Bonds and Credit | Choice | Pass | 2.2% | 0.3% |
Showing 12 of 15 tested products/options for this fund (largest first).
Does the insurance pay out?
Most super accounts carry insurance, paid from your balance. The admittance rate is the share of finalised claims the insurer accepted in the year to 30 June 2025 — the single best number for "does this cover actually pay". Over the year it collected A$36.7m in premiums and paid out A$30.7m in claims (claims paid in a year often relate to earlier years' cover, so this is a cash-flow picture, not a loss ratio).
| Cover type | Claims accepted (1-yr) | Claims paid | Premiums collected | Insurer |
|---|---|---|---|---|
| Life insurance (death cover) | 100.0% | A$12.8m | A$15.0m | MLC Limited |
| Total & permanent disability (TPD) | 82.9% | A$13.9m | A$13.4m | MLC Limited |
| Income protection | 100.0% | A$4.0m | A$8.4m | MLC Limited |
The gender gap in this fund
In Telstra Superannuation Scheme, women's average balance was 35.1% lower than men's — from the fund-level member demographics APRA last published for the year to 30 June 2022:
| Average balance — female members | A$191k |
| Average balance — male members | A$295k |
| Member accounts (female / male) | 35,622 / 55,121 |
Compare Telstra Superannuation Scheme with similar funds
The funds closest to Telstra Superannuation Scheme in size, side by side — each with its own page for the fees, insurance and performance-test detail:
| Fund | Assets | 1-yr return | 10-yr return | Why comparable |
|---|---|---|---|---|
| Public Sector Superannuation Accumulation Plan | A$30.7bn | 10.5% | 6.9% | Similar size |
| Local Authorities Superannuation Fund | A$31.0bn | 7.0% | 6.8% | Similar size |
| Team Superannuation Fund | A$23.3bn | 10.0% | 6.6% | Similar size |
| Brighter Super Fund | A$36.8bn | 10.3% | 6.6% | Similar size |
| Netwealth Superannuation Master Fund | A$38.0bn | 9.0% | 4.8% | Similar size |
| equipsuper | A$38.2bn | 10.2% | 6.5% | Similar size |
Questions this page answers
How big is Telstra Superannuation Scheme?
Telstra Superannuation Scheme held A$29.0bn in total assets for 97,933 member accounts in the APRA fund-level statistics for the year to 30 June 2025.
What return has Telstra Superannuation Scheme delivered?
Telstra Superannuation Scheme reported a 9.1% one-year rate of return, and 6.2% a year over the past ten years, at whole-of-fund level in the APRA fund-level statistics.
What does Telstra Superannuation Scheme charge in fees?
Telstra Superannuation Scheme reported an operating expense ratio of 0.3% and an investment expense ratio of 0.4% for its reporting year ended 30 June 2025 — the running cost per dollar of savings (APRA fund-level statistics).
Did Telstra Superannuation Scheme's products pass the performance test?
15 of Telstra Superannuation Scheme's products and options were tested against the regulator's annual performance test as at 30 June 2025, and every one passed.
Does Telstra Superannuation Scheme's insurance pay out?
In its latest reported year Telstra Superannuation Scheme's default cover collected A$36.7m in premiums and paid A$30.7m in claims, per the APRA fund-level statistics.
See also: Australian super in numbers — marketing spend, expenses, the gender gap and two decades of consolidation across all APRA-regulated funds · all tracked plans.