It was established in 1986, as a retirement fund for people in professional, managerial, administration and service industries.

In the new year of 1987, companies were invited to participate in CareSuper, the first to join was Siemens Limited.

In July 2007, CareSuper introduced a Pension product, allowing members to stay with the fund as they move towards or commence retirement.

In 2011, retired Australian swimmer Giaan Rooney became the face of CareSuper.

It was announced in June 2023 that the fund would enter into a binding agreement to merge with Spirit Super.