Best super funds Australia

We've analysed the fees, performance returns and investment options of 50+ super funds to find you some of the best options in the market right now.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Switching to a top-performing super fund can help you retire with a lot more money. However, the best super fund for you isn’t necessarily the one with the best performance. You should also consider the fees, how the fund invests your money and if it aligns with your risk appetite and ethical values.

Find the best super fund for you

1 - 16 of 61
Name Last 1 year performance (p.a.) Last 3 year performance (p.a.) Last 5 year performance (p.a.) Last 10 year performance (p.a.) Fees on $50k balance (p.a.)
Last 1 year performance (p.a.)
-3.68%
Last 3 year performance (p.a.)
+4.56%
Last 5 year performance (p.a.)
+5.57%
Last 10 year performance (p.a.)
+7.89%
Fees on $50k balance (p.a.)
$587
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Industry fund
Last 1 year performance (p.a.)
-2.48%
Last 3 year performance (p.a.)
+5.81%
Last 5 year performance (p.a.)
+6.92%
Last 10 year performance (p.a.)
+9.1%
Fees on $50k balance (p.a.)
$663
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Lifestage
Last 1 year performance (p.a.)
-2.48%
Last 3 year performance (p.a.)
+5.38%
Last 5 year performance (p.a.)
+6.58%
Last 10 year performance (p.a.)
+8.54%
Fees on $50k balance (p.a.)
$557
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Industry fundHigher risk
Last 1 year performance (p.a.)
-7.54%
Last 3 year performance (p.a.)
+5.28%
Last 5 year performance (p.a.)
+6.92%
Last 10 year performance (p.a.)
+9.52%
Fees on $50k balance (p.a.)
$539
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Green CompanyEthical
Last 1 year performance (p.a.)
-8.5%
Last 3 year performance (p.a.)
+3.89%
Last 5 year performance (p.a.)
+5.82%
Last 10 year performance (p.a.)
+7.74%
Fees on $50k balance (p.a.)
$573
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Industry fund
Last 1 year performance (p.a.)
-2%
Last 3 year performance (p.a.)
+4.79%
Last 5 year performance (p.a.)
+5.91%
Last 10 year performance (p.a.)
+8.29%
Fees on $50k balance (p.a.)
$548
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Industry fund
Last 1 year performance (p.a.)
-3.71%
Last 3 year performance (p.a.)
+4.67%
Last 5 year performance (p.a.)
+6.04%
Last 10 year performance (p.a.)
+8.07%
Fees on $50k balance (p.a.)
$522
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Industry fundHigher risk
Last 1 year performance (p.a.)
+14.19%
Last 3 year performance (p.a.)
+8.72%
Last 5 year performance (p.a.)
+8.45%
Last 10 year performance (p.a.)
+8.9%
Fees on $50k balance (p.a.)
$638
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Last 1 year performance (p.a.)
-5.39%
Last 3 year performance (p.a.)
+4.07%
Last 5 year performance (p.a.)
+6.13%
Last 10 year performance (p.a.)
+8.45%
Fees on $50k balance (p.a.)
$336
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Industry fund
Last 1 year performance (p.a.)
-4.74%
Last 3 year performance (p.a.)
+4.96%
Last 5 year performance (p.a.)
+6.49%
Last 10 year performance (p.a.)
+8.78%
Fees on $50k balance (p.a.)
$447
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Industry fundHigher risk
Last 1 year performance (p.a.)
-0.96%
Last 3 year performance (p.a.)
+6.76%
Last 5 year performance (p.a.)
+7.31%
Last 10 year performance (p.a.)
+9.61%
Fees on $50k balance (p.a.)
$463
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Last 1 year performance (p.a.)
-1.59%
Last 3 year performance (p.a.)
+2.66%
Last 5 year performance (p.a.)
+4.32%
Last 10 year performance (p.a.)
+6.42%
Fees on $50k balance (p.a.)
$371
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Industry fundHigher risk
Last 1 year performance (p.a.)
-4.24%
Last 3 year performance (p.a.)
+6.41%
Last 5 year performance (p.a.)
+7.52%
Last 10 year performance (p.a.)
+9.54%
Fees on $50k balance (p.a.)
$597
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Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
-8.97%
Last 3 year performance (p.a.)
+4.37%
Last 5 year performance (p.a.)
+6.3%
Last 10 year performance (p.a.)
+8.72%
Fees on $50k balance (p.a.)
$708
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LifestageHigher risk
Last 1 year performance (p.a.)
-8.07%
Last 3 year performance (p.a.)
+3.72%
Last 5 year performance (p.a.)
+5.9%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$356
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Higher risk
Last 1 year performance (p.a.)
-4.74%
Last 3 year performance (p.a.)
+5.37%
Last 5 year performance (p.a.)
+6.46%
Last 10 year performance (p.a.)
+9%
Fees on $50k balance (p.a.)
$602
Go to siteMore Info
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Showing 16 of 61 results

The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

*Past performance data is for period ending December 2022 and fee data is updated monthly.

What's the best super fund in Australia?

When looking for the right super fund you need to look at a range of factors, not just the current year's returns.

Generally, a top performing super fund has the following features:

  • A history of high long-term returns (10-year returns)
  • Low fees (aim for annual fees less than 1-1.5% of your super balance)
  • An investment strategy that aligns with your age, risk tolerance, goals and personal values

There's no one super fund that is 'best' because we all want different things with our super. To help you narrow down your search, here are some of Finder's best super fund picks based on different features.

Here are our picks for the best super funds for June 2023:

Best industry super fund
AustralianSuper - Pre-mixed, Balanced option

-4.74%
1 year performance
+4.96%
3 year performance
+8.78%
10 year performance
AustralianSuper is an award-winning industry super fund and the largest super fund in Australia. The Balanced fund invests in a mix of different assets like shares, property and cash and is one of the best-performing funds over the long term.
We only looked at the industry super funds in our database that are part of Industry Super Australia. We compared the default investment option offered by each, and did not compare any alternative investment options. Of the funds compared, we looked at the annual fees charged on a $50,000 balance as well as the past 1, 3, 5 and 10-year performance returns. More weighting was applied to the 5- and 10-year performance returns than to the 1- and 3-year returns.
Superfund AustralianSuper - Pre-mixed, Balanced option
Fees on $5k balance (p.a.) $91.50
Fees on $50k balance (p.a.) $447
Fees on $100k balance (p.a.) $842

Best ethical super fund
Australian Ethical Super Balanced

-8.5%
1 year performance
+3.89%
3 year performance
+7.74%
10 year performance
Australian Ethical seeks to invest in companies that have a positive impact on the planet, people and animals, such as renewable energy and healthcare while avoiding investments in coal, oil, tobacco and gambling.
This product is selected as part of Finder's annual Green Awards. This award looked at each fund's current environmental performance, environmental targets and reporting and accreditation. It also analysed the fund's sustainable investment approach and the environmental performance of its portfolio.
Superfund Australian Ethical Super Balanced
Fees on $5k balance (p.a.) $118.50
Fees on $50k balance (p.a.) $573
Fees on $100k balance (p.a.) $1,078

Best low-fee super fund
UniSuper Balanced

-5.39%
1 year performance
+4.07%
3 year performance
+8.45%
10 year performance
UniSuper is an industry super fund with more than 620,000 members. Its Balanced option invests in a mix of different asset classes and charges some of the lowest fees of all default super products.
For this category, we looked at the default growth super funds in our database and filtered for the fund with the lowest annual fees based on a $50,000 balance. Single asset options and indexed options were excluded - we only looked at diversified, growth products.
Superfund UniSuper Balanced
Fees on $5k balance (p.a.) $120
Fees on $50k balance (p.a.) $336
Fees on $100k balance (p.a.) $576

Best life-stage or age-based super fund
Virgin Money Super - LifeStage Tracker

-8.07%
1 year performance
+3.72%
3 year performance
N/A
10 year performance
Virgin Money Super LifeStage Tracker is a lifestage super product, so your mix of investments will be continually readjusted in line with your age. This means you'll be invested in more growth assets while you're young, and more defensive assets as you near retirement.
For this category, we only considered super funds that offered a life-stage investment option as its default option. Of the funds compared, we looked at the annual fees charged on a $5,000, $50,000 and $100,000 balance as well as the past 1, 3 and 5-year performance returns.
We also looked at the number of different life stages the product offered. Funds that offered more life stages were ranked stronger than those with fewer life stages.
Superfund Virgin Money Super - LifeStage Tracker
Fees on $5k balance (p.a.) $87.85
Fees on $50k balance (p.a.) $356.50
Fees on $100k balance (p.a.) $655

Best-performing super fund
Hostplus Balanced

-2.48%
1 year performance
+5.81%
3 year performance
+9.1%
10 year performance
Hostplus is an award-winning industry super fund open to all Australians with a focus on the hospitality and retail sector. The Balanced fund invests your super in a broad range of assets and is designed for high long-term growth.
We looked at the default growth super funds in our database and compared the 10-year performance of each. If two funds had the same performance, preference was given to the fund with lower fees. We only looked at default growth options as this is where the majority of people have their super invested. We did not look at alternative investment options, such as high growth options, for this category. The investment period we used was the past 10 years up to June 2022.
Superfund Hostplus Balanced
Fees on $5k balance (p.a.) $165.57
Fees on $50k balance (p.a.) $663.49
Fees on $100k balance (p.a.) $1,216.74

Methodology: How we chose our Top Picks

Based on extensive user testing and many super fund comparisons, we've evaluated funds based on the top criteria people care about and narrowed it down into a few main categories.
However, keep in mind that our top picks may not always be best for you. Based on your situation, you may find certain features to be more or less important, so compare your options before you apply.
While we've compared the default product offered by more than 50 superannuation funds, we did not look at every superannuation product available in the market. We have largely excluded the additional super investment products offered by funds outside of their default product. The default product is where the majority of Australians have their super invested. The performance, fees and investment data for these products are supplied to Finder by leading super research group Chant West

Why it's important to make sure you're with a great super fund

Each year the regulator APRA analyses the market and identifies the worst super funds, which are underperforming for members. According to APRA data, in 2022 there were 350,000 fewer people in default super products with terrible investment performance compared to 2021, which is great news.

However, APRA data also shows that 800,000 people still have their super invested with an underperforming fund. If you haven't checked your fund in a few years, you could be one of them.

Benefits of a top-performing super fund

High returns will help your super balance grow bigger (and quicker!) than it would with lower returns.

However, performance isn't the only thing to think about when choosing a fund. You might decide the right fund for you is one that invests ethically, even though it may not be a top-performing fund.

How to pick the best super fund for you

There's no one super fund that is best for everyone (sorry!). Look for a fund with low fees and strong investment returns but also consider the following:

  • Your age. If you're young (under 45), you might want a super fund that has a bit more exposure to high-growth assets like shares and property. These assets offer higher capital growth over the long term so are best for members with a long timeframe. Once you get into your 50s, you might want to gradually reduce your exposure to high-risk growth assets (although you don't need to).
  • Your risk tolerance. Regardless of your age, you should invest your super in a fund that aligns with your personal risk tolerance. If having the majority of your super invested in high-risk assets like shares is going to keep you awake at night, you might want to consider a balanced fund instead of a high-growth fund. If you're happy taking on more risk and it's not going to cause you anxiety, a high-growth option might be suited for you.
  • Your investment preferences. There are specialty funds that suit investors with particular preferences. For example, Spaceship has a strong preference for international technology stocks.
  • Your personal values. If you don't want your super to be invested in industries like coal, fossil fuels, animal cruelty or ammunition manufacturing, you might want to consider an ethical super fund.
  • Your industry. There's no requirement to join a super fund that's dedicated to the particular industry you work in, but you might want to. for example, Cbus is the dedicated super fund for building and construction workers.

10 top-performing Australian super funds

The table below shows the top 10 growth super funds based on 10-year return, per annum to December 2022.

Super fund10-year return
Hostplus Balanced9.1%
AustralianSuper Balanced8.8%
Australian Retirement Trust Balanced Balanced8.6%
Cbus MySuper8.4%
UniSuper Balanced8.4%
CareSuper Balanced8.3%
HESTA Balanced Growth8.1%
Legal Super MySuper Balanced8.0%
Vision Super Balanced Growth8.0%
Aware Super Growth8.0%

The table above looks at growth super funds only using data from Chant West. Growth funds have 60-80% allocation to growth assets and are where the majority of Australians have their super invested.

Chant West senior investment research manager, Mano Mohankumar, said that even though super funds have seen a slight loss over the past year, it's important to look at the strong long-term returns. "Over the 30½ years since the introduction of compulsory super in July 1992, the median growth fund has delivered an annualised return of 7.8%, which is 1.7% p.a. ahead of the typical return objective of CPI +3.5% p.a."

"This [2022] was the first negative calendar year since 2011 and only the fifth in the full 30 years of compulsory super," Mohankumar said.

Investing in more growth assets means you'll have more of your super invested in Australian and international shares. Shares are one of the most volatile asset classes, meaning they rise and fall a lot, but they also tend to out-perform other assets in the long term. When you're young you have plenty of time for your super to recover after short-term market falls and the most to gain for long-term growth.

Alison Banney

Alison Banney

What's the best super fund for my age group?

While you're young (under 45-50) it's generally recommended you have your super in a Growth or High-Growth fund. These funds have more exposure to growth assets including shares, private equity and property, and less exposure to defensive assets like cash.

Some top-performing High Growth super funds include:

  • Aware Super High Growth
  • AustralianSuper High Growth
  • Cbus High Growth
  • HESTA High Growth

When you're a bit older (50+) you could consider moving your super from a High Growth fund to a Balanced or Conservative fund, to reduce your exposure to shares as you get closer to retirement.

Some super funds offer a life-cycle or life-stage investment strategy. These products invest your super in a mix of asset classes in line with your age, and continually adjust your investments as you get older so you don't have to switch between options.

Some life-stage super funds include:

  • Virgin Money Super Lifestage Tracker
  • Australian Retirement Trust Lifecycle Balanced

Why you can trust Finder's super fund experts

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Unlike other comparison sites, we're not owned by a super fund company. That means our opinions are our own and you can compare nearly every super fund in Australia on Finder.
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Since 2017, we've helped over 200,000 people find a super fund by comprehensively comparing funds. We'll never ask for your personal information. We're here to help you make a decision.

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    20 Responses

      Default Gravatar
      MariaMay 20, 2023

      Hi, I’m an international student (my plan is to get a PR eventually), and I am about to start 2 casual jobs; I do not know how to choose which is better for my situation. Could you please assist me with that?

      Thank you.

        Avatarfinder Customer Care
        AlisonMay 22, 2023Staff

        Hi Maria, we aren’t licensed to offer you any personal financial advice or product recommendations. In general when choosing a super fund it’s best to look for a fund that has a combination of low annual fees and a history of high long-term returns. If you’d like some personal recommendations it’d be best to speak to a financial adviser who can give you recommendations for your situation. Thanks, Alison.

      Default Gravatar
      BarbMay 15, 2023

      If the fees charged by on a Pension account are a percentage of your balance, how do you lose money by having more than one account?

        Avatarfinder Customer Care
        AlisonMay 16, 2023Staff

        Hi Barb, usually super funds charge a dollar based fee as well as a percentage based fee.

      Default Gravatar
      andrewApril 30, 2023

      How did I find how Colonial First state pension fund fared in comparison to Australian Super

        Avatarfinder Customer Care
        RajMay 1, 2023Staff

        Hi Andrew,
        Thanks for contacting Finder.

        To help you compare funds, there are a few key areas, that should be considered when comparing and they include long-term performance, fees and the fund’s investment strategy for your age. We have written a how-to-compare guide, which can help you compare.

        Thanks
        Raj

      Default Gravatar
      alanApril 27, 2023

      Do you have people who advise on how to shutdown an SMSF and transfer to an Industry super fund? And whether it makes sense?

        Avatarfinder Customer Care
        AlisonApril 28, 2023Staff

        Hi Alan,
        Finder is a financial comparison site – we can help you compare your options between products but we aren’t able to offer you any personal financial advice. We suggest you speak with a financial advisor or tax accountant for advice.

      Default Gravatar
      MichaelMarch 5, 2023

      Looking at your figures which you say are accurate, I can 100% tell you they are not accurate at all . You have Australian super at 2.71% loss financial year 21/22 , my Super went down far more than that , the figure was 5.1% on the base starting figure plus whole years deposits over the year it would make the loss approx 10% annual .Then if you add in the investment loss , fees etc the figure goes far higher , can you please explain your figures

        Avatarfinder Customer Care
        AlisonMarch 6, 2023Staff

        Hi Michael,
        The figures in our super tables are supplied by superannuation research firm Chant West, which source the data directly from the funds themselves. The figure you’re referring to for AustralianSuper is for its Balanced fund. if you’re in a different investment option, or your balance is split between a couple of different options, your performance returns will be different.
        Thanks,
        Alison

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