Compare super funds

Switching to a low-fee, high-performing super fund could help you retire with hundreds of thousands of dollars more – and it’s so quick and easy to do.

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A few minutes comparing and switching to a better super fund now can make a huge difference to your lifestyle in retirement. To maximise your investment, look for a combination of high 10-year performance figures and low fees.

Promoted
TelstraSuper is a profit-for-members fund open to everyone. It offers a lifestage MySuper option that invests according to your age. The Growth option has a strong bias towards growth assets, such as
Australian and international shares, aiming for high returns over the long term.

TelstraSuper Growth has returned 9% p.a. for members over the last 10 years.
Promoted
CareSuper is the leading industry super fund for professionals, office workers and administration employees, and open to everyone to join. The fund was the winner of the Finder Customer Satisfaction Awards in 2022.

The default Balanced option has returned 8.29% p.a. for members over the past 10 years.

Compare super funds

1 - 17 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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Go to siteMore Info
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
Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
-14.96%
Last 3 year performance (p.a.)
+3.95%
Last 5 year performance (p.a.)
+6.75%
Last 10 year performance (p.a.)
+11.37%
Fees on $50k balance (p.a.)
$643
Go to siteMore Info
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Showing 17 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.

How to compare super funds

Look for the following features when you're comparing super funds in the comparison table above.

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Low fees.

The lower the fees the better, as higher fees will eat into your investment returns. A general rule of thumb is to make sure the fees are less than 1% of the value of your super balance per year (so for a $50,000 balance, annual fees around $500 or less are relatively low).

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High long-term performance.

Look at the 5- and 10-year performance returns instead of only looking at the past year's performance. Super is a long-term investment, so you want a fund that has consistent, strong performance over the long term rather than a one-off good year.

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An investment strategy that suits your age.

Generally, you should invest in more high-risk growth assets (like shares) while you're young because you have plenty of time to ride out any short-term market falls. If you're young and want to take on more risk, compare high growth investment options.

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An investment strategy you agree with.

Some funds offer life stage investment options, meaning they'll adjust your investments for you as you get older so you're not taking on too much risk. Others will offer pre-mixed options based on certain risk levels and regardless of age, e.g. balanced, conservative or high growth. Think about which option works best for you before comparing.

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An investment approach that aligns with your values.

According to Finder data, 43% of Australians are interested in their super being invested ethically. If you're passionate about investing ethically and want to exclude certain industries such as fossil fuels or tobacco, choose a fund that offers a sustainable or ethical investment option.

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Suitable insurance cover.

Most funds will offer a default level of cover for death and TPD insurance automatically when you join. If you need more cover, for example income protection, check the fund offers this before joining. Check the fund's PDS to understand the default level of cover offered and the cost.

Why should you compare super funds?

Millions of us aren't actively engaged with our super, despite it likely being our most-valuable asset in retirement.

According to Finder data, 58% of Australians are with the super fund that their employer chose for them and almost half (48%) of us have stuck with the same super fund for our whole life so far.

If this is you, you could be stuck in a poor-performing fund with high fees and an investment strategy that doesn't suit your age or stage of life. This could cost you hundreds of thousands of dollars by the time you retire.

Why comparing super fund performance is important

Let's take a look at a fictional example of the impact on performance on a young person's retirement balance, using Moneysmart's calculator.

A 25-year-old earning an average salary of $80,000 and a super balance of $20,000 could retire with $377,107 if their fund returns 6% p.a. throughout their working life. However, by switching to a better-performing fund returning 9% p.a. that same 25-year-old could retire with $681,119. That's an extra $304,012!

Why comparing super fund fees is important

Now, let's take a look at another fictional example of the impact of fees on a young person's retirement balance. This time we'll use Finder's super calculator.

A 25-year-old earning an average salary of $80,000 and a super balance of $20,000 could retire with $517,999 if their fund returns an average 7% p.a. and has annual fees of $300. If everything else remains the same but instead the fees were $800 per year, their retirement balance drops down to $489,543. That's $28,456 less!

What are the different types of super funds?

Regarding the different types of super funds, you have 2 main choices to make: choosing a super fund, then choosing the investment option within that fund.

Types of super funds

  • Industry super funds: These not-for-profit funds were often originally reserved for workers in a particular industry, but are now open to all Australians. These funds are owned and run by members, with profits going back into the fund to benefit members. Some will still offer certain features for people in a particular sector. For example, Cbus is the industry fund for building and construction workers and offers tailored insurance cover to suit these manual, high-risk jobs. However, you’re not required to join the super fund aligned with your industry.
  • Retail super funds: These funds are often owned by a bank, insurance provider or another type of large financial institution. They often offer easy access to other financial products and services, such as financial advice. Profits are distributed among shareholders as well as put back into the fund. Some examples are BT Super (owned by Westpac), Colonial First State (owned by CommBank) and Australian Ethical Super.

Your superannuation investment options

When you join the fund you'll initially be placed in its default product option which is called the MySuper product (usually this is the balanced option). This is the standard super option that is designed to suit most members and it's where the majority of Australians have their super invested.

The alternative super investment options are usually based around risk level, for example:

  • Conservative: This option will invest in more-defensive, low-risk assets like cash and bonds. It's designed to protect your balance, rather than achieve high returns.
  • Balanced: A balanced option offers a more even mix between defensive and growth assets, but it'll still skew more towards growth assets.
  • Growth: This option offers slightly more exposure to growth assets than a balanced option and still has some exposure to defensive assets.
  • High growth: These options invest heavily in shares and are more high-risk, but usually achieve better returns over the long term.

Some funds offer a pre-made ethical investment option too.

Alison Banney

🔥 Quick tip when considering your super investment options

Alison Banney, superannuation editor

"You don't need to choose an investment option when you join a new fund if you don't want to. The default options are designed to suit most people, and many are among the top-performing funds each year. IF you do want to change your super investment option later, you can do this easily by logging in to your account online or via the fund's mobile app. "

How to pick the right super fund for you

How you choose to invest your super is a personal choice. You might have a high risk tolerance and be comfortable investing exclusively in shares. Or, you might be a bit more risk-averse and want something less volatile. If you're unsure where to start, here are some pointers based on your age.

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What to consider if you're under 35

You're young and still have 30+ years before you can access your super. Because you have so much time on your hands, it's recommended you invest more heavily in higher-risk, growth assets like shares via a high growth investment option. Shares can be volatile in the short term, but continue to perform exceptionally well over the long term.

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What to consider if you're 35–55

You still have a good 10–30 years for your super to stay invested before you begin to access it. This is still plenty of time to invest in higher-growth investment options that invest heavily in shares. However, as you get closer to 50 you may have a lower risk tolerance than you did in your 30s. If this is the case, you could consider gradually reducing your exposure to shares by switching to a balanced investment option.

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What to consider if you're over 55

As you get closer to retirement it's generally advised to have a more balanced mix of investments, with some defensive assets like cash, so you're not putting all your eggs in the one basket. Again, your super will stay invested for many years even after you turn 55 so it's important to have some exposure to shares so your balance continues to grow, but you might not want all your balance invested in shares.

Remember, there's no set rule for how you should invest based on your age alone, these are just some general ideas to get you started.

Compare super fund fees for large balances

Most super funds outline their annual fees in their PDS based on a set balance of $50,000. Our comparison table above also shows the annual fees based on this balance, to allow you to properly compare apples with apples.

However, the fees can change quite significantly if you've got a larger balance above $50,000. Take a look at the annual fees charged on larger balances by these 10 popular super funds.

$100K Balance$300K Balance$500K Balance$1M Balance
AustralianSuper - Pre-mixed, Balanced option$842$2,422$3,852$7,302
UniSuper Balanced$576$1,536$2,496$4,896
Australian Ethical Super Balanced$1,078$3,098$5,118$10,168
Virgin Money Super - LifeStage Tracker$655$1,849$3,043$6,028
Australian Retirement Trust (formerly Sunsuper for Life) - Lifecycle Balanced Pool$1,052.40$3,032.40$5,012.40$9,762.40
Aware Super High Growth$1,017.65$2,930.59$4,843.53$8,743.53
HESTA Balanced Growth$992$2,872$4,752$8,702
QSuper Lifetime - Aspire 1$770$2,310$3,850$7,075
AustralianSuper High Growth$792$2,272$3,602$6,802
Hostplus Balanced$1,216.74$3,429.74$5,642.74$11,175.24

The table shows the super fees for balances for over $50K. Fee data is sourced from Chantwest. The funds have been selected based on the top 10 most popular funds within the Finder database.

Super fund comparison highlights

We regularly update our super fund comparison table with the latest fees and performance data of all funds. Here are a few highlights we've pulled out:

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Top-performing for 2022.

The top-performing growth super fund for FY2021-22 was Hostplus Balanced with a +1.57% return (most growth funds delivered a negative return due to share market falls).

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Top-performing this decade.

Over the past decade, the top-performing growth super funds are Hostplus Balanced with +9.74% p.a. and AustralianSuper with 9.34% p.a. (two of the biggest industry funds!).

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Top high growth fund.

The top-performing diversified High Growth fund over the last decade is UniSuper Sustainable High Growth with +11.7% p.a.

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Top ethical funds.

The top-performing, diversified ethical growth funds over the last decade are UniSuper Sustainable Balanced with +9.15% p.a., AustralianSuper Socially Aware with +8.62% p.a. and Australian Ethical Super Balanced with 8.15% p.a.

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Lowest fees.

The growth super funds with the lowest fees are UniSuper Sustainable Balanced and Bendigo SmartStart Super Growth Index.

Super data in our table is provided by Chant West and covers most funds in the market, however some funds might be missing from our data set.

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How do I know if my super fund has underperformed?

Each year APRA releases a list of the worst-performing super funds and encourages members in those funds to switch. According to APRA there are around 800,000 Australians currently in an underperforming fund.

If you're in one of the funds on APRA's list, you'll also be notified by your fund directly that it has underperformed. If the fund underperforms 2 years in a row, the fund will be forced to stop taking new members and all current members will be moved out into a better-performing fund.

However, APRA only reveals the very worst performers. Just because your fund isn't on the list doesn't mean it has been performing strongly.

To give you an idea how your fund stacks up, here’s how the top-performing growth or balanced funds have performed (these are usually the default MySuper options where most people are invested).

  • 10-year returns: The top performers have returned about 8–10% p.a. for members over the past 10 years.
  • 5-year returns: The top performers have returned about 6–8% p.a. for members over the past 5 years.
  • 3-year returns. The top performers have returned about 5–7% p.a. for members over the past 3 years.

If your fund has delivered returns a lot lower than these, chances are it has been underperforming and it’s time to switch.

Ready to switch super funds?

Here's what to do before switching and the steps involved to switch.

What to do before switching funds

  • Check your super balance.Make sure you've received all you're entitled to from your employer over the last 12 months (you should see contributions from your employer at least 4 times a year).
  • Check your insurance cover. If you currently have insurance cover within your fund, check the new fund has a similar level of cover.
  • Check for any lost super. Now's a perfect time to look for any lost super you might have. You can do this via myGov online, and bring it over into your new fund.

Steps to switch funds

1. Choose a new fund. The comparison table above can help you choose a new super fund.
2. Join the new fund. Complete the online application form available on the fund's website.
3. Move your super into your new fund.Just enter the details of your previous fund when you submit the application form and the new fund will arrange for your balance to be transferred over - you don't need to do this yourself.
4. Let your employer know. Let your employer know right away so they can pay your next super guarantee payment to the correct fund.

If you need a bit more help, see our guide on how to change super funds for a detailed process.

When not to switch super funds

If you're already in a great fund, there's no point switching just for the sake of switching. If you've already got just the one fund and it has low fees, strong long-term returns and an investment strategy you're happy with then you likely don't need to switch funds. But it's important to compare funds against your own to make sure it is a good fund, and know for sure that you're happy to stay.

Frequently asked questions

Why you can trust Finder's super fund experts

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We've researched and rated hundreds of super funds as part of our Finder Awards. We've published 50+ guides and our in-house experts regularly appear on Sunrise, 7News and SBS News.
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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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Read more on this topic

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  • How much super should I have?

    The average super balance is $154,350. Compare your super balance against the average balance for your age group to see if yours is on track.

  • Benefits of superannuation

    Superannuation has many benefits. It’ll help fund your retirement, but it also offers tax discounts, investment benefits and discounted insurance cover, too.

  • Spouse super contributions

    Spouse super contributions allow you to grow your partner’s super balance and also save money on tax. Here’s how spouse super contributions work.

  • Super contributions

    Making extra super contributions on top of what your employer contributes can help boost your super balance. Here’s how contributions work, how much you can contribute to your super and how to do it.

  • Worst Super Funds

    Here’s a current list of the worst-performing super funds in Australia and steps for how to switch to a better fund.

  • What are the new changes to superannuation

    Here are all the changes that are happening to super this year, and how they’ll affect your superannuation balance.

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24 Responses

    Default Gravatar
    FrankNovember 17, 2022

    How does Brighter. super (prev. LGIA super) compare.

      Avatarfinder Customer Care
      AnneNovember 22, 2022Staff

      Hi Frank,

      Thank you for getting in touch with Finder.

      The information for Brighter Super is unavailable on this page as of this writing. We have a dedicated discussion on Brighter Super that will allow you to assess and review their features, performance, fees and more. You may also contact them for related inquiries at 1800 444 396.

      I hope this helps.

      Thank you, and have a wonderful day!

      Cheers,

      Anne

    Default Gravatar
    PhilipApril 21, 2022

    Hi, I am trying to do a comparison with super fund fees. I notice that the examples shown only give fees based on a $50,000 balance. Do the fees percentage reduce for higher balances, for example $500,000 and above ?
    Thanks, Philip.

      Avatarfinder Customer Care
      AlisonApril 29, 2022Staff

      Hello Philip,

      Yes, we only compare the fees for $50k balances at this stage, as this is the balance tier used by all funds in their PDS documents for easy comparison with others. Some funds do reduce their fee percentage for larger balances, and some do not. The $50k fee balance is to be used as a guide.

      You can see an itemized breakdown of the fund’s fees by looking at their PDS documents. We plan to introduce this comparison functionality soon, to allow people to compare the fees on different balances.

      Thanks,
      Alison

    Default Gravatar
    PhilSeptember 3, 2019

    Where does Equip rank with the other super funds?

      Avatarfinder Customer Care
      JeniSeptember 4, 2019Staff

      Hi Phil,

      Thank you for getting in touch with Finder.

      As of this writing, we do not have a review page about Equip Super. In one of their blogs in 2016, they were ranked 2nd in Australia for super transparency. Some of the most well known industry super funds include, AustralianSuper, HESTA, Sunsuper and Hostplus.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    GaryMay 20, 2019

    My daughter is a member of 2 super funds. Both have insurance for death and TPD. Are both funds obliged to pay out in the case of death? She is looking at consolidation into one super fund as well in the future to save on fees and insurance costs.

      Avatarfinder Customer Care
      JeniMay 21, 2019Staff

      Hi Gary,

      Thank you for getting in touch with Finder.

      Yes, she can receive payment from both policies if your daughter satisfy the conditions of both policies.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    WAYNENovember 29, 2018

    I am 80 yo and not satisfied with the fees and retuins from my current super and am looking to change to an Inddustry fund and am looking at Hostplus , Aust super and Virgin . What do you suggest.

      Default Gravatar
      NikkiNovember 29, 2018

      Hi Wayne.

      Thanks for getting in touch! As each person has unique situations, we are not able to suggest one industry fund for you. Our page above shows a list of superfunds and as you have chosen your top 3, the next step you can take is review what they offer as well as their terms and conditions to make sure it fits your needs. To read about the brand, click their name and it will direct you to our review page about them and if you want to go directly to their page, you may search their brand name on any web browser. Hope this helps!

      Best,
      Nikki

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