AustralianSuper

AustralianSuper Review | Performance, features and fees

AustralianSuper has a large range of investment options to choose from, including its award-winning Balanced option and a sustainable option. AustralianSuper products are well-known for their high returns and low fees.

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AustralianSuper investment options

You'll be invested in the Balanced option when you join AustralianSuper. After joining the fund, you can switch to any of the following ready-made or sector-specific investment options.

Name Product 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.)

AustralianSuper - Pre-mixed, Balanced option

Finder Award
AustralianSuper - Pre-mixed, Balanced option
+20.46%
+9.6%
+10.46%
+9.74%
$476
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.

AustralianSuper - Socially Aware

AustralianSuper - Socially Aware
+19.4%
+7.89%
+9.25%
+9.2%
$501
The AustralianSuper Socially Aware option doesn't invest in Australian or international companies that directly own coal and fossil fuel reserves, produce tobacco or those which have single-gender boards. Investment performance as of 30 June 2020.

AustralianSuper Stable

AustralianSuper Stable
+8.36%
+5.58%
+5.99%
+6.45%
$351

AustralianSuper High Growth

Finder Award
AustralianSuper High Growth
+24.38%
+10.82%
+11.72%
+10.66%
$461

AustralianSuper Conservative Balanced

AustralianSuper Conservative Balanced
+14.21%
+7.62%
+8.05%
+8.09%
$451

AustralianSuper Diversified Fixed Interest

AustralianSuper Diversified Fixed Interest
+2.25%
+2.81%
+3.07%
+4.9%
$331

AustralianSuper Property

AustralianSuper Property
+4.29%
+0.81%
+3.81%
+5.92%
$501

AustralianSuper Australian Shares

AustralianSuper Australian Shares
+27.68%
+10.36%
+11.47%
+10.02%
$251

AustralianSuper International Shares

AustralianSuper International Shares
+27.6%
+16.16%
+15.68%
+13.72%
$381
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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.

What are the key features of AustralianSuper?

  • Wide range of investment options. AustralianSuper offers a broad range of investment options so you can tailor your super in line with your risk tolerance and investing preference.
  • Socially responsible investment option. There's a socially responsible pre-mixed, diversified investment option available for members looking for more ethical investments.
  • Strong investment performance. AustralianSuper's investment options have regularly outperformed the relevant benchmarks over the past 10 years, and are often among the top-performing funds.
  • Mobile app. The AustralianSuper mobile app makes it easy to access your super on the go. You can use the app to check your balance, change the way your super is invested, update your details and more.
  • Educational tools. AustralianSuper members can access a variety of seminars and educational programs to help you understand how super works and better manage your investments.
  • Financial advice. Members can also access a wealth of online financial advice and planning tools to help you take control of your finances. Fee-for-service financial planning is offered as well.
  • Easy fee structure. The fee structure is easy to understand and the annual fees are lower than similar super products in the market.
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AustralianSuper investment options explained

AustralianSuper offers 3 types of investment options for you to choose from: Pre-mixed, DIY Mix and Member Direct. If you don't want to choose an option, your super will be invested in the Balanced investment option which is a MySuper-authorised fund.

Pre-mixed investment options

AustralianSuper Pre-mixed options are diversified portfolios that invest in a mix of different asset classes including shares, property, fixed interest and cash. They're designed for investors who only want a minimal amount of hands-on involvement with their super.

Pre-mixed investment optionsRisk levelAsset allocation
High Growth

This option is the highest risk level of all the ready-made options, with around 90% allocation to growth assets including local and international shares. It's designed for higher growth over the long term and is suited for investors with a longer investment timeframe.

  • < 5 years: High
  • 5-20 years: Medium
  • > 20 years: Low to medium
  • Growth: 91%
  • Defensive: 9%
Balanced (MySuper option)

This is the default investment option which all members will be placed in if they don't choose a different option after joining. It's designed for growth over the medium to long term. It has around 75-80% allocation to growth assets including local and international shares, private equity and property. This option is regularly one of the top performing growth super funds in the market.

  • < 5 years: High
  • 5-20 years: Medium
  • > 20 years: Low to medium
  • Growth: 78%
  • Defensive: 22%
Socially Aware

The Socially Aware option has a very similar level of investment risk to the Balanced option; however, it doesn't invest in Australian or international companies that directly own coal and fossil fuel reserves, produce tobacco or those which have single-gender boards.

  • < 5 years:
  • 5-20 years:
  • > 20 years:
  • Growth: 78%
  • Defensive: 22%
Indexed Diversified

This option is designed to achieve growth over the medium to long term while lowering the costs of investing, as it uses index investing instead of active fund management. It has around 70% allocation to growth assets, designed to match index returns. Because it uses index investing the costs of this product are lower for members.

  • < 5 years: High
  • 5-20 years: Medium
  • > 20 years: Low to medium
  • Growth: 70%
  • Defensive: 30%
Conservative Balanced

This option has less exposure to growth assets than the Balanced, Socially Aware and High Growth options, but more exposure to growth assets than the Stable option. It's designed to have both medium-term growth while protecting your investment balance.

  • < 5 years: High
  • 5-20 years: Medium
  • > 20 years: Low to medium
  • Growth: 57.5%
  • Defensive: 42.5%
Stable

This option has the lowest risk level of all the ready-made options, with around 61% allocation to defensive assets including cash and bonds. It's designed for investors with a shorter investment timeframe (e.g. if you're closer to retirement) or those with a low risk tolerance.

  • < 5 years: Medium to high
  • 5-20 years: Medium
  • >20 years: Low to medium
  • Growth: 38.5%
  • Defensive: 61.5%

*Asset allocation between growth and defensive assets correct as of September 2021, and may shift slightly from time to time.

DIY Mix investment options (single-sector options)

These do-it-yourself options are single asset class portfolios that are managed by AustralianSuper. You decide how much you want to invest in each of the options listed in the table below.

DIY Mix investment optionsRisk levelAsset allocation
Australian shares

Invests in an extensive range of ASX-listed companies
and aims to deliver strong long-term capital growth.

  • < 5 years: Very high
  • 5-20 years: Medium to high
  • > 20 years: Medium
  • Growth: 99.5%
  • Defensive: 0.5%
International shares

Invests in companies listed on securities exchanges around
the world and aims to deliver strong long-term capital growth.

  • < 5 years: Very high
  • 5-20 years: Medium to high
  • > 20 years: Medium
  • Growth: 99.5%
  • Defensive: 0.5%
Diversified fixed interest

Provides capital stability by investing your balance in Australian and international bonds and loans.

  • < 5 years: Medium
  • 5-20 years: Medium to high
  • > 20 years: Medium to high
Defensive: 100%
Cash

Designed to provide stable returns, this option invests your balance in short-term money market securities and short-term bonds.

  • < 5 years: Very low
  • 5-20 years: Medium to high
  • > 20 years: Very high
Defensive: 100%

Member Direct investment options

This is AustralianSuper's self-managed investment option. Designed for those who want a high level of control over where their super is invested, Member Direct allows you to invest in:

  • The S&P/ASX 300 Index
  • Exchange traded funds (ETFs)
  • Term deposits

You can manage your investments from an online platform, and super members need at least $10,000 to open an account. If you're a retirement income member, the minimum account balance is $50,000.

What insurance does AustralianSuper offer?

As part of being a member of AustralianSuper, you can access the following types of insurance cover through your super:

  • Income protection cover. This pays a monthly benefit for up to 2 years if you're unable to work due to illness or injury, while you can also apply for extended cover up to the age of 65. You can read more about AustralianSuper income protection in our separate review here.
  • Total and permanent disablement cover. This type of cover provides a lump sum payment if you become totally and permanently disabled and can no longer work. You can read more details of this cover here.
  • Death cover. This policy provides a lump sum payment when you die, allowing you to provide for your loved ones and help them repay debts.

How do I join AustralianSuper?

If you'd like to join AustralianSuper, click the green "Go to Site" button on this page. You'll be taken to the AustralianSuper website where you can complete an online application in around 15 minutes. You'll need to provide:

  • Your personal details, including your name, address, date of birth and contact information
  • Your Tax File Number (you do not have to give your super fund your TFN but if your fund doesn't have your TFN it won't be able to accept certain types of contributions from you and your benefit payments may be taxed at a higher rate than would otherwise apply)
  • Details of your employer

Once you've completed the application you will immediately receive your member number. A confirmation email will also be sent to you, and your membership application will be processed once you make the first contribution into your account. Your account and any insurance you have chosen will also become active once this first contribution has been received.

A welcome pack, which includes your AustralianSuper online account details, will then be mailed to you.

If you're searching for a super fund to help you save for retirement, AustralianSuper is worth a closer look. Compare its features, fees and investment options with those of other funds before deciding whether it's right for you.

DISCLAIMER: This article may contain general advice. You should consider your own personal circumstances before deciding if a superannuation product is right for you. Superannuation is a long term investment and past performance is not indicative of future performance.

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2 Responses

    Default Gravatar
    JOHNJanuary 19, 2018

    When you retire does your holiday & long service leave effect your
    application for pension at the moment I have 36 weeks.

      Avatarfinder Customer Care
      JonathanFebruary 22, 2018Staff

      Hi John, thanks for your inquiry.

      According to 4.3.3.30 Employment Income for Pensioners of Age Pension Age pre-20/09/2009
      Summary, “If a pensioner receives paid leave, the money received IS assessed as income under the normal income test.” Therefore holidays/ long service leave should not affect your pension.

      Thanks.

      Jonathan

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