Online super funds: Manage your superannuation online | Finder
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Compare online super funds

Online super funds allow you to manage you superannuation anywhere, anytime via a website or smartphone app.

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Alison Banney
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Most Australian super funds can be accessed and managed completely online. Being able to access your super online via an Internet portal or mobile app is very convenient, and means you can keep track of your balance and make changes to your account 24/7.

This guide will outline the benefits of an online super fund, tips for managing your super online and how to apply for and join a new super fund online. You can also compare online super funds in the table below.

Promoted
Australian Ethical Super Balanced Fund
Green Company
Certified by the Responsible Investment Association Australasia.

This fund invests in renewable energy, innovative technology and sustainable products while avoiding coal, oil, tobacco and live animal exports.
Promoted
Aware MySuper Life Cycle Growth Fund
Aware Super is an industry fund open to all Australians and is named a tobacco-free fund by Tobacco Free Portfolios.

Aware Super's default MySuper product invests your super in a pre-mixed Growth fund until you’re 60, then it’ll switch to Balanced.

Compare super funds with online platforms or mobile apps

Name Product Last 1 year performance Last 3 years performance Last 5 year performance Annual fees on $50k balance
AustralianSuper - Pre-mixed, Balanced option
Finder Award
AustralianSuper - Pre-mixed, Balanced option
5.55%
7.73%
8.98%
$411.18
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.
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Australian Ethical Super Balanced
Green Company
Australian Ethical Super Balanced
8.28%
8.62%
8.28%
$622
Certified by the Responsible Investment Association Australasia.
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.
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Aware MySuper Life Cycle Growth
Aware MySuper Life Cycle Growth
5.49%
7.31%
8.37%
$519.42
Aware Super is a not-for-profit fund with more than 750,000 members. The MySuper product invests your super in a pre-mixed Growth fund until you’re 60, then it’ll switch to Balanced.
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Spaceship GrowthX
Spaceship GrowthX
18.88%
15.52%
$536
This is a high-risk investment option that aims to deliver high returns over the long term.
Spaceship's Growth X fund invests heavily in Australian and international shares, with a focus on technology stocks. Performance figures and fees supplied by Spaceship, not Chant West.
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QSuper Lifetime
QSuper Lifetime
4.08%
7.03%
8.21%
$315
QSuper is one of the largest member-owned funds in Australia. The QSuper Lifetime fund adjusts your investments each 7-10 years as you get older, so you're not taking on too much risk.
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Virgin Money Super - Lifestage Tracker
Virgin Money Super - Lifestage Tracker
3.59%
7.34%
$358
Virgin Money Super's Lifestage Tracker invests in a range of different assets in line with your age, reducing your risk as you get older, and has some of the lowest fees in the market.
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HESTA Balanced Growth
HESTA Balanced Growth
3.97%
6.72%
7.88%
$533.53
HESTA is an industry super fund for the health and community services sector and open to all Australians. The Balanced Growth fund invests in a mix of asset classes without taking on too much, or too little, risk.
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Sunsuper Lifecycle Balanced
Finder Award
Sunsuper Lifecycle Balanced
3.18%
6.64%
8.14%
$463
Sunsuper is an award-winning super fund with more than 1.4 million members. Its Lifecycle Balanced option invests your super in a mix of growth assets, and reduces your risk when you're near retirement.
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LUCRF MySuper Balanced
LUCRF MySuper Balanced
3.15%
5.44%
6.77%
$497.64
LUCRF Super is an industry super fund open to all Australians with 11 different investment options available. Its default MySuper Balanced option is a simple, diversified portfolio designed to suit most members.
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Australian Catholic Super Lifetime - Grow
Australian Catholic Super Lifetime - Grow
2.97%
N/A
$563
A Catholic super fund open to all Australians and designed for people working in Catholic education, healthcare or aged care.The Lifetime One fund option changes your investment mix as you get older.
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Verve Super Balanced
Verve Super Balanced
6.2%
N/A
$691.10
Verve Super is an ethical super fund tailored for women. It seeks to invest in companies making a positive impact, such as renewable energy and women in leadership, while avoiding those that cause harm, such as fossil fuels, tobacco and guns.
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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.

*Past performance data is for the period ending December 2020.

Online superannuation funds: What are they?

Online super funds are funds that members can apply for and manage entirely online. These days, the large majority of super funds available to Australian workers (including all funds listed in the table above) are online super funds. The entire process, from joining the fund as a new member and managing your account to switching your investment options as your lifestyle changes, can be done online without the need to visit a physical office or branch.

Features of online super funds

Online super funds have a range of attractive features and benefits, including:

  • Low fees. Most online super funds offer a default MySuper product which is a low-fee super fund option. Make sure you're comparing the annual fees charged by each fund when doing your comparison, to make sure you're not paying too much. If you're managing your account yourself online, check that you won't be charged personal financial advice fees (unless of course, you opt for personal advice).
  • Easy account access. Are you able to check your balance, make contributions and manage your account online whenever you want? Some online funds will offer both a mobile app and a desktop Internet portal, while others might not offer an app and instead will offer just the desktop portal. Compare the account access options when making your decision, to ensure you'll be able to access your account in a way that suits you.
  • Flexibility. One big benefit of an online super fund is the flexibility you have with how you manage the account. If you want to change your investments or make a contribution, you can do this straight away online without the need to make an appointment and travel to an office or branch.
  • Easy to track. With an online super fund, you can track your fund's performance as often as you like by simply logging into your account online. You won't need to wait for a statement to arrive in the mail every few months to know how your super balance is performing.

How to manage your superannuation online

There are two main ways you can manage your superannuation online: by logging into your account via the desktop platform, or by downloading and logging into the mobile app offered by the fund. Here's what you can do with your super fund online:

  • Check your balance. You can quickly and easily check your super balance online, no need to phone the fund.
  • See the performance. If you're curious to see how your fund has been performing, you can check this by logging into your account online. Because your super is largely invested in stock markets, your fund's performance will change continually from day-to-day. Checking the long term performance is more important.
  • Check employer payments. You can make sure your employer is paying the compulsory super guarantee into your super account each quarter.
  • Make personal contributions. If you want to contribute to your super, you can make personal contributions yourself online.
  • Change your investments. You can switch your super investment options online yourself. For example, if you want to switch to higher risk options or if you want to decrease the risk you're taking on.
  • Update your insurance. You can apply for more cover, decrease your cover or opt out of insurance all together at any time yourself.

How to apply for a super fund online

You can join a new super fund online in less than 30 minutes. The first step is to compare funds to find one that meets your needs. Once you've found one you like, simply head to their website and start the online application form.

What you'll need to apply for a super fund online

You'll need to have the following bits and pieces handy before applying.

  • Your personal details including full name and contact information
  • Your Australian residential address
  • Your Tax File Number
  • The details of your current super fund, if you're planning to switch and consolidate
  • The details of your employer (business name, business address)

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2 Responses

    Default Gravatar
    aFebruary 11, 2016

    how do I back pay

    and how do I set up first time to this

    Reply
      Avatarfinder Customer Care
      ShirleyFebruary 12, 2016Staff

      Hi A,

      Thanks for your question.

      Once contributions are made into your superannuation account, you’ll need special permission from the Department of Human Services to access it.

      Your first employer should be able to set up a superannuation account for you.

      All the best.

      Reply
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