QSuper review | Performance, features and fees

QSuper offers an ultra low-fee lifestage super account that readjusts your investment mix as you get older, as well as several additional pre-mixed super options to choose from.

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QSuper investment options

When you join QSuper you'll automatically be placed in the QSuper Lifetime fund which is the default MySuper option. You can change investment options at any time after joining.

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.)

QSuper Lifetime - Aspire 1

QSuper Lifetime - Aspire 1
New Fund
QSuper is one of the largest profit-for-members funds in Australia. QSuper Lifetime continually adjusts your investment mix in line with your age and your super account balance.

QSuper Aggressive

QSuper Aggressive

QSuper Moderate

QSuper Moderate

QSuper Diversified Bonds

QSuper Diversified Bonds

QSuper Aust Shares

QSuper Aust Shares

QSuper Balanced

QSuper Balanced

QSuper Int'l Shares

QSuper Int'l Shares

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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 QSuper?

  • Automatic death and TPD insurance. The automatic cover you receive will depend on your employment arrangements and your age. You can also opt out of insurance if you don't need it.
  • Automatically adjusts to meet your stage in life. The default MySuper option (QSuper Lifetime) is managed for you, with the investments changing over time in line with your age.
  • Pre‑mixed investment options. If you don't opt for the QSuper Lifetime investment option, you can choose between a range or pre-mixed options including a socially responsible option.
  • Self-invest directly in shares, ETFs and term deposits. If you want to be more hands-on with your super you can invest in a range of single asset options.
  • Manage your super online or via the app. Keep track of your super, receive push notifications, make contributions and change your investment options online 24/7 using the member portal online or via the QSuper mobile app.
  • Consolidate your super. You can ask QSuper to search the ATO for any other super you may have when you complete the application form.
  • Online Advice available to members. QSuper Members can easily receive online advice anywhere, anytime, in just 15 minutes.
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QSuper investment options

QSuper Accumulation offers four ways to invest depending on how hands-on you want to be with your super.

Option 1: QSuper Lifetime (MySuper option)

When you join QSuper the fund will automatically place you in the Lifetime option, which is the default MySuper option. With this product your balance is automatically adjusted in line with your age and account balance. When you're older, it'll shift towards a more conservative mix of assets such as fixed income and cash, and away from growth assets such as shares and property.

AgeInvestment optionRisk
Under 40Outlook

This option is for members under 40 years old. Because you're young and still have a long time before retirement, it invests more heavily in growth assets with around 25% asset allocation in defensive assets. In particular, it invests about half of your balance in equities.

Medium to High

This option is for members aged 40-49 and split into 2 options: Aspire 1 (for balances below $50,000) and Aspire 2 (for balances above $50,000). Aspire 1 has a higher allocation towards growth assets including equities to help your balance grow with the potential for higher returns. Aspire 2 still has more exposure towards growth assets than defensive, however it's slightly less focused on growth compared to Aspire 1.

Medium to High

This stage is split into 3 options: Focus 1 (less than $100,000); Focus 2 ($100,000-$200,000); Focus 3 (200,000+). Focus 1 has a much higher allocation towards growth assets, as it's designed to help your balance grow. Both Focus 2 and Focus 3 have less exposure to growth assets, as the strategy shifts to protecting the balance you've built up already.

Medium to High

This fund is split into 2 options: Sustain 1 (less than $300,000) and Sustain 2 ($300,000+). If your balance is below $300,000 by the time you're 58 or older, you'll stay invested in more growth assets to help your balance continue to grow as your approach retirement.

Medium to High

What insurance cover does QSuper offer?

As a QSuper Accumulation member, you will receive automatic death and total and permanent disability cover, and some members will also receive default income protection cover. What cover you automatically get (and how much) is determined by your employment arrangements and your age.

Summary of default insurance as included in the QSuper PDS document.

SituationDefault death coverDefault TPD coverDefault IP cover
I work for the Queensland Government on a permanent full-time or part-time basis and make standard contributions.
I work for a default employer or the Queensland Government on a permanent full-time or part-time basis and don't make standard contributions.
I am a police officer with the Queensland Police Service.
I work for a default employer or the Queensland Government as a casual employee, or my account was opened as a result of a family law split.Must apply
I have an Income account and an Accumulation account is opened for me as a result of a contribution (including consolidation from another fund).Must apply
I have applied for an Accumulation account direct with QSuper (not through my employer).Must apply

If you're looking for more information on the different insurance covers offered by QSuper take a look at our detail reviews on QSuper income protection, QSuper TPD cover and QSuper Life insurance.

What you pay for insurance depends on your age, employment arrangements, and how much cover you have. For example you could pay between $0.43 and $1.28 a week for Death cover, and between $0.03 and $3.18 a week for TPD cover. Insurance offered through QSuper is provided by QInsure.


There may be exclusions and/or restrictions which apply to your insurance cover. Check the "Accumulation Account Insurance Guide" available via the QSuper website.

How do I join QSuper?

  1. A spare ten minutes
  2. Your personal details, including your name, address, date of birth and contact information
  3. Your Tax File Number (it's unnecessary to give your super fund your TFN, but without it your fund 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)
  4. Your employer's details

Nominate your beneficiaries

Once you sign up for an account you'll be asked to nominate your beneficiaries. The person/s nominated will receive your super and any insured death benefit if something happens to you. You can nominate one or more dependents.

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4 Responses

    Default Gravatar
    NavzadSeptember 18, 2019


    I’m on a working/holiday Visa and am quite inexperienced with money and tax lingo. I’m really just looking for a basic, trustworthy super account for my stay while I’m here. All the different options make me a little dizzy.

    Can someone assist me with the kind of account I should open up?

      Default Gravatar
      NikkiSeptember 19, 2019

      Hi Navzad,

      Thanks for getting in touch!

      You can find super fund options using our comparison table. It should allow you to compare the features and benefits of each super fund provider based on its yearly performance. This way it will be easier for you to see which provider fits you best. If you need further help, a quick guide on how to compare super funds is also stated on the page.

      You can also click the compare box beside each provider and compare up to 4 options side by side for easier comparison. As a friendly reminder, review the eligibility criteria, fees, interest rates, and terms & conditions of this account before applying.

      When you are ready, press the ‘Go to site’ button to apply.

      Hope this helps!


    Default Gravatar
    richardOctober 22, 2017

    I am interested in opening a super account where I can consolidate all of my super funds into the one fund.
    Can you please let me know of any funds in Australia where I can transfer my UK based super fund (along with my other Australian based funds) into a single super account?
    Thank you for your kind assistance.

      Avatarfinder Customer Care
      JoanneOctober 23, 2017Staff

      Hi Richard,

      Thanks for reaching out.

      You can check out our review on SMSF administration and compliance to give you additional information on managing your super fund.

      Visit our list of super funds to compare different brands side by side using our comparison table. The link will allow you to assess which super fund would best suit your needs. Managing your own super gives you greater access and control as to how and where you should invest it.

      Please ensure you review the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.


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