Compare super funds

Compare Australian superannuation funds by fees, features and performance now, to retire with more money later.

When comparing super funds it's important to look for a fund with low annual fees, a history of high performance returns and an investment strategy that aligns with your preferences, personal values, your life stage and the level of risk you're comfortable with.

You can compare super funds in the table below by comparing the past one, three and five year performance returns and annual fees charged. You can also learn more about how to compare super funds and what to look for when choosing a fund in this guide.

AustralianSuper - Pre-mixed Balanced Super Fund Offer

AustralianSuper - Pre-mixed, Balanced Super Fund

AustralianSuper - Pre-mixed Balanced Super Fund Offer

  • 2019 Finder Awards Winner: Best Super Fund - Balanced
  • Join and consolidate your super with the easy-to-use mobile app
  • Australia's best performing growth fund over 10 years*
*To June 2019, according to Chant West. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
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Compare super funds below

Use our comparison table to compare super funds based on performance, fees and insurance options.

Name Product Past Performance - 1 Year Past Performance - 3 Years Past 5 year performance Calculated fees on $50,000 balance
1.21%
7.56%
7.84%
$467.65
The Balanced option is a pre-mixed, MySuper fund that invests in a diversified range of asset classes.
AustralianSuper is an award-winning industry super fund and is the largest super fund in Australia.
1.9%
7.51%
7.47%
$523
The Lifecycle Balanced option is a MySuper product that invests your super in a balanced fund until you’re near retirement.
Earn a Retirement Bonus of up to $4,800 when you open a new Income account. T&Cs apply.
2.85%
7.57%
N/A
$395
The Lifetime option is a MySuper product that adjusts your investment mix each 7-10 years as you get older.
QSuper is a member-owned super fund and is one of the largest super funds in Australia.
-1.36%
N/A
N/A
$358
The Lifestage Tracker is a MySuper product that invests in a range of asset classes in line with your age.
Earn Velocity Frequent Flyer Points for making contributions to your super. T&Cs apply.
1%
6.59%
6.39%
$598
The LGIA MySuper Lifecycle option aims for higher returns while you’re under 75.
LGIA is a medium-sized, member-owned super fund open to all Australians.
-0.22%
4.86%
5.43%
$603
The LifetimeOne investment option is a MySuper product that changes your investment mix as you get older.
A Catholic super fund open to all Australians and designed for people working in Catholic education, healthcare or aged care.
New Fund
New Fund
New Fund
$291.50
The Balanced Essentials fund invests in a range of shares, residential property and other assets and has a medium level of risk.
Superestate focuses on investing your super in physical residential properties and charges some of the lowest annual fees in the market.
1.14%
6.95%
6.73%
$549.42
This MySuper product will invest your super in a pre-mixed Growth fund until you’re 60, then it’ll switch to Balanced.
First State Super is a not-for-profit super fund with more than 750,000 members around Australia.
2.54%
7.21%
7.19%
$548.53
The Core Pool invests in a mix of asset classes and is an authorised MySuper product.
HESTA is an industry super fund open to all Australians and designed for employees in the health and community services sector.
-2.16%
5.03%
5.41%
$643
The MySuper Lifestage fund invests your super in a mix of asset classes depending on how old you are.
Westpac Group customers can manage their super alongside their day-to-day bank accounts.
1.84%
7.78%
7.87%
$565
The Growth fund is a pre-mixed investment portfolio and an approved MySuper product.
Cbus is a leading industry super fund for the building and construction industry, that’s open to all Australians.
1.73%
6.45%
7.24%
$682.65
The MySuper Balanced Growth option is a ready-made, diversified fund with a medium level of risk.
BUSSQ is an industry fund designed for the building and construction industry and open for all Australians.
-1.04%
4%
5.27%
$581.80
The Lifestage Fund readjusts your investment mix every few years to reduce your level of risk as you get older.
A retail super fund that offers access to personalised financial planning and advice.
2.17%
8.44%
8.32%
$621.76
The Balanced fund invests your super in a range of assets and is designed for high long-term growth.
An industry super fund open to all Australians with a focus on the hospitality and retail sector.
0.99%
6.43%
7.56%
$529.76
The Balanced option is a MySuper product that invests in a range of asset classes aiming for medium to high long-term returns.
MTAA is a national super fund available to all Australians with a focus on the motor trades and automotive sector.
N/A
N/A
N/A
$728
The Growth option is a diversified portfolio that aims for high growth over the medium to long term.
MLC is a large retail fund open to all Australians. MLC is the wealth management arm of National Australia Bank.
0.63%
6.23%
6.24%
$497.60
The Core Strategy is a diversified investment portfolio that balances risk and return, and is an authorised MySuper product.
REST is an industry super fund tailored towards the retail sector and open to all Australians with almost two million members.
0.88%
6.56%
7.45%
$361
The Balanced option is a MySuper product that invests in a mix of growth and defensive assets.
A flexible industry super fund for people who work in Australia’s higher education and research sector.

Compare up to 4 providers

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 2018.

How to compare super funds

Consider the following when you're comparing super funds in the comparison table above:

  • Low fees. The last column in the comparison table shows the 'calculated fees on $50,000 balance'. This figure includes the annual admin fee charged by the fund, as well as investment fees and indirect costs. Generally, you want to look for a fund with low fees but this isn't the only factor to consider.
  • High past performance figures. When looking at a funds past performance, it's important to look at the performance over the medium to long term instead of only looking at the past year's performance. The comparison table above shows the performance figures for the past one, three and five years so you can see which funds have performed well over the longer term. Keep in mind that past performance isn't an indicator of future performance, so don't base your decision on performance alone.
  • Investment strategy. Some funds offer life stage investment options, meaning they'll invest your money for you in a range of asset classes and adjust the mix of assets according to your age. Or, if you want to be more hands on you could consider a fund that offers a build-your-own or DIY investment option. Some funds also offer a sustainable or ethical investment option, if this is something you're passionate about.
  • Risk level. Check the risk level when comparing different investment options offered by super funds. The default investment option for some funds might be high risk, while others will be lower risk (balanced or conservative).

For more help comparing funds, read our guide on how to choose a super fund.

How does Finder compare super funds?

Each super comparison site takes a slightly different approach to superannuation comparison. Finder gives you the total annual fee on a $50,000 balance in a dollar figure to help make it easier to compare super funds; presenting the fees in a percentage figure is less transparent and doesn't always make it clear what you'll be paying. The fees and performance figures in Finder's superannuation comparison table are powered by leading superannuation research firm Chant West, ensuring the information is always accurate and up-to-date.

Finder offers a detailed overview of each fund we compare completely free of charge, by clicking on the fund name in the comparison table. Finder does make money when you click through to some of the super funds listed (learn more about this here), however we've also showcased a number of leading and smaller funds that we have no commercial partnership with at all, to help you compare and find the right fund for you.

What to do before switching super funds

Do you already have a super fund and you're looking to switch to a new fund? Here's a few things to do first.

  • Check your super balance. When you're switching funds it's a great time to check your super balance and make sure all your recent super contributions have been made successfully. Take a look at your contributions over the last 12 months and make sure you've received all the payments you're entitled to from your employer.
  • Check your insurance cover. Check the insurance cover you're currently receiving, and make sure the new fund you're switching to has a similar level of cover. Or, if you don't think you need any cover, you can opt out of insurance all together when switching to the new fund.
  • Check for any lost super. Now's a perfect time to look for any lost super you might have. You could have some missing super if you've worked at several different jobs. You can look for any lost super via myGov online, and bring it over into your new fund.
  • Let your employer know. Lastly, once you've you've switched super funds make sure you let your employer know right away so they can pay your super guarantee payment to the correct fund.

Understanding superannuation

The first step to choosing the right super fund for your needs and having adequate funding for your retirement is understanding what super is, how it works and how much of your income should be contributed towards it.

Superannuation explained

Use this guide to understand how superannuation works in Australia, how much your employers should be contributing towards your super, what the current superannuation guarantee rate is and what it will be in the future.

Read this guide

Consolidating your super

If you have multiple super funds open in your name, you'll also be paying multiple sets of fees. Paying multiple sets of fees will quickly eat into your super balance and leave you with a lot less at retirement. To solve this, it's important to consolidate your super.

Different types of super funds

There are two main types of super funds: accumulation funds and defined benefit funds. Defined benefit funds are very rare, so this guide discusses accumulation funds in detail. There are various types of accumulation funds available to Australians, which are outlined below. Click on the guides below to find out more about specific types of super funds.

What is lost super, and how can you find it?

Losing some of your superannuation is easier than you think. If you’ve changed jobs or moved house, you may have some lost super. But don’t worry, you can find your lost super and claim it back! If you suspect you may have some lost funds, you can create a myGov online account to search for any missing super.

Finding lost super and consolidating your funds

Find out more about what lost and unclaimed super is and the steps you need to take in order to find it. Once you're able to find your lost super, you can easily claim it back and consolidate it to your current fund. Read this guide to find out how and compare super funds for consolidation.

Find my lost super

Accessing your super

Because superannuation is designed to fund your senior years, you generally can only access it once you reach retirement. The earliest opportunity you have to access your super is when you reach your preservation age, which is determined by the year you were born as shown in the table here.

There are some situations where you may be eligible to access your super before your preservation age. These include if you have a total and permanent disability, a terminal illness or are experiencing extreme financial hardship. Read our comprehensive guide to find out more.

Read this guide

Frequently asked questions

Got it! What now?

Now that you understand how superannuation works and how to choose the best fund for you, it's time to do just that. Head to our comparison table at the top of this page to compare super funds, and click "Go to Site" if you'd like to open an account or learn more about the fund.

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20 Responses

  1. 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

  2. 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

  3. 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.

    • Avatarfinder Customer Care
      NikkiNovember 29, 2018Staff

      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

  4. Default Gravatar
    GrahameJuly 31, 2018

    I will be retiring in 3 months, and my superannuation is with a major bank. Can I move to an industry fund at the same time as I change from accumulation to pension phase?

    • Avatarfinder Customer Care
      JeniAugust 9, 2018Staff

      Hi Grahame,

      Thank you for getting in touch with finder.

      Pension phase or retirement phase is the period during which a super fund pays a superannuation income stream or pension, and the earnings (including capital gains) on those pension assets are exempt from tax. The alternative to a retirement phase is the accumulation phase (and earnings are subject to 15% earnings tax in accumulation phase).

      You can move your superannuation to an industry fund and just verify with them if you can have it to a pension phase.

      You may want to go through this page to learn more on how to choose a super fund that suits you most.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

  5. Default Gravatar
    RebeccaMay 18, 2018

    I am with legal super, they have taken close to $100,000 out of my account since I stopped working 4 years ago. This seems to be excessive considering I know I selected low risk investments. How should I approach this issue?

    • Avatarfinder Customer Care
      MayMay 18, 2018Staff

      Hi Rebecca,

      Thanks for getting in touch.

      If you think you’re paying high fees and costs, it would be best to contact and confirm with Legal Super directly to find out what they are charging you. You can also check with them other important factors like returns, risk and the services the fund provides.

      Hope this helps.

      Cheers,
      May

  6. Default Gravatar
    sonnyFebruary 16, 2018

    Do all super funds have transition to retirement and if not is there anything that can be done about it?

    • Avatarfinder Customer Care
      JhezFebruary 24, 2018Staff

      Hi Sonny,

      Thank you for your comment.

      Not all super funds has transition to retirement feature. You may check this page to see more details about this.

      Types of accumulation funds are listed above.

      If you currently have defined benefit fund and wish to get an accumulated one, you can change fund. Please seek professional advise before switching because once you get out, you can’t switch back to defined benefit fund. I hope this helps.

      Regards,
      Jhezelyn

  7. Default Gravatar
    VanessaNovember 23, 2017

    Hi, I am going through a little bit of research about finding a good super fund for my son who is just starting in the workforce, and have already realized we need advise. He is a BC as he is working in landscaping and I was wondering if anyone could help us with this complicated decision. Is there a super that looks after young investors with low fees and low insurance premiums allowing their money to grow? Who could help us out? Kindly appreciate any response.

    • Avatarfinder Customer Care
      HaroldNovember 23, 2017Staff

      Hi Vanessa,

      Thank you for your inquiry.

      If you are currently unsure about Super Fund you may need to read our guide here for your further reference.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    GlennJune 27, 2017

    Hi I’m wondering if you could help me out I’m in a bad position for a long time now and I’m not having any luck in being able to get out of it I’ve got a crappy credit rating and at the moment well for about 3 1/2 years I’ve been unable to secure work so my hole just keeps getting bigger I’ve got 2 super funds both with the same sort of amount in them
    So I’m wanting to have about $8,000 released from one of them but Centerlink is more concerned with putting me further in debt and on the street with my daughters who are 11 years old and 14 years old and in doing this we would loose everything we have to our names and truthfully we can not go through that again as we lost every thing we had and we also have had to Come to terms with loosing my baby boy who was 3 years old this all happened in a house fire and now since the break down of my marriage and my ex wife leaving and abandoning my daughters we are on the verge of being homeless and with out any thing I’ve had to sell my tools of my trade my vehicle has given up andblue
    Thanks for your time I
    And I’m hoping for mine and my daughters sake I hope that you are able to help us with this

    • Avatarfinder Customer Care
      MayJune 30, 2017Staff

      Hi Glen,

      Thanks for reaching out and I’m sorry to hear about your difficult situation right now.

      Basically, your super fund cannot be accessed early if you have not reached the preservation age, not unless your reason for access is one of the following:

      – Certain compassionate grounds, like to prevent the foreclosure of your home, paying medical bills, disability expenses or covering funeral costs
      – Serious financial hardship, including to cover reasonable immediate living expenses for your family, such as loan repayments, rent arrears, car repairs, medical costs and overdue bills
      – In the event of you being temporarily or permanently incapacitated
      – If you are diagnosed with a terminal disease or injury

      In the meantime, in case you may want to reconsider looking for a lender who might offer you a loan, please check this page. Though the amount you can borrow and your approval would be on a case by case basis depending on the lender, so best to get in touch with them before you submit your application to discuss your options/eligibility.

      Hope this helps.

      Cheers,
      May

  9. Default Gravatar
    DavidOctober 21, 2016

    Hi – are you able to send me a list of all Brisbane based super funds? I can see all fund but can narrow the search to Brisbane based only. I am interested in funds that have a head office in Brisbane only.

    Thanks very much for your help.

    • Avatarfinder Customer Care
      HaroldOctober 21, 2016Staff

      Hello David,

      Thank you for your question.

      Unfortunately, listings can’t be filtered by state. But rest-assured the ones we provided on the website can be opened by anyone in Australia.

      I hope that helps.

      Cheers,
      Harold

  10. Default Gravatar
    EllyJune 22, 2015

    Hi i ‘ve got a problem that i transfer my money error to my superannuation when i’m doing online transfer. Could you please help me to find out any solution? If you need more detail, i can provide you.
    Hope to hear from you soon.
    Thanks

    Regard,
    Elly

    • Avatarfinder Customer Care
      BelindaJune 23, 2015Staff

      Hi Elly,

      Thanks for your enquiry.

      I’ve sent you an email to gain further clarification regarding this transfer.

      Thanks,
      Belinda

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