Compare super funds: The ultimate superannuation comparison guide

Compare superannuation funds now to enjoy a stress-free retirement later. Here's how to find the right super fund for your needs.

While superannuation is the main way of saving for retirement and is mandatory in Australia, there are many different funds available. Finding the right one for you can be extremely beneficial and all Australians should take the time to make sure they’ve found the best option for their needs. However, what you consider to be the “best” depends on your situation, including your age, appetite towards risk and also your personal preference.

This guide looks in depth at retail and industry funds and compares some of the best super fund options side-by-side, including fees and investment performance.

Compare super funds below

Name Product Past 1 Year Performance Past 5 Year Performance Past 10 Year Performance Insurance Included Calculated fees on $50,000
11.08%
10.51%
7.31%
Death, TPD, Income Protection
$421.76
10.70%
9.84%
6.94%
Death, TPD
$553.00
10.62%
N/A
N/A
Death, TPD
$348.00
N/A
N/A
N/A
Death, TPD, Income Protection
$683.00
9.12%
9.43%
N/A
Death, TPD
$470.56
7.30%
7.60%
N/A
Death, TPD, Income Protection
N/A
10.57%
9.51%
6.90%
Death, TPD, Income Protection
$593.53
6.70%
7.52%
5.02%
Death, TPD, Income Protection
$662.00
11.43%
8.76%
6.65%
Death, TPD
$703.00
8.79%
9.59%
6.86%
Death, TPD
$646.76
10.95%
10.41%
7.23%
Death, TPD, Income Protection
$610.00
7.41%
7.89%
n.a.
Death, TPD
$601.76
12.50%
11.02%
7.44%
Death, TPD, Salary Continuance
$621.76
9.39%
9.93%
3.69%
Death, TPD
$535.88
8.14%
N/A
N/A
Death, TPD
$678.00
8.76%
8.81%
7.50%
Death, TPD, Income Protection
$497.60
10.45%
10.14%
7.55%
Death, TPD, Income Protection
$376.00

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.

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

Finding the best super fund for your needs

Since super is a key source of your income during retirement, it's important to consider certain factors when you compare super funds in order to choose the right one for your circumstances, tolerance for risk and life stage.

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.

Legal ways to access your super early

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

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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14 Responses

  1. 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?

    • finder Customer Care
      JeniAugust 9, 2018Staff

      Hi Grahame,

      Thank you for getting in touch with finder.

      Pendion phrase is now called the retirement phase, which 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

  2. Default Gravatar
    May 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?

    • finder 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

  3. 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?

    • finder Customer Care
      JhezelynFebruary 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

  4. 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.

    • finder 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

  5. 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

    • finder 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

  6. 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.

    • finder 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

  7. 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

    • finder 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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