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*
Compare super funds below
Use our comparison table to compare super funds based on performance, fees and insurance options.
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.
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.
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.
Changing super funds
Over the course of your working life, staying faithful to an underperforming fund could cost you tens or even hundreds of thousands of dollars. Once you've compared super funds and made the decision to switch, arm yourself with an understanding of the steps involved in making it happen.
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.
MySuper accounts have basic features and fee structures allowing members to compare funds easily based on cost, investment performance and insurance. Read this guide to find out more.
Industry Super Funds
Industry funds are designed for workers in a specific industry and often offer lower fees and a variety of insurance and investment options. Read this guide to compare industry super funds in Australia.
Corporate Super Funds
Corporate funds are offered by businesses to their employees. These are generally default funds but are not openly available to the public.
Ethical Super Funds
An ethical fund chooses investment options based on a set of social, environmental and ethical criteria. Read this guide to find out which super funds offer ethical investment options.
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.
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.
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.
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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