Aware Super | Performance, features and fees
Aware Super is a low-fee super fund with 12 different ways to invest including a MySuper option and an ethical investment option.
![Aware Super Aware Super](https://www.finder.com.au/niche-builder/653eee240c464.png)
Aware SuperBalanced Socially Conscious secured the top spot this year for Best Balanced Super Fund. Members can expect to pay an annual fee of $327 on a $50,000 balance. The fund has consistently delivered long-term performance returning an annual average of 8.4% over the past 10 years and 7.06% over the past 5 years.
Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.
*Past performance data and fee data is for the period ending Apr 2024
Aware Super Conservative Balanced secured the second position in the conservative category. The fund charges an annual fee of $454 on a $50,000 balance. It has maintained consistent performance, with an annual return of 6.29% over the past 10 years and 4.77% over the past 5 years.
Aware Super International Shares secured the second position in the single asset classes category, with an annual fee of $179.41 on a $50,000 balance. The fund has consistently provided solid returns in international equities, with an annual average of 11.59% over the past 10 years and 10.60% over the past 5 years.
You can choose to invest your super in one of the following pre-mixed investment options depending on your risk tolerance and personal preference.
If you don't want to choose, you'll automatically be invested in the High Growth option below until you're 55 years old. From 55 to 60 this will gradually adjust to the Growth option. And then change to Balanced Growth for members 60-65 years.
Pre-mixed investment option | Risk level | How your money is invested |
---|---|---|
High Growth | High | This option has the largest allocation towards growth assets including shares, and aims for higher returns over the long term. This option aims to invest about 65% of your balance in Australian and international shares. Due to the higher allocation towards shares, this option predicts more volatility in the short term compared with the lower-risk options. |
Growth | High | This option aims for high returns over the long term, with slightly less risk and volatility in the short term when compared to the High Growth option. This option aims to invest about 50% of your balance in Australian and international shares. |
Diversified Socially Responsible Investment | High | This option has a similar risk level to the Growth option, and aims to invest about 53% of your balance in Australian and international shares. However, this option excludes companies involved with fossil fuels, coal, tobacco, gambling, alcohol, pornography and live animal exports, while actively investing in companies developing renewable energy and innovative technologies. |
Balanced Growth | High | This option aims for growth over the medium to long term, however with less volatility in the short term when compared with the High Growth and Growth options. It aims to invest about 35% of your balance in Australian and international shares, with about 39% of your balance invested in defensive assets like credit, fixed income and cash. |
Conservative Growth | Low to medium | This option aims for some growth over the medium to long term, with much lower levels of risk and volatility than the other pre-mixed investment options. It only aims to invest about 13% of your balance in shares, with the rest invested in more stable, defensive asset classes like cash, fixed income and credit. |
If you want to be more hands-on with your super, you can build your own investment portfolio using one or a combination of these single asset class options.
Single asset class option | Risk | Target asset allocation |
---|---|---|
Cash | Very low | Cash: 100% |
Australian Equities | Very high | Australian equities: 100% |
International Equities | Very high | International equities: 100% |
Property | High | Listed and unlisted property: 100% |
Australian Fixed Interest | High | Fixed income: 100% |
International Fixed Interest | High | Fixed income (international): 100% |
Australian Equities Socially Responsible Investment | Very high | Australian equities: 100% |
You can opt in for the following default insurance when you become an Aware Super member:
Your level of cover will depend on your age and occupation, and you can reduce your level of cover or cancel your cover altogether at any time. You also have the option of adding income protection insurance cover at any point.
You can join Aware Super online; and the application process is simple and should take you 10-20 minutes to complete.
Make sure you have the following details handy before you start the application:
Once your application has been completed successfully, you'll receive the details of your membership by email. You should then give these details to your employer if you'd like your compulsory employer super payments to go into your Aware Super fund.
Use our free superannuation calculator to see your projected retirement balance, and how this could change by switching funds.
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i’m 67 this year till working full time can i access my super and not affect my taxable income
Hi Brian,
We’re not licenced to provide taxation advice. However this information on the ATO website might be useful.
Hope this helps!
Can i join Aware with zero funds. Funds will start going in as soon as i give my details to my employer. How long does it takes to be effective member? Can i give my membership details to my employer as soon as possible once i received it. Thank you.
Hi,
Yes you can join the fund without bringing over any money into it initially. You’ll receive your membership details right away after your application is complete, which you can give to your employer.