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Best super funds to make you feel super sassy at 67

Fees, performance returns, investment options - we crunched it all to help you add a few extra zeroes.

Best Conservative Fund
Finder Award
HESTA offers above-average 10-year returns on its conservative investment option. Members also have the ability to speak to a Super Adviser at no cost.
Best Ethical Fund
Green Company
Australian Ethical has taken home the Finder Green Super Fund of the Year 2020-2023. Its Growth option is designed for members looking to invest ethically but want long term growth potential.
Best Low Fee Super Fund
Finder Award
An industry super fund open to all Australians with over 1.7 million members. Hostplus has delivered strong long-term performance and charges below average fees.
1 - 16 of 455
Name 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.) More info
Hostplus Indexed Balanced
Hostplus logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+10.45%
Last 3 year performance (p.a.)
+6.07%
Last 5 year performance (p.a.)
+6.97%
Last 10 year performance (p.a.)
+7.49%
Fees on $50k balance (p.a.)
$136
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Industry fundHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationSingle asset class
Investment TypeHigh growth
Aware Super High Growth
Aware Super logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+10.29%
Last 3 year performance (p.a.)
+6.3%
Last 5 year performance (p.a.)
+8.08%
Last 10 year performance (p.a.)
+8.71%
Fees on $50k balance (p.a.)
$497
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Industry fundHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeHigh growth
Virgin Money Super - LifeStage Tracker
Virgin Money Super logo
LifestageHigher risk
Last 1 year performance (p.a.)
+11.76%
Last 3 year performance (p.a.)
+6.48%
Last 5 year performance (p.a.)
+7.5%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$346
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Fund CategoryRetail
Insurance
  • Death
  • TPD
DiversificationDiversified
Investment TypeHigh growth
Australian Ethical Super Australian Shares
Australian Ethical Super logo
Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
+11.04%
Last 3 year performance (p.a.)
+2.22%
Last 5 year performance (p.a.)
+8.9%
Last 10 year performance (p.a.)
+10.38%
Fees on $50k balance (p.a.)
$778
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Green Company
EthicalHigher risk
Go to site
Fund CategoryRetail
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationSingle asset class
Investment TypeHigh growth
Australian Retirement Trust - High Growth
Australian Retirement Trust logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+10.61%
Last 3 year performance (p.a.)
+8.35%
Last 5 year performance (p.a.)
+8.88%
Last 10 year performance (p.a.)
+9.22%
Fees on $50k balance (p.a.)
$542
Go to siteMore Info
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
DiversificationDiversified
Investment TypeHigh growth
Hostplus Balanced
Hostplus logo
Industry fund
Last 1 year performance (p.a.)
+7.77%
Last 3 year performance (p.a.)
+6.68%
Last 5 year performance (p.a.)
+7.24%
Last 10 year performance (p.a.)
+8.37%
Fees on $50k balance (p.a.)
$606
Go to siteMore Info
Industry fund
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeBalanced
Equip MySuper
Equip Super logo
Industry fund
Last 1 year performance (p.a.)
+8.76%
Last 3 year performance (p.a.)
+5.38%
Last 5 year performance (p.a.)
+6.26%
Last 10 year performance (p.a.)
+7.16%
Fees on $50k balance (p.a.)
$467
Go to siteMore Info
Industry fund
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeBalanced
Aware Super Balanced
Aware Super logo
Industry fund
Last 1 year performance (p.a.)
+8.71%
Last 3 year performance (p.a.)
+5.29%
Last 5 year performance (p.a.)
+6.67%
Last 10 year performance (p.a.)
+7.42%
Fees on $50k balance (p.a.)
$462
Go to siteMore Info
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeBalanced
Australian Retirement Trust - International Shares Index (unhedged)
Australian Retirement Trust logo
Finder AwardIndustry fundIndexed investmentHigher risk
Last 1 year performance (p.a.)
+18.15%
Last 3 year performance (p.a.)
+10.32%
Last 5 year performance (p.a.)
+10.9%
Last 10 year performance (p.a.)
+11.96%
Fees on $50k balance (p.a.)
$187
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Finder Award
Industry fundIndexed investmentHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
DiversificationSingle asset class
Investment TypeHigh growth
Spaceship - GrowthX
Spaceship logo
Higher risk
Last 1 year performance (p.a.)
+18.87%
Last 3 year performance (p.a.)
+4.85%
Last 5 year performance (p.a.)
+9.03%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$503
Go to siteMore Info
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Fund CategoryRetail
Insurance
  • No automatic cover
DiversificationDiversified
Investment TypeHigh growth
HESTA Balanced Growth
HESTA logo
Industry fund
Last 1 year performance (p.a.)
+8.13%
Last 3 year performance (p.a.)
+6.19%
Last 5 year performance (p.a.)
+6.93%
Last 10 year performance (p.a.)
+7.58%
Fees on $50k balance (p.a.)
$477
Go to siteMore Info
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeBalanced
Australian Ethical Super International Shares
Australian Ethical Super logo
Green CompanyEthicalHigher risk
Last 1 year performance (p.a.)
+16.7%
Last 3 year performance (p.a.)
+8.37%
Last 5 year performance (p.a.)
+9.42%
Last 10 year performance (p.a.)
+9.76%
Fees on $50k balance (p.a.)
$643
Go to siteMore Info
Green Company
EthicalHigher risk
Go to site
Fund CategoryRetail
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationSingle asset class
Investment TypeHigh growth
Hostplus Australian Shares
Hostplus logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+9.35%
Last 3 year performance (p.a.)
+7.79%
Last 5 year performance (p.a.)
+8.88%
Last 10 year performance (p.a.)
+8.89%
Fees on $50k balance (p.a.)
$426
Go to siteMore Info
Industry fundHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationSingle asset class
Investment TypeHigh growth
Virgin Money Super Indexed Overseas Shares
Virgin Money Super logo
Indexed investmentHigher risk
Last 1 year performance (p.a.)
+19.95%
Last 3 year performance (p.a.)
+11.63%
Last 5 year performance (p.a.)
+11.71%
Last 10 year performance (p.a.)
N/A
Fees on $50k balance (p.a.)
$383
Go to siteMore Info
Indexed investmentHigher risk
Go to site
Fund CategoryRetail
Insurance
  • Death
  • TPD
DiversificationSingle asset class
Investment TypeHigh growth
Equip Growth
Equip Super logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+10.89%
Last 3 year performance (p.a.)
+6.19%
Last 5 year performance (p.a.)
+7.53%
Last 10 year performance (p.a.)
+8.29%
Fees on $50k balance (p.a.)
$467
Go to siteMore Info
Industry fundHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationDiversified
Investment TypeHigh growth
Hostplus International Shares
Hostplus logo
Industry fundHigher risk
Last 1 year performance (p.a.)
+16.23%
Last 3 year performance (p.a.)
+4.23%
Last 5 year performance (p.a.)
+8.42%
Last 10 year performance (p.a.)
+9.75%
Fees on $50k balance (p.a.)
$331
Go to siteMore Info
Industry fundHigher risk
Go to site
Fund CategoryIndustry
Insurance
  • Death
  • TPD
  • Income Protection
DiversificationSingle asset class
Investment TypeHigh growth
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Showing 16 of 36 results

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

Figuring out the best super fund performance for 2024

It's impossible to measure future performance of any super fund. That's why we look at past performance. Which can only be an indication rather than a prediction of future returns.

Using data from the 2023 Finder Awards, we have the following winners based on different super fund categories:

  • Best Balanced Super Fund: Aware Super - Balanced Socially Conscious has an annual return of 8.4% over the past 10 years and 7.06% over the past 5 years.
  • Best Conservative Super Fund: HESTA Conservative offered a steady annual average return of 5.45% over the past 10 years and 4.28% over the past 5 years.
  • Best Conservative Balanced Super Fund: AustralianSuper Conservative Balanced had a return of 6.74% over the past 10 years and 5.04% over the past 5 years​​.
  • Best High Growth Super Fund: UniSuper Sustainable High Growth delivered an annual average of 10.35% over the past 10 years and 8.48% over the past 5 years​​.
  • Best Low Fee Super Fund: Hostplus Indexed Balanced had fees of $136 p.a on a $50,000 balance. The fund delivered 7.93% p.a over the past 10 years and 6.49% over the past 5 years.
  • Single Asset Classes Super Fund: Australian Retirement Trust - International Shares Index (unhedged) had an annual return of 12.26% over the past 10 years and 10.13% over the past 5 years​​.

For more detailed insights into these categories and winners, take a look at our Finder Superannuation Awards 2023 page.

We put every effort into ensuring information on Finder is accurate. This article was reviewed by Karen Eley from our Editorial Review Board as part of our fact checking process.

How do we pick the best super funds?

At Finder, we understand that there is no one-size-fits-all "best" super fund. The ideal fund for you depends on your life stage, risk tolerance and growth objectives. To guide you effectively, we've selected super funds catering to different life stages and financial goals.

Our methodology involves a comprehensive analysis of various factors including performance, fees and investment options. We scrutinise funds to ensure they meet diverse investor needs, from those just starting their careers to those nearing retirement.

What's the highest-performing Australian super fund in 2024?

In the current year we can look at 2023 returns to find the highest-performing funds. And the super funds with the highest returns last year are all single sector investment options that invest entirely in shares.

These investment options have returned over 20% for members over the 12 months to June 2023.

Mine Super's International Shares option was the top performer over the financial year with a return of 22.77%. Some other high-performing funds include Virgin Money Super Indexed Overseas Shares with a return of 21.49%, Aware Super International Shares with 20.72% and Australian Retirement Trust International Shares Index (unhedged) with 20.37%.

Although these funds have achieved outstanding high returns over the past year, they're all very high-risk investment options as they invest exclusively in international shares. The recent financial year was a good one for the share market, but it's important to remember that when there's a market fall, these options would be likely to instead make a negative return.

Kirby Rappell, executive director of SuperRatings, highlights this aspect in a July 2023 press release.

"Super funds have delivered competitive outcomes amid economic uncertainties, but high-return options are notably riskier, especially in volatile markets"​​

He also notes the importance of a long-term perspective, stating that "despite market fluctuations, superannuation's long-term performance remains strong, which is crucial for members not nearing retirement."

Over the long term (10 years), these funds have all achieved annual average returns of between 10% and 12% p.a.

Why it's important to make sure you're with a great super fund

Each year the regulator APRA analyses the market and identifies the worst super funds that are underperforming for members. APRA tested 58 MySuper products in 2023 which held $907 billion in assets, and the test showed an average performance of 0.41% above the benchmark.

APRA found that 80% of members' MySuper accounts perform above the benchmark, which is great if you are in that cohort. But for the remaining 20% the products underperformed by >0.50%. While only a small amount, you don't want your super to underperform.

You can use Finder's superannuation calculator to see an estimate of your retirement balance based on your current fund, versus if you switched to a different fund with better returns or lower fees.

How to pick the best super fund

Choosing the right super fund is crucial for your financial future. While the top-performing funds are a great start, they may not always align with your specific needs. If you're looking elsewhere, consider these key factors from our comparison table below:

High long-term returns. Look for funds with a consistent track record of strong returns over the long term (funds with 10-year returns above 7% p.a. are among the top performers).

Low fees. Higher fees can significantly eat into your retirement savings. Opt for funds with lower fees without compromising on performance (aim for annual fees less than 1.5% of your super balance).

Investment strategy aligns with your age. Your age and retirement goals should dictate your investment strategy. Younger investors might prefer high-growth options, whereas those nearing retirement may prioritise stability and have a shorter investing time horizon for a portion of their balance. If needing access to funds in the next 3-5 years, it's important to be invested in a lower risk option.
Access to insurance cover. Does the fund offers members cost-effective life, TPD and salary continuance policies?

Use these criteria as a guide to navigate through the comparison table and find the fund that best suits your financial situation and goals.

Gary Ross Hunter

I only moved to Australia 6 years ago so I'm playing catch up with my super. For me, low fees are important and to know my money isn't being invested in something that's destroying the planet. I also cancelled the life insurance inside my super because the premiums increase every year.
— Gary Ross Hunter, insurance and innovations editor

Methodology: How we choose our best super fund picks

We regularly look at the super funds in our database to determine which are the best offers for a range of different purposes. Specifically, here's how we determine each of our top pick recommendations:

FAQs about picking the best super funds in Australia

Why you can trust Finder's super fund experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees. Guaranteed.
expert adviceYou save time. We spend 100s of hours researching super funds so you can sort the gold from the junk faster.
independentYou compare more. Our comparison tools bring you more super funds from across the market.
Karen Eley is the founder of Women Talking Finance, which provides money coaching and financial literacy and education services. An experienced and former financial adviser who has worked in financial services industry for 22 years, Karen is a Certified Money Coach (CMC), holds a Bachelor of Accounting and an Advanced Diploma in Financial Planning and CFP.
Richard Whitten's headshot
Karen Eley's headshot
To make sure you get accurate and helpful information, this guide has been edited by Richard Whitten and reviewed by Karen Eley, a member of Finder's Editorial Review Board.
Alison Banney's headshot
Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 656 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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26 Responses

    Default Gravatar
    S.AJuly 12, 2023

    As a self employed, am I by law required to have a super fund? At 50, contemplating on starting a superannuation fund, plus paying for a 30 year mortgage, is there a table showing approximately returns on what amount is put in… Are there previous charts on what is put in and what is the outcome after 10/ 20 years?

      AvatarFinder
      SarahJuly 13, 2023Finder

      Hi there,

      When you are self-employed there is no legal requirement to pay yourself superannuation. However, there may be some tax advantages of doing so, not to mention the benefit of investment returns.

      We’re not licenced to offer personal advice, but this calculator can help you understand how much you might be able to generate through super (in the employer contributions section, enter the percentage that you are considering paying):
      https://www.finder.com.au/super-funds/superannuation-calculator

      Also, here is some more information about superannuation for self-employed Australians:
      https://www.finder.com.au/super-funds/superannuation-for-sole-traders

      Hope this helps!

    Default Gravatar
    rachaelJune 27, 2023

    i have a 15 year old who is working. what is the best super fund for teenagers?

      AvatarFinder
      RajJune 27, 2023Finder

      Hi Rachel,

      We won’t be able to recommend any specific super fund products for your son. However we have written what to look for when selecting a suitable fund here

      Thanks
      Raj

    Default Gravatar
    NavidJune 2, 2023

    Hi, I am looking for the best returning super fund taking into account as is stated on your website the fees, how the fund invests your money and if it aligns with your risk appetite which is high growth. The difficulty I am having is comparing high growth as the definition/asset class and the weightings between different super funds can vary so we are not comparing apples to apples. Currently I am with an industry fund and find since they run a lot of ads, fund profits/fees are eaten by the ads so I am looking for other type of funds that are also transparent. Thank you

      AvatarFinder
      AlisonJune 22, 2023Finder

      Hi Navid, Finder is a comparison site and we aren’t licensed to give you any personal advice or product recommendations. You can use our comparison table to compare high growth options, by using the filters on the side: https://www.finder.com.au/super-funds
      Hope this helps. Thanks,
      Alison

    Default Gravatar
    MariaMay 20, 2023

    Hi, I’m an international student (my plan is to get a PR eventually), and I am about to start 2 casual jobs; I do not know how to choose which is better for my situation. Could you please assist me with that?

    Thank you.

      AvatarFinder
      AlisonMay 22, 2023Finder

      Hi Maria, we aren’t licensed to offer you any personal financial advice or product recommendations. In general when choosing a super fund it’s best to look for a fund that has a combination of low annual fees and a history of high long-term returns. If you’d like some personal recommendations it’d be best to speak to a financial adviser who can give you recommendations for your situation. Thanks, Alison.

    Default Gravatar
    BarbMay 15, 2023

    If the fees charged by on a Pension account are a percentage of your balance, how do you lose money by having more than one account?

      AvatarFinder
      AlisonMay 16, 2023Finder

      Hi Barb, usually super funds charge a dollar based fee as well as a percentage based fee.

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