What is MySuper in Australia?

MySuper products are the default super investment option that Australian employers offer employees. When you join a super fund in Australia, you'll be placed in the fund's MySuper product unless you select a different investment option.

Is MySuper safe in Australia?

Yes, MySuper products are heavily regulated in Australia.

Do MySuper products perform well?

Yes, many MySuper products have strong investment returns (but not all do). In fact, of the top performing super funds over the last dacade, many of them are MySuper products.

Is MySuper compolsory?

It is compolsory for all employeers in Australia to be paid superannuation. However, it is not compolsory to use a MySuper product. You can choose how to invest your superannuation, but if you don't want to choose, a MySuper product is the default option.

What Is MySuper? Fees, Features, Pros & Cons

The MySuper product is a super fund's default investment option for all members, unless you choose your own investment option.
MySuper options are usually a balanced or growth product which are designed to suit most members.
If you're young, you may want to choose your fund's high growth investment option instead.

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Finder Score	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.)
9.2 Excellent Aware Super Future Saver - MySuper Lifecycle Manage Age 56 Industry fundLifestageHigher risk	9.2 Excellent	Last 1 year performance (p.a.) +5.89%	Last 3 year performance (p.a.) +10.79%	Last 5 year performance (p.a.) +6.97%	Last 10 year performance (p.a.) +9.06%	Fees on $50k balance (p.a.) $392	Go to site View details Compare product selectionCompare	loading
9.5 Excellent AMP Super MySuper Lifestages 1980s Finder AwardLifestageHigher risk	9.5 Excellent	Last 1 year performance (p.a.) +7.51%	Last 3 year performance (p.a.) +12.44%	Last 5 year performance (p.a.) +7.9%	Last 10 year performance (p.a.) +8.65%	Fees on $50k balance (p.a.) $411	Go to site View details Compare product selectionCompare	loading
9.8 Excellent Vanguard MySuper - Lifecycle Age 48 NewLifestageHigher risk	9.8 Excellent	Last 1 year performance (p.a.) +7.34%	Last 3 year performance (p.a.) +13.29%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 2014-2018 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.3%	Last 3 year performance (p.a.) +13.33%	Last 5 year performance (p.a.) +8.47%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1974-1978 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.31%	Last 3 year performance (p.a.) +13.35%	Last 5 year performance (p.a.) +8.43%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1979-1983 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.32%	Last 3 year performance (p.a.) +13.33%	Last 5 year performance (p.a.) +8.39%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1984-1988 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.26%	Last 3 year performance (p.a.) +13.27%	Last 5 year performance (p.a.) +8.4%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Vanguard MySuper - Lifecycle Age 47 and under NewLifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.59%	Last 3 year performance (p.a.) +13.6%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1989-1993 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.24%	Last 3 year performance (p.a.) +13.2%	Last 5 year performance (p.a.) +8.38%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1994-1998 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.19%	Last 3 year performance (p.a.) +13.11%	Last 5 year performance (p.a.) +8.34%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Virgin Money LifeStage Tracker Born 1999-2003 LifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.11%	Last 3 year performance (p.a.) +13.03%	Last 5 year performance (p.a.) +8.26%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.7 Excellent Vanguard MySuper - Lifecycle Age 49 NewLifestageHigher risk	9.7 Excellent	Last 1 year performance (p.a.) +7.09%	Last 3 year performance (p.a.) +12.98%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading
9.6 Excellent Virgin Money LifeStage Tracker Born 2004-2008 LifestageHigher risk	9.6 Excellent	Last 1 year performance (p.a.) +7.11%	Last 3 year performance (p.a.) +12.96%	Last 5 year performance (p.a.) +8.2%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.6 Excellent Virgin Money Super - LifeStage Tracker LifestageHigher risk	9.6 Excellent	Last 1 year performance (p.a.) +6.75%	Last 3 year performance (p.a.) +13.06%	Last 5 year performance (p.a.) +8.26%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.6 Excellent Virgin Money LifeStage Tracker Born 2009-2013 LifestageHigher risk	9.6 Excellent	Last 1 year performance (p.a.) +7.01%	Last 3 year performance (p.a.) +12.83%	Last 5 year performance (p.a.) +8.18%	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $358	Go to site View details Compare product selectionCompare	loading
9.6 Excellent Vanguard MySuper - Lifecycle Age 50 NewLifestageHigher risk	9.6 Excellent	Last 1 year performance (p.a.) +6.85%	Last 3 year performance (p.a.) +12.67%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading
9.6 Excellent Vanguard MySuper - Lifecycle Age 51 NewLifestageHigher risk	9.6 Excellent	Last 1 year performance (p.a.) +6.6%	Last 3 year performance (p.a.) +12.37%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading
9.5 Excellent Vanguard MySuper - Lifecycle Age 52 NewLifestageHigher risk	9.5 Excellent	Last 1 year performance (p.a.) +6.41%	Last 3 year performance (p.a.) +12.12%	Last 5 year performance (p.a.) N/A	Last 10 year performance (p.a.) N/A	Fees on $50k balance (p.a.) $280	Go to site View details Compare product selectionCompare	loading

Showing 18 of 66 results

The information in this 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. In limited instances, where data is not available from SuperRatings for a product, the data is provided directly by the superannuation fund.

*Past performance data and fee data is for the period ending September 2026

Finder Score for super funds

Finder Score makes comparing superannuation products easier by scoring products out of 10 after assessing their performance, fees and features.

We assess products from over 40 providers based on their risk profile.

Read the full methodology

What is MySuper?

MySuper is a type of superannuation product, and is usually the default option offered by Australian super funds. This means when you join a super fund you'll automatically be placed in the fund's MySuper investment option, unless you choose to be in a different investment option.

The idea of MySuper products is that they are low-cost, simple products without any confusing investment options or special features that are hard to understand. MySuper products are offered by both retail super funds and industry super funds as an investment option alongside their existing investment options.

All Australian employers have a default super fund for employees who don't already have their own super fund, or who don't want to choose a super fund themselves. MySuper is a government initiative to provide simple super products for employers to choose as their default fund for employees. MySuper options have basic features and fee structures allowing members to compare funds easily based on cost, investment performance and insurance.

The features of MySuper products

MySuper products typically have the following features:

Low, simple fees (although some are much higher than others, so you still need to compare)
Simple features
Simple, default insurance options which you can easily opt out of if you wish
A single diversified investment option, or
A lifecycle investment option based on your age
Investment strategy that isn't too high-growth, or too conservative

Expert insight

"MySuper is designed to simplify super; regardless, it's still important to compare performance and fees. Even small differences can add up over time, especially for women who typically retire with less super than men."

Pascale Helyar

Superannuation and wealth expert

MySuper investment options

There are two main investment options offered by MySuper products; a diversified investment portfolio or a lifecycle strategy that invests based on your age.

Lifecycle investment option

With this option, your super is invested according to your age. For example when you're young your super will be invested in more high-risk growth assets like shares, because you have more time to ride out any market volatility. If you're older (for example in your 50s) your super will be invested in more low-risk options like term deposits and bonds.

This is a good set-and-forget investment strategy because it will be adjusted for you as you get older, to make sure it's invested appropriately. This means you won't have to think about your super until you're looking to retire, which is appealing for a lot of people who don't want the stress of managing their super.

Single diversified investment option

This investment option offers one single diversified portfolio (diversified simply means it's got a mix of different assets, such as shares, property, infrastructure, fixed interest and cash). This option doesn't invest in line with your age, but is still managed on your behalf and continually adjusted. A lot of these investment options will allocate about 70% of your super balance to growth assets (higher risk, but higher return assets like shares) and about 30% to defensive assets (like cash products). They're usually called 'Growth' or 'Balanced' options.

Learn more about the different super fund investment options available.

Is MySuper right for you?

MySuper products are designed to broadly suit most members. This is because they don't take on excessive amount fo risk by invested too heavily to growth assets, but they still do proioritise growth.

However, this doesn't mean that your fund's default MySuper option is the best product for you. It's generally recommended that you invest into a growth or high growth super investment option while you're still young (in your 20s, 30s and 40s). You might find that your fund's MySuper option doesn't invest as strongly into growth assets as you'd like it to.

"I ignored my super balance for years. I even kept an old fund open with a few thousand dollars in it. Bad idea. Then I consolidated funds and switched from my default balanced option to a higher growth, higher risk option.

This suits me because I am decades from retirement, so I can handle some volatility. And growth is my main objective. I only wish I'd done it earlier in life!"

Richard Whitten

Senior Money Editor

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MySuper options: Some popular examples

It's likely that the super fund you've currently got your super balance in is a MySuper fund, but just isn't named as such. Here are some examples of popular super funds and their default MySuper option.

Super fund	MySuper product
AustralianSuper	AustralianSuper Balanced
Australian Ethical Super	Australian Ethical Super Balanced
Hostplus	Hostplus Balanced
Australian Retirement Trust	Australian Retirement Trust Super Savings - Lifecycle Investment Strategy
REST Super	REST Super Core Strategy
UniSuper	UniSuper Balanced

Pros and cons of Mysuper

Pros

MySuper is designed to suit a large range of members.
Lifecycle investment strategy is a great set-and-forget option.
MySuper must offer a standard level of life and Total and Permanent Disability (TPD) insurance.
MySuper is easy understand, and simple to use and manage.
MySuper should have low, straightforward fees.
MySuper products are among the top-performing funds each year.

Cons

MySuper may not be the best option for you personally.
If you want to be very 'hands-on' with your super, MySuper doesn't allow this.
Your fund's MySuper option may be less growth-oriented than others.

Frequently Asked Questions

Finder writers are subject matter experts and use primary sources, in-depth research and interviews with other experts to ensure you're getting accurate, up-to-date information. Articles are fact checked in line with our editorial guidelines.
1. Finder, super fund performance
2. APRA, MySuper Product Heatmap

Thank you for your feedback!

Written by

Alison Banney

Editorial Manager, Money

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Alison is an editor at Finder and a personal finance journalist with over 10 years of experience, having contributed to major financial institutions and publications such as Westpac, Money Magazine, and Yahoo Finance. She is frequently quoted in media outlets like SmartCompany and SBS, offering expert insights on superannuation and money management. Alison holds a Bachelor of Communications in Public Relations and Journalism from the University of Newcastle, and has earned three ASIC RG146 certifications in superannuation, securities and managed investments and general financial advice, ensuring her expertise is fully aligned with ASIC standards. See full bio

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Alison has written 592 Finder guides across topics including:

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4 Responses

DarrenAugust 22, 2019

What is the difference between MYSUPER and a regular BALANCED fund?

Finder

JeniAugust 23, 2019Finder

Hi Darren,

Thank you for getting in touch with Finder.

A balanced fund is a type of investment option while MySuper is one of the superannuation options for Australians. Your fund’s various investment options may contain the same types of assets, but at a different weighting and to suit the level of risk you are comfortable with. You can learn more about the balanced funds.

I hope this helps.

Thank you and have a wonderful day!

Cheers,
Jeni

PaulMay 19, 2017

I wish to compare the % return on my allocated pension accounts with you, with my “locked up ” account with BT.
All the years from 2009 onwards please. Also is the annual charge still $400 , in fact , what are the total annual costs with my cbus and , if relevant , when did they change.
(I intend fighting Westpac and wish to hi-lite what’s available compared with their awful costs and financial adviser performance.)
Thank you in anticipation.

Finder

MayMay 30, 2017Finder

Hi Paul,

Thank you for reaching out. Please note that you’ve come through to finder.com.au – a financial comparison website and general information service designed to help consumers make better decisions. We do not offer super funds and we are not affiliated with any company we feature on our site so we can only offer general advice.

I’m afraid we do not have that information you are looking for. Is your account with Cbus? If so, please contact them directly if you’d like to compare the return on your allocated pension and all other fees and charges as well as the changes on your account.

In case, you can also find super funds available for you on our website. You can also read more details on industry super funds.

Alternatively, you can speak to a financial adviser who can help you manage your super.

Cheers,
May

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What is MySuper?

A MySuper fund is a low-cost, simple superannuation fund product. A MySuper product is usually the default super product offered by superannuation funds to members, and it's where the majority of Australians have their super invested.