Compare super funds

Want to increase your retirement savings? The first step is to compare super funds, so you're in the right place. See the latest super fund fees and performance returns here.

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There's no better time than the present to get your super sorted. Your superannuation is your money, and it's up to you which super fund you're with. There are more than 100 super funds to choose from, and they all charge different fees and achieve different investment returns on your money. This means you can save a lot of money by comparing.

Use our table below to compare a range of leading super funds by looking at their past performance returns and annual fees. In terms of performance figures, you want these to be high. And for fees, the lower the better.

Promoted
Spaceship's investment portfolio has a strong focus on technology ETFs.

Spaceship's GrowthX fund is a high-growth option with increased exposure to Australian and international shares, aiming for strong long-term returns.
Promoted
Green Company
Certified by the Responsible Investment Association Australasia.

This fund invests in renewable energy, innovative technology and sustainable products while avoiding coal, oil, tobacco and live animal exports.

Compare super funds below

Name Product Last 1 year performance Last 3 year performance Last 5 year performance Last 10 year performance Annual fees on $50k balance
Sunsuper Lifecycle Balanced
20.62%
8.77%
9.84%
9.06%
$558
Sunsuper is an award-winning super fund with more than 1.4 million members. Its Lifecycle Balanced option invests your super in a mix of growth assets, and reduces your risk when you're near retirement.
Spaceship GrowthX
23.41%
15.25%
N/A
N/A
$536
This is a high-risk investment option that aims to deliver high returns over the long term.
Spaceship's GrowthX fund invests heavily in technology ETFs with high exposures to Australian and international shares. Performance figures and fees supplied by Spaceship, not Chant West.
Australian Ethical Super Balanced
17.96%
10.33%
9.67%
9.01%
$622
Certified by the Responsible Investment Association Australasia.
Australian Ethical seeks to invest in companies that have a positive impact on the planet, people and animals, such as renewable energy and healthcare while avoiding investments in coal, oil, tobacco and gambling.
QSuper Lifetime
17.11%
9.02%
8.61%
N/A
$360
QSuper is one of the largest profit-for-members funds in Australia. QSuper Lifetime continually adjusts your investment mix in line with your age and your super account balance.
UniSuper Balanced
17.6%
9.23%
9.55%
9.55%
$326
UniSuper is an industry super fund and one of Australia's largest super funds with more than 450,000 members. Its Balanced option invests in a mix of different asset classes and has achieved consistently high returns for members.
Virgin Money Super - Lifestage Tracker
22.17%
10.04%
N/A
N/A
$363
Virgin Money Super Lifestage Tracker has some of the lowest fees in the market. It invests in a range of different assets in line with your age, reducing your risk as you get older. Plus, you can earn Velocity Frequent Flyer Points when you rollover your super, and on the contributions you make (T&Cs apply).
Aware Super Growth
18.02%
8.81%
9.8%
8.97%
$519.42
Aware Super is a not-for-profit fund with more than 750,000 members. The MySuper product invests your super in a pre-mixed Growth fund until you’re 60, then it’ll switch to Balanced.
HESTA Balanced Growth
19.03%
8.48%
9.39%
8.87%
$533.53
HESTA is an industry super fund for the health and community services sector and open to all Australians. The Balanced Growth fund invests in a mix of asset classes without taking on too much, or too little, risk.
LUCRF MySuper Balanced
18.66%
7.64%
8.44%
7.96%
$497.64
LUCRF Super is an industry super fund open to all Australians with 11 different investment options available. Its default MySuper Balanced option is a simple, diversified portfolio designed to suit most members.
Australian Catholic Super Lifetime - Grow
17.36%
7.42%
N/A
N/A
$528
A Catholic super fund open to all Australians and designed for people working in Catholic education, healthcare or aged care.The Lifetime One fund option changes your investment mix as you get older.
Verve Super Balanced
6.2%
N/A
N/A
N/A
$691.10
Verve Super is an ethical super fund tailored for women. It seeks to invest in companies making a positive impact, such as renewable energy and women in leadership, while avoiding those that cause harm, such as fossil fuels, tobacco and guns.
Aware Super - Diversified Socially Responsible Investment
15.23%
8.1%
8.28%
8.12%
$406.18
The Aware Super Diversified Socially Responsible Investment is a pre-mixed investment option that excludes companies operating in the tobacco, ammunition, gambling, alcohol, forest logging and pornography industries, as well as companies that attribute 20% or more of their revenue to coal, oil and gas.
Sunsuper - Socially Conscious Balanced
19.6%
8.76%
8.83%
8.25%
$463
Certified by the Responsible Investment Association Australasia.
The Sunsuper Socially Conscious Balanced option avoids investment in companies that have significant exposure (more than 5% of revenue) to alcohol, tobacco, gambling, pornography, coal and nuclear power manufacturing. Investment performance as of 30 June 2020.
HESTA - Sustainable Growth
23.03%
11.93%
11.78%
11.28%
$780.29
HESTA Sustainable Growth is a pre-mixed, diversified investment option with a high to very high risk level. The investment managers take into account the social and environmental impact of the companies in which it invests, and excludes investment in tobacco, fossil fuels, uranium and weapon manufacturing. Investment performance as of 30 June 2020.
Australian Catholic Super Bonds
0.65%
5.04%
3.92%
4.1%
$488
Australian Catholic Super Conservative
9.31%
5.64%
5.57%
5.75%
$538
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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.

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*Past performance data is for the period ending June 2021.

Promoted
Sunsuper is an award-winning super fund with more than 1.4 million members. Its Lifecycle Balanced option invests your super in a mix of growth assets, and reduces your risk when you're near retirement.

Superannuation is the main way of saving for your retirement in Australia, and your super fund is the account that you use for this. Your superannuation will be paid into your chosen super fund by your employer, where it will then be invested on your behalf to help it grow.

There are hundreds of different super funds in the market, and the one you choose will impact how much your super grows.

What are the different types of super funds?

You have two main choices to make with your super; which fund to go with and what investment option to choose within that fund. Let's take a look at the types of funds available, and then the different investment options within them.

Types of super funds

The main types of super funds you can choose between are:

  • Industry super funds:Industry super funds are not-for-profit funds that may focus on a particular industry but are open to all Australians. Popular examples include AustralianSuper and HostPlus. As they're not-for-profit, profits go back into the fund to benefit new and existing members.
  • Retail super funds:Retail funds are for-profit funds owned by a bank, insurance provider or another type of large financial institution. Some examples are BT Super (owned by Westpac) and Colonial First State (owned by CommBank). Profits are split between members, shareholders and the financial advisers who sell the product to clients. Because they're owned by large financial institutions, retail funds often offer financial advice services to members.
  • Member-owned funds. These are also not-for-profit funds with profits going back into the fund to benefit members, however they're not part of the official Industry Super Funds group. Some of these funds might be reserved for people in a particular state.

Once you've chosen the type of fund you want, you need to consider how you want your money invested by that fund.

Your superannuation investment options

There are two main options available for how your super is managed. The option you choose will depend on the level of day-to-day control you want to have over your super, and how hands on you wish to be.

Option 1: Pre-made investment portfolio

This option requires the least amount of work to manage. It's also the option where the majority of Australians have their super invested, and all the funds in our comparison table above are pre-made super investment portfolios.

Super funds offer a range of pre-made investment portfolios to members that are completely managed for you by their investment teams. These portfolios will invest in a mix of different assets including local and international shares, property, unlisted assets, fixed interest and cash. All you need to do is select which pre-made option to go with and your fund will do the rest.

The different super investment options are usually based around risk level, for example 'balanced', 'growth', 'high growth' or 'conservative'. Some funds also offer a pre-made ethical investment option too. Most funds even offer a default pre-made investment option (often called a MySuper option), so you don't even need to choose between the different options if you don't want to.

Option 2: Build-your-own investment portfolio

If you want to be more hands-on with your super (but don't want to go so far as opening a self managed super fund), this is a good option. Many super funds will allow you to build your own investment portfolio by selecting a range of single asset classes to invest in.

For example, instead of a pre-made portfolio which usually invests in 6-7 asset classes, you might just want to invest in shares and property. So, you'd select the individual asset classes for shares and property, and the investment manages would do the rest (that is, they'd still pick the actual stocks to buy, not you). Or, you could even opt for 100% of your super to be invested in one asset class if you wanted to with this option.

Why you should compare super funds

There are lots reasons to compare super funds. Basically, a better super fund will help you retire with more money. The more money you have in your super, the more comfortable retirement you'll be able to live.

You need to compare super funds as they all charge different fees, and they all invest your super in different ways. This is why some super funds have better long-term performance than others. Comparing super funds early on in your working life can save you thousands of dollars in fees and help you retire with a lot more money.

How to compare super funds

Consider the following when you're comparing super funds in the comparison table above:

  • Look for low fees. The last column in the comparison table shows the total annual fees charged on a $50,000 super balance. To put it simply: the lower the fees the better. A general rule of thumb is to make sure you're not paying much more than 1% of the value of your super balance in fees per year (so for a $50,000 balance, funds with annual fees around $500 or less are relatively low). However, you should look at more than fees alone when comparing super funds.
  • Look for high past performance figures. Unlike the fees, you want to look for a fund with high performance figures. When looking at past performance, make sure to look at the three and five year performance instead of only looking at the past one year's performance. This is because you want to look for a fund that has high performance over the medium to long term.
  • An investment strategy you understand and agree with. Some funds offer life stage investment options, meaning they'll adjust your investments for you as you get older so you're not taking on too much risk. Similarly, a balanced fund will invest your money in a range of different things to ensure you're not 'putting all your eggs in one basket'. These aim to provide good returns while still protecting your super from big market crashes. Choose whichever strategy you think is right for you and your super.
  • Consider ethical investing (if it's important to you). Some funds also offer a sustainable or ethical investment option. If this is something you're passionate about, consider choosing a fund that has an ethical investment option available.

Or for a little bit more help, take a look at our picks of the best super funds to see if one of these is right for you.

What should you look for in a super fund?

Noel Whittaker is a leading personal finance expert, author and journalist. Picture not described

"You should be looking to join a super fund which will be your friend for life, so as well as high performance, look at the range of options available in every aspect.

The more transparent the fund, and the more simple the process, the better it is. Make sure your account will be online so you can look at your fund and change strategies any time you wish."

How can you help your super grow?

Nicole Pederson-McKinnon is a leading personal finance expert, author and journalist.Picture not described

"Your super needs looking after like your plants but, better still, YOU don't even have to supply the water... your employer does that! What you need to supply is the perfect growth conditions, which is easy.

You need a fund with low fees and a decent long-term track record, and you need to choose the investment option that is right for your age and risk appetite: the younger you are, the more growth assets you can safely hold. And a bit of extra water / money when you can afford it sure wouldn't hurt!"

Almost ready to switch? Here's 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 (you should receive contributions from your employer at least four times a year).
  • 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 next super guarantee payment to the correct fund.

Comparing super funds and switching is a quick, easy process (we promise!).

The table above can help you compare super funds and find one that's right for you. Once you've decided on a new fund, you'll be pleased to know that switching is quick and easy to do.

You can apply to join a new fund by completing the online application form. You'll need to fill in your personal details, select your investment option (you only have to do this if you want to, most Australians are in the default option) and the insurance cover you want. you'll also need to give the details of your employer and your old super fund, if you want to bring your super over into the new fund. This shouldn't take you any longer than 30 minutes to do.

Once you've submitted the form, the super fund will take it from there and do all the work for you. They'll set up your new fund and even contact your old fund to make sure all your super is transferred over as soon as possible. You don't even need to contact your old fund. If you need a bit more help, see our how to change super funds guide for a detailed step-by-step process.

Got it! What now?

Now that you understand how superannuation works and the different types of funds available, it's time to compare. 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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20 Responses

    Default Gravatar
    PhilSeptember 3, 2019

    Where does Equip rank with the other super funds?

      Avatarfinder Customer Care
      JeniSeptember 4, 2019Staff

      Hi Phil,

      Thank you for getting in touch with Finder.

      As of this writing, we do not have a review page about Equip Super. In one of their blogs in 2016, they were ranked 2nd in Australia for super transparency. Some of the most well known industry super funds include, AustralianSuper, HESTA, Sunsuper and Hostplus.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    GaryMay 20, 2019

    My daughter is a member of 2 super funds. Both have insurance for death and TPD. Are both funds obliged to pay out in the case of death? She is looking at consolidation into one super fund as well in the future to save on fees and insurance costs.

      Avatarfinder Customer Care
      JeniMay 21, 2019Staff

      Hi Gary,

      Thank you for getting in touch with Finder.

      Yes, she can receive payment from both policies if your daughter satisfy the conditions of both policies.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    WAYNENovember 29, 2018

    I am 80 yo and not satisfied with the fees and retuins from my current super and am looking to change to an Inddustry fund and am looking at Hostplus , Aust super and Virgin . What do you suggest.

      Default Gravatar
      NikkiNovember 29, 2018

      Hi Wayne.

      Thanks for getting in touch! As each person has unique situations, we are not able to suggest one industry fund for you. Our page above shows a list of superfunds and as you have chosen your top 3, the next step you can take is review what they offer as well as their terms and conditions to make sure it fits your needs. To read about the brand, click their name and it will direct you to our review page about them and if you want to go directly to their page, you may search their brand name on any web browser. Hope this helps!

      Best,
      Nikki

    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?

      Avatarfinder Customer Care
      JeniAugust 9, 2018Staff

      Hi Grahame,

      Thank you for getting in touch with Finder.

      The pension phase or retirement phase 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 the 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 our guide to learn more about choosing the right super fund.

      I hope this helps.

      Please feel free to reach out to us if you have any other inquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

    Default Gravatar
    RebeccaMay 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?

      Avatarfinder 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

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