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Compare super funds

Compare super funds for free on Finder and make sure your money is working hard for your retirement

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Our free comparison tool can make comparing super funds much easier. Use our table to compare a range of leading super funds by looking at their past performance returns and annual fees. To maximise your investment, look for high performance figures and low fees. When you find one that suits, click Go to site and we'll take you securely to the fund's website.

Promoted
Virgin Money Super Lifestage Tracker invests in a mix of assets in line with your age, investing in more growth assets while you’re young and reducing your risk as you near retirement. It has achieved a return of 10.07%p.a. over the last 5 years, with annual fees of $392.99 for a $50k balance.
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

1 - 16 of 55
Name Product 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.)

Virgin Money Super - LifeStage Tracker

Virgin Money Super - LifeStage Tracker
+17.17%
+13.68%
+10.01%
New Fund
$392
This is a high-risk investment option that aims to deliver higher returns over the long term.

Virgin Money Super LifeStage Tracker is a lifestage super product, so your mix of investments will be continually readjusted in line with your age. This means you'll be invested in more growth assets while you're young.

Australian Retirement Trust (formerly Sunsuper for Life) - Lifecycle Balanced Pool

Australian Retirement Trust (formerly Sunsuper for Life) -  Lifecycle Balanced Pool
+16.31%
+11.45%
+9.58%
+10.14%
$557
Sunsuper and QSuper have merged to create Australian Retirement Trust, one of Australia's largest super funds with more than 2 million members. Its Lifecycle Balanced product invests your super in a mix of growth assets, and reduces your risk when you're near retirement.

AustralianSuper - Pre-mixed, Balanced option

Finder Award
AustralianSuper - Pre-mixed, Balanced option
+15.02%
+12.42%
+10.31%
+10.66%
$472
AustralianSuper is an award-winning industry super fund and the largest super fund in Australia. The Balanced fund invests in a mix of different assets like shares, property and cash.

Australian Ethical Super Balanced

Green Company
Australian Ethical Super Balanced
+13.19%
+12.82%
+9.71%
+9.78%
$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.

Aware Super High Growth

Aware Super High Growth
+18.15%
+14.45%
+11.63%
+11.83%
$694
This is a high-risk investment option that aims to deliver higher returns over the long term.
If you join Aware Super's default MySuper Lifecycle option your super will be invested in the High Growth option while you're under 55, giving more exposure to local and international shares.

Australian Catholic Super Lifetime - Grow

Australian Catholic Super Lifetime - Grow
+13.2%
+10.02%
New Fund
New Fund
$488
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.

UniSuper Balanced

UniSuper Balanced
+12.48%
+12.15%
+9.77%
+10.58%
$321
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 charges some of the lowest fees of all default super products.

HESTA Balanced Growth

HESTA Balanced Growth
+14.54%
+10.74%
+9.07%
+9.69%
$528
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.

QSuper Lifetime - Aspire 1

QSuper Lifetime - Aspire 1
+12.67%
+10.33%
+9.03%
New Fund
$385
QSuper is part of Australian Retirement Trust. QSuper Lifetime automatically adjusts your investment mix in line with your age and your Lifetime account balance. Eligibility criteria and conditions apply to open a QSuper account (refer to 'More Info').

CareSuper Balanced

CareSuper Balanced
+12.64%
+10.3%
+8.64%
+9.82%
$608

AustralianSuper - Socially Aware

AustralianSuper - Socially Aware
+14.97%
+10.9%
+9.05%
+10.1%
$501
The AustralianSuper Socially Aware option doesn't invest in Australian or international companies that directly own coal and fossil fuel reserves, produce tobacco or those which have single-gender boards.

Bendigo SmartStart Super - Growth Index

Bendigo SmartStart Super - Growth Index
+14.46%
+12.38%
+9.08%
+10.4%
$353
Bendigo SmartStart is a retail super fund. The Growth Index Fund is the default MySuper option for members under 55.

Australian Retirement Trust (formerly Sunsuper for Life) - Socially Conscious Balanced

Australian Retirement Trust (formerly Sunsuper for Life) - Socially Conscious Balanced
+19.6%
+8.76%
+8.83%
+8.25%
$407
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.

Kogan Super - Enhanced Indexed Growth

Kogan Super - Enhanced Indexed Growth
+14.81%
New Fund
New Fund
New Fund
$332
Kogan Super offers low-fee, high-performing indexed investment options that are managed by Mercer, Australia's largest super administrator. The Enhanced Indexed Growth product invests around two thirds of your balance into Australian and global shares.

Australian Catholic Super Bonds

Australian Catholic Super Bonds
-1.66%
+3.98%
+3.87%
+3.83%
$268

Australian Catholic Super Conservative

Australian Catholic Super Conservative
+6.86%
+6.56%
+5.55%
+6.17%
$443
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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 and fee data is for the period ending December 2021.
Nicole-Pedersen-McKinnon
This article was fact-checked and reviewed by , an accredited and award-winning finance broker and industry mentor. Content has been updated for 2022.

What's happening with super funds in August 2022?

As of last month, the super guarantee rate is officially 10.5% p.a. (up from 10% p.a.) This means your employer is required to pay you a bit more towards your superannuation this year, which is good news for workers.

Super funds published their performance returns for the last financial year last month. On average, most default balanced and growth funds made a slight loss due to big share market price falls and ongoing volatility. Indusrty funds Hostplus, AustraliaSuper, Australian Retirement Trust and Cbus remain the top-performers over the past decade.

ASIC is due to release its list of worst super funds in August too, which names the funds that have underperformed. We'll be keeping a close eye on this and will publish the reults when it's out.

This update was made by Alison Banney on 2 August 2022.

Why you should compare super funds

In a nutshell, a better super fund will help you retire with more money. The more money you have in your super, the more financially comfortable you'll be in retirement.

Even though super is compulsory, super funds aren't all the same. In fact, there are more than 100 super funds to choose from and they all charges different fees and invest your super in different ways. This is why some super funds have better long-term performance than others.

A lot of people simply stick with the super fund they were given when they first started working, even though they might not have chosen the fund themselves. If you do this, you could get stuck with a poor-performing fund for life, and retire with much less super than you could have otherwise had if you'd switched early on. 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.

A lot of people simply stick with the super fund they were given when they first started working, even though they might not have chosen the fund themselves. If you do this, you could end up with a poor-performing fund for life, and retire with much less super than if you'd switched early on. Not picking the right super fund means, you could miss out on the full benefits that superannuation funds can provide, like insurance cover. 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.

If your interested in knowing more about what a comfortable retirement looks like and how much super you should have, then have a read of our how much super should I have guide.

If you've recently compared and are already with a high-performing, low-fee fund, there's no need to switch. You can rest easy knowing your money is working as hard as possible.

Super fund comparison tips from the experts

We spoke to some industry experts for more inside tips on getting the most out of your super fund.

What should you look for in a super fund?

Noel Whittaker is a 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 I help grow my super?

Nicole Pederson-McKinnon is a 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!"

How to compare super funds

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

  • Look for low fees. A general rule of thumb is to make sure the fees are less than 1% of the value of your super balance per year (so for a $50,000 balance, annual fees around $500 or less are relatively low).
  • Look for high past performance figures. But when looking at past performance, make sure to look at the 5 and 10-year performance instead of only looking at the past 1 year's performance. You want to look for a fund that has consistent performance over the medium to long term.
  • Choose 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". If you want more exposure to growth assets like shares, you'll find this with a high-growth option. Choose whichever strategy you think is right for you and your super.
  • Consider ethical investing (if it's important to you). If you're passionate about investing ethically and want to exclude certain industries such as fossil fuels or tobacco, choose a fund that offer a sustainable or ethical investment option.

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 are the different types of super funds?

You have 2 main choices to make with your super: choosing a super fund, then choosing the investment option within that fund.

Types of super funds

These are the main types of super funds you can choose from:

  • Industry super funds: These not-for-profit funds usually focus on a particular industry but are open to all Australians. Popular examples include AustralianSuper, Hostplus and HESTA.
  • Retail super funds: These funds are often owned by a bank, insurance provider or another type of large financial institution. Some examples are BT Super (owned by Westpac), Colonial First State (owned by CommBank) and Australian Ethical Super.
  • Member-owned funds: These are similar to industry funds in that they're not-for-profit, 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 or sector.

Your superannuation investment options

When you join the fund you'll initially be placed in its default product option which is called the MySuper product (usually this is the balanced option). This is the standard super option that is designed to suit most members, and it's where the majority of Australians have their super invested.

The alternative super investment options are usually based around risk level, for example:

Some funds offer a pre-made ethical investment option too.

Alison Banney

🔥 Quick tip when considering your super investment options

Alison Banney, superannuation editor

"You don't need to choose an investment option when you join a new fund if you don't want to. The default options are designed to suit most people, and many are among the top-performing funds each year. IF you do want to change your super investment option later, you can do this easily by logging in to your account online or via the fund's mobile app. "

Changing super funds

Here's what to do before you switch funds, and steps on how to switch.

What to do before switching funds

  • Check your super balance.Make sure you've received all you're entitled to from your employer over the last 12 months (you should see contributions from your employer at least 4 times a year).
  • Check your insurance cover. If you currently have insurance cover within your fund, check the new fund has a similar level of cover.
  • Check for any lost super. Now's a perfect time to look for any lost super you might have. You can do this via myGov online, and bring it over into your new fund.

Steps to switch funds

1. Choose a new fund. The comparison table above can help you choose a new super fund.
2. Join the new fund. Complete the online application form available on the fund's website.
3. Move your super into your new fund.Just enter the details of your previous fund when you submit the application form and the new fund will arrange for your balance to be transferred over - you don't need to do this yourself.
4. Let your employer know. Let your employer know right away so they can pay your next super guarantee payment to the correct fund.

If you need a bit more help, see our guide on how to change super funds for a detailed process.

Frequently asked questions

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22 Responses

  1. Default Gravatar
    PhilipApril 21, 2022

    Hi, I am trying to do a comparison with super fund fees. I notice that the examples shown only give fees based on a $50,000 balance. Do the fees percentage reduce for higher balances, for example $500,000 and above ?
    Thanks, Philip.

    • Avatarfinder Customer Care
      AlisonApril 29, 2022Staff

      Hello Philip,

      Yes, we only compare the fees for $50k balances at this stage, as this is the balance tier used by all funds in their PDS documents for easy comparison with others. Some funds do reduce their fee percentage for larger balances, and some do not. The $50k fee balance is to be used as a guide.

      You can see an itemized breakdown of the fund’s fees by looking at their PDS documents. We plan to introduce this comparison functionality soon, to allow people to compare the fees on different balances.

      Thanks,
      Alison

  2. 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

  3. 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

  4. 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

  5. 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

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