Best Superannuation Funds

Superannuation is one of the most common, yet misunderstood topics in everyday finance. Most people know what superannuation is and recognise how important is, but few people have put any serious time into finding the best super fund for their lifestyle and financial goals. With so much advertising and industry jargon it can be difficult to see how one superannuation fund is different from another. To ensure you have the best super fund for your finances, we’ve decided to look at the major types of super funds available to Australians. A little bit of research and preparation can help you find the best superannuation fund for your retirement plans and futureproof your finances for whatever is lurking around the corner.

Read More...

Retail superannuation funds

Many Australians are signed on to a retail superannuation fund and these funds are generally run by banks or larger financial investment companies. Retail super funds are open to anyone and often offer a wide variety of investment opportunities for members. As they are owned by private companies however, it is important to note that retail funds are set up to retain some profit and not necessarily to members.

Industry superannuation funds

The other main superannuation option taken by Australians are industry superannuation funds. While some are open, industry super funds are typically restricted to members of industries and work with lower cost models for members. As industry super funds are not set up as private companies, any profits they make are put back into the fund with the intention of benefitting all the members.

Self-managed superannuation funds (SMSF)

An increasingly popular option for Australians looking to optimise their retirement finances is self-managed superannuation funds. With a self-managed super fund, you’re in control of where your money goes, rather than having it invested on your behalf by a fund manager. As you could imagine a self-managed super fund comes with its fair share of admin (and risk), but if you’ve got a background in finance it can potentially lead to greater returns.

Tips for finding the best superannuation fund:

  • Compare your options – Part of what makes superannuation such a difficult decision to get right is the set and forget aspect of the accumulation phase. No matter how far you’re into professional life it’s always a good idea to compare your options. The grass isn’t always greener on the other side, but you don’t want to be losing valuable money.
  • Consolidate your super – Australians with multiple superannuation funds are having their retirement finances bled dry by multiple fees and the tragedy is most of them don’t even realise it. If you’ve got multiple superannuation funds, it’s a good idea to find the best super fund for your financial goals and consolidate your super into that account.
  • Keep an eye on everything – Most Australians discard their regular superannuation updates, but it’s crucial to keep an eye on your retirement finances. Over time a difference in fee requirements can accumulate and make a big difference to the size of your nest egg.
85 listings

Best Superannuation Fund

Future Super
  • Award Winner 2022
  • 2021
Retail Superannuation Funds

Future Super

4.9 from 741 reviews

Latest review: I'm new to Future Super but have chosen them because I don't want to invest my second biggest asset (my super) in shares that will contribute to destroying my biggest asset (my

  • Transparency
    4.8 (431)
  • Customer Service
    4.8 (438)
  • Rates and Fees
    4.7 (350)
2nd Best Superannuation Fund
Verve Super
  • Award Winner 2021
Retail Superannuation Funds

Verve Super

4.9 from 186 reviews

Latest review: I have worked in some huge companies. The companies that work well take their mission and values from the top. Modern companies who play fair with gender equality are a better bet - which is why I’m t

  • Transparency
    4.9 (159)
  • Customer Service
    5.0 (160)
  • Rates and Fees
    4.7 (128)
3rd Best Superannuation Fund
Online Super Fund
  • Award Winner 2021
SMSF / Small Funds

Online Super Fund

5.0 from 131 reviews

Latest review: We were dubious to say the least regarding a change of accountant for our SMSF. Even though we went from online to online providers there is a definite feel of person to person contact from OSF. All

  • Transparency
    4.9 (118)
  • Customer Service
    4.9 (122)
  • Rates and Fees
    4.9 (70)
VicSuper
  • Award Winner 2022
  • 2021
Public Sector Superannuation Funds

VicSuper

4.7 from 356 reviews

Latest review: one of the worst performing super funds, since aligning with aware super the return has been pathetic and fees unrealistic for the service provided. they send an email trying to blame the markets for

  • Transparency
    4.7 (124)
  • Customer Service
    4.7 (128)
  • Rates and Fees
    4.3 (69)
Xpress Super
SMSF / Small Funds

Xpress Super

4.9 from 105 reviews

Latest review: We have been with Xpress since 2019 and are thoroughly satisfied with the service. Easy to use, very proactive management and provides all of the options we need. The staff are very helpful and

  • Transparency
    4.8 (34)
  • Customer Service
    4.8 (38)
  • Rates and Fees
    4.7 (30)

Related Articles

Previous
Super Funds Awards 2022!

A good super fund can make a substantial difference to the amount you retire with. From retail super funds to self managed super funds, view reviewer ratings for the top-rated super funds of 2022.

Wendy Z.
Wendy Z.
super-funds-awards-2020
Credit Card Awards 2020

Whether it's the sign up bonus, rates and fees, or reliable customer service that you look for in a credit card, a credit card is often used everyday, so it's important you choose one that meets your needs and that you're happy with. These are the top-rated credit cards this year, as decided by ProductReview.com.au reviewers.

Wendy Z.
Wendy Z.
credit-card-awards-2020
What Is Peer-To-Peer Lending?

Peer-to-peer lending is quickly gaining popularity among Australian borrowers and investors. If you've never heard of it before, this 2 minute read will give you a quick rundown so you can decide if P2P lending is right for you.

Nathan S.
Nathan S.
what-is-peer-to-peer-lending
Next
ESuperfund
SMSF / Small Funds

ESuperfund

4.5 from 462 reviews

Latest review: I have been with Esuperfund since 2008. I have been thru accumulation, TRP and pension phases. I have transfered part out to an Industry fund. No problems Every time I asked for information they

  • Transparency
    4.5 (89)
  • Customer Service
    4.4 (95)
  • Rates and Fees
    4.4 (73)
Just Superfund
  • Award Winner 2022
SMSF / Small Funds

Just Superfund

4.9 from 87 reviews

Latest review: I have now been using Just Superfund for 5 years and cannot fault them. They are very professional, fast and accurate, What more could you ask? Well, they are also a fraction of the cost of my

  • Transparency
    5.0 (63)
  • Customer Service
    5.0 (65)
  • Rates and Fees
    4.9 (61)
HESTA Super Fund
  • Award Winner 2022
  • 2021
Industry Super Funds

HESTA Super Fund

4.2 from 1,087 reviews

As an industry super fund for the health and community services sector with 870, 000 members, HESTA is not only highly trusted, but frequently outperforms other super funds with its high returns.

Strong returns on investment
Low fees and costs
Knowledgeable and warm customer service staff
  • Transparency
    4.5 (633)
  • Customer Service
    4.6 (699)
  • Rates and Fees
    4.3 (437)
Australian Ethical Super
Retail Superannuation Funds

Australian Ethical Super

4.3 from 220 reviews

Investing in parts of the economy that are beneficial to the planet, people, and animals, Australian Ethical Super can help you make a positive social and environmental impact with your super fund.

Helpful customer service
Great returns
Simple to sign up
  • Transparency
    4.2 (103)
  • Customer Service
    3.9 (105)
  • Rates and Fees
    4.0 (85)
Redwood Advisory
SMSF / Small Funds

Redwood Advisory

5.0 from 33 reviews

Latest review: I have been a client with Ivan and his team at Redwood for over 5 years and have found their service to be excellent and their guidance into a SMSF first

  • Transparency
    5.0 (13)
  • Customer Service
    5.0 (14)
  • Rates and Fees
    5.0 (2)
SuperConcepts
SMSF / Small Funds

SuperConcepts

3.9 from 132 reviews

Latest review: I have used Super Concepts to manage my SMSF for a number of years now. I have found them be most helpful particularly my account manager Jessica. My only criticism is that in the past they have

  • Transparency
    4.1 (92)
  • Customer Service
    4.1 (103)
  • Rates and Fees
    3.8 (85)
Superestate
Retail Superannuation Funds

Superestate

5.0 from 22 reviews

Latest review: Can't say enough how much I love this super fund. Having half my super invested in residential property buoyed me through the worst of the market falls of the pandemic meaning my super performed way

  • Transparency
    5.0 (20)
  • Customer Service
    5.0 (20)
  • Rates and Fees
    5.0 (19)
  • Investment Fee0.2%
UNIP SMSF Administration
SMSF / Small Funds

UNIP SMSF Administration

5.0 from 20 reviews

Latest review: Having experienced poor service from an "all inclusive" super fund admin company whose name rhymes with Qsuirrel, I looked for a platform that included SMSF admin and tax compliance services but also

Expert Super
SMSF / Small Funds

Expert Super

4.9 from 19 reviews

Latest review: Olivia helped me set up my SMSF in August 2020. I had no idea what I was doing at the time (not much has changed), but Olivia made the entire process feel seamless and stress free. I LOVE that I

  • Transparency
    5.0 (15)
  • Customer Service
    4.9 (16)
  • Rates and Fees
    4.9 (13)
Spaceship
Retail Superannuation Funds

Spaceship

3.5 from 157 reviews

Latest review: How can you be down nearly 50% in the year to August 2022? Total incompetence as many others have

  • Transparency
    3.3 (97)
  • Customer Service
    3.3 (89)
  • Rates and Fees
    3.3 (80)
Crescent Wealth
Retail Superannuation Funds

Crescent Wealth

4.8 from 20 reviews

Latest review: Very good customer service. Very helpful. The agents were very nice. They have great ethics and good communication approaches. Always keep the customers updated with their policy and regulations.

  • Transparency
    1.0 (1)
  • Customer Service
    1.0 (1)
  • Rates and Fees
    3.0 (1)
Australian Retirement Trust
Public Sector Superannuation Funds

Australian Retirement Trust

3.9 from 44 reviews

Latest review: I spoke with a lovely person called Tonia who listened to my enquiry, explained the options and sought additional information when required. Very knowledgeable and easy to talk to. A very positive

  • Transparency
    4.1 (33)
  • Customer Service
    4.4 (35)
  • Rates and Fees
    3.6 (25)
National Sterling
SMSF / Small Funds

National Sterling

3.9 from 38 reviews

Latest review: Back in 2006, i was new into the property game and wanted to increase my property portfolio. They talked me into buying 2 properties. I could only afford one. My accountant had to assist me with

  • Customer Service
    1.0 (1)
SuperGuardian
SMSF / Small Funds

SuperGuardian

4.8 from 17 reviews

Latest review: We have now been with SuperGuardian ever since we established our SMSF when my partner retired 17 years ago and we certainly have never lived to regret it. They have made the whole process of

  • Transparency
    5.0 (6)
  • Customer Service
    5.0 (6)
  • Rates and Fees
    4.3 (6)
Bell Direct SMSF Service
SMSF / Small Funds

Bell Direct SMSF Service

5.0 from 14 reviews

Latest review: I have dealt with a few brokers and found bell service to be the best among 3 previous services. Very good platform and easy to navigate and the agents have always been very helpful. The share

  • Transparency
    5.0 (2)
Page 1 of 5