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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.

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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 bit difference to the size of your nest egg.
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75 listings

Future Super
  • Award Winner 2020
  • 2019

Retail Superannuation FundsFuture Super

4.9 from 360 reviews

Latest review: I’m a proud Future Super customer. I want my super to go towards a cleaner, fossil fuel free world. It was so simple to change and the customer services has been e

  • Transparency
    4.9 (93)
  • Customer Service
    4.9 (107)
  • Rates and Fees
    4.8 (39)
VicSuper
  • Award Winner 2020
  • 2019

Public Sector Superannuation FundsVicSuper

4.7 from 288 reviews

Latest review: I've been with Vicsuper for over 20 years and am very satisfied with the service provided. A recent interview with Mark Wotjas enabled me to increase my monthly income with a few simple

  • Transparency
    4.9 (62)
  • Customer Service
    4.8 (64)
  • Rates and Fees
    4.9 (13)
Online Super Fund
  • Award Winner 2020

SMSF / Small FundsOnline Super Fund

5.0 from 102 reviews

Latest review: I switched to Online Super Fund two years ago and I am more than happy with their service and performance. They are very professional and quick to answer any of my queries. Switching to Online Super

  • Transparency
    5.0 (93)
  • Customer Service
    5.0 (97)
  • Rates and Fees
    5.0 (40)
ESuperfund
  • Award Winner 2019
  • 2018

SMSF / Small FundsESuperfund

4.6 from 405 reviews

Latest review: I sent a complex email query about my 2018/19 return, received a very clear reply within 4 hours.. Great service. Been with them for 12 years through many changes and they seem to make the complex

  • Transparency
    4.4 (31)
  • Customer Service
    4.3 (35)
  • Rates and Fees
    4.3 (15)
Xpress Super

SMSF / Small FundsXpress Super

4.9 from 78 reviews

Latest review: I have been with one of the big managed Super fund for many years. I decided to switch to a SMSF as I wanted to get into precious metals as well as property. I got cold feet each time I looked at

  • Transparency
    4.6 (8)
  • Customer Service
    4.4 (9)
  • Rates and Fees
    5.0 (2)
Dixon Advisory
  • Award Winner 2019

SMSF / Small FundsDixon Advisory

4.4 from 160 reviews

Latest review: I did have an SMSF ''managed" by Dixons for about 5 years but fortunately severed my relationship with them about 16 months ago, closed the SMSF and moved all funds to a better performing industry

  • Transparency
    2.4 (8)
  • Customer Service
    3.8 (14)
  • Rates and Fees
    1.8 (4)
HESTA Super Fund

Industry Super FundsHESTA Super Fund

4.1 from 586 reviews

Latest review: As a long term customer wanted to increase my life insurance and cancel my non super life insurance so it was all consolidated into one account. They were so disorganised and in the end I cancelled

  • Transparency
    4.5 (248)
  • Customer Service
    4.6 (266)
  • Rates and Fees
    4.3 (86)
Australian Ethical

Retail Superannuation FundsAustralian Ethical

4.3 from 105 reviews

Latest review: I have super with AE and have been for a few years. I picked them for ethical reasons but their communication & financial performance is great too. I'm now buying some of their managed fund

  • Transparency
    3.8 (5)
  • Customer Service
    3.3 (8)
  • Rates and Fees
    4.7 (3)
Redwood Advisory

SMSF / Small FundsRedwood Advisory

5.0 from 27 reviews

Latest review: Came to Redwood through a friend who referred Redwood for excellent smsf service. I was a bit dry on knowledge and redwood gave me real knowledge on the ins and outs and helped me to get a loan for

  • Transparency
    5.0 (8)
  • Customer Service
    5.0 (9)
UNIP SMSF Administration

SMSF / Small FundsUNIP SMSF Administration

5.0 from 19 reviews

Latest review: I switched over to UNIP because I was not happy with the service and expense of my previous accountant. I actually was shocked when I received their last invoice and thought there must be a better

Crescent Wealth

Retail Superannuation FundsCrescent Wealth

5.0 from 18 reviews

Latest review: I have been with Crescent Wealth for 5 years. I moved all my Super there after I learnt the ethical nature of the company. In addition, the service and communication provided is great, I receive

National Sterling

SMSF / Small FundsNational 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)
Rest Superannuation

Industry Super FundsRest Superannuation

2.9 from 456 reviews

Latest review: Retired from work and wanted my funds transferred to my account , four weeks on and numerous phone calls and still have no funds into my account , requested to speak to a person in charge and

  • Transparency
    1.3 (60)
  • Customer Service
    1.3 (71)
  • Rates and Fees
    1.6 (25)
Sunsuper

Industry Super FundsSunsuper

2.9 from 220 reviews

Latest review: I’ve been with Sunsuper for 46 years and was nicely surprised at the amount I have accumulated over those years now that I have retired. I have asked my financial advisor to leave my money in S

  • Transparency
    3.6 (67)
  • Customer Service
    3.9 (90)
  • Rates and Fees
    3.9 (27)
Super Concepts

SMSF / Small FundsSuper Concepts

3.4 from 36 reviews

Latest review: I found have Md Salauddin Kader to be a very valuable account manager for us. He always gets things done in a very timely manner. He is a great asset to Super

  • Transparency
    3.9 (16)
  • Customer Service
    3.9 (18)
  • Rates and Fees
    3.6 (5)
SuperGuardian

SMSF / Small FundsSuperGuardian

4.7 from 11 reviews

Latest review: I have been with Superguardian for about 4 years with my SMSF and the experience has always been positive.All the people I have dealt with are well qualified, knowledgeable and always helpful.If

MTAA Super

Industry Super FundsMTAA Super

2.9 from 71 reviews

Latest review: I have been with this fund since I started working and will be with them till the end. Just let the money roll in and I will be happy. You can count on

  • Transparency
    4.5 (29)
  • Customer Service
    4.5 (32)
  • Rates and Fees
    4.8 (5)
HOSTPLUS

Industry Super FundsHOSTPLUS

2.1 from 118 reviews

Latest review: I am shocked at some of the comments on this page. I joined hostplus in December last year after wanting to get away from ANZ and their ridiculous fees! Myself and my husband both ceased employment

  • Transparency
    2.5 (26)
  • Customer Service
    2.3 (26)
  • Rates and Fees
    3.7 (7)
UniSuper

Industry Super FundsUniSuper

2.2 from 33 reviews

Latest review: Been with them 30 years and they have low fees and consistently return better than average returns. My retirement will be much more comfortable thanks largely to Unisuper. Can't say I've had much

  • Transparency
    2.0 (4)
  • Customer Service
    2.8 (4)
  • Rates and Fees
    5.0 (1)
QSuper

Public Sector Superannuation FundsQSuper

2.1 from 47 reviews

Latest review: I joined QSuper in mid Sept 2019. I'm very happy with their investment performance, and the information they provide on their web site is brilliant. Performance and unit prices are updated daily.

  • Transparency
    3.1 (12)
  • Customer Service
    2.2 (15)
  • Rates and Fees
    4.7 (3)
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