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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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77 listings

Future Super
  • Award Winner 2020
  • 2019

Retail Superannuation FundsFuture Super

4.9 from 385 reviews

Latest review: I feel it is paramount that we shift our mindset to one of a sustainable and caring future that includes our ecosystem and planet. Future Super seems to be the one that is closest in alignment with

  • Transparency
    4.9 (114)
  • Customer Service
    4.9 (128)
  • Rates and Fees
    4.8 (60)
VicSuper
  • Award Winner 2020
  • 2019

Public Sector Superannuation FundsVicSuper

4.7 from 306 reviews

Latest review: I've been with VicSuper for 18 months. Very satisfied with my super fund investment and advice. Their website is extremely easy to use to keep track of my current

  • Transparency
    4.8 (78)
  • Customer Service
    4.8 (81)
  • Rates and Fees
    4.8 (25)
Online Super Fund
  • Award Winner 2020

SMSF / Small FundsOnline Super Fund

5.0 from 109 reviews

Latest review: Online Super Fund do an excellent job of preparing returns quickly and accurately. Communication is clear and instructions are easy to follow. For a time poor person they basically spoon feed you

  • Transparency
    5.0 (99)
  • Customer Service
    5.0 (103)
  • Rates and Fees
    5.0 (46)
ESuperfund
  • Award Winner 2019
  • 2018

SMSF / Small FundsESuperfund

4.6 from 409 reviews

Latest review: I have been with ESuperfund since 2014. I am extremely satisfied with the service.As I am a busy person, I really appreciate ESuperfund assisting me by quick responses. I have also recommended

  • Transparency
    4.3 (35)
  • Customer Service
    4.3 (39)
  • Rates and Fees
    4.3 (19)
Xpress Super

SMSF / Small FundsXpress Super

4.9 from 79 reviews

Latest review: I joined Xpress Super a year ago after huge dissatisfaction with expensive SMSF managers who managed my funds. I was wondering why it was called self managed as I didn't really get a look in! I'm

  • Transparency
    4.7 (9)
  • Customer Service
    4.5 (10)
  • Rates and Fees
    5.0 (3)
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 621 reviews

Latest review: "Chris also was always very helpful, he answered all my questions to the best he could, and let me know about all my different insurance products and my balance, and also general info re the unstable

  • Transparency
    4.5 (276)
  • Customer Service
    4.6 (299)
  • Rates and Fees
    4.3 (117)
Australian Ethical

Retail Superannuation FundsAustralian Ethical

4.3 from 107 reviews

Latest review: I had moved my super over to these people. And the fees were extraordinary, my account earned nearly no interest, and was just getting eaten away by combined fees of nearly $100 per month. I then

  • Transparency
    3.4 (8)
  • Customer Service
    3.0 (11)
  • Rates and Fees
    3.8 (6)
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

4.8 from 19 reviews

Latest review: Not even one star. The worst customer service ever. I moved to New Zealand and completed all the paperwork with the KiwiSaver organization to transfer my superannuation from Crescent Wealth, but for

  • Transparency
    1.0 (1)
  • Customer Service
    1.0 (1)
  • Rates and Fees
    3.0 (1)
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)
Super Concepts

SMSF / Small FundsSuper Concepts

3.5 from 39 reviews

Latest review: Fabiane is the epitome of Customer Service and Attention to Detail, qualities sadly missing in the majority of big business today. Fabi ALWAYS goes above and beyond and is an angel displaying

  • Transparency
    3.9 (18)
  • Customer Service
    4.0 (20)
  • Rates and Fees
    3.7 (7)
Rest Superannuation

Industry Super FundsRest Superannuation

2.9 from 464 reviews

Latest review: After reading all the negative reviews I thought we were in for long fight. But after husband's terminal diagnosis Rest was very understanding and kept us informed every step of the way regarding our

  • Transparency
    1.3 (65)
  • Customer Service
    1.4 (77)
  • Rates and Fees
    1.7 (30)
Sunsuper

Industry Super FundsSunsuper

2.9 from 231 reviews

Latest review: My new employer made contributions in January, opening this new account (not my elected superfund-but that's not SunSuper's issue) and I was not aware of this. Have had no contact from SunSuper.

  • Transparency
    3.5 (77)
  • Customer Service
    3.8 (100)
  • Rates and Fees
    3.6 (34)
MTAA Super

Industry Super FundsMTAA Super

3.1 from 75 reviews

Latest review: I have been with MTAA for over 30 years and have found their service second to none. Low fees and great advice. Any questions have been quickly and efficiently

  • Transparency
    4.5 (31)
  • Customer Service
    4.6 (34)
  • Rates and Fees
    4.9 (7)
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

HOSTPLUS

Industry Super FundsHOSTPLUS

2.0 from 128 reviews

Latest review: My son passed away in October 2019 and we are still waiting for them to finalise the claim. It's hard enough to loose your son without Hostplus dragging the claim process out for such a long time. I

  • Transparency
    2.1 (35)
  • Customer Service
    2.1 (36)
  • Rates and Fees
    2.6 (16)
QSuper

Public Sector Superannuation FundsQSuper

2.1 from 52 reviews

Latest review: I've been with QSuper over 20 years. It has very low fees, extremely good performance and easy online access. You can check your balance and it shows your balance daily changes (not just weekly) and

  • Transparency
    3.0 (15)
  • Customer Service
    2.2 (19)
  • Rates and Fees
    3.7 (7)
UniSuper

Industry Super FundsUniSuper

2.1 from 36 reviews

Latest review: Would I recommend UniSuper to family or friends? Definitely not! My satisfaction on a scale of 1 to 10? - Can I select minus 1? I see a lot of similar concerns on this site. Transparency is a

  • Transparency
    1.7 (7)
  • Customer Service
    2.1 (8)
  • Rates and Fees
    2.2 (5)
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