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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.

Category

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Investment Fee

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78 listings

Future Super
  • Award Winner 2021
  • 2020

Retail Superannuation FundsFuture Super

4.9 from 643 reviews

Latest review: I joined Future Super at the beginning of 2019. I transferred a large amount of Super. I wanted to be ethically responsible with my money. I shopped around, read reviews and thought it would be

  • Review Summary
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    4.9 (356)
  • Customer Service
    4.9 (367)
  • Rates and Fees
    4.7 (288)
No values yet
Online Super Fund
  • Award Winner 2021
  • 2020

SMSF / Small FundsOnline Super Fund

5.0 from 125 reviews

Latest review: Online Super Fund provides an accounting and administration service for our SMSF. We have been with the service for 6 years and it has always provided a very quick and efficient service in

  • Review Summary
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    5.0 (113)
  • Customer Service
    5.0 (117)
  • Rates and Fees
    5.0 (65)
No values yet
VicSuper
  • Award Winner 2021
  • 2020

Public Sector Superannuation FundsVicSuper

4.7 from 345 reviews

Latest review: I have been with VicSuper (Aware) for many years but had never undertaken any planning for retirement. I left everything to the last minute. Sam was very professional and walked me through the

  • Review Summary
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    4.8 (115)
  • Customer Service
    4.8 (119)
  • Rates and Fees
    4.5 (60)
No values yet
Verve Super
  • Award Winner 2021

Retail Superannuation FundsVerve Super

5.0 from 99 reviews

Latest review: For women, by women and ethical investments...perfect combination! Services has been attentive, excellent and consistent - much easier to deal with than my old super fund. I am very glad I found

  • Review Summary
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    4.9 (90)
  • Customer Service
    4.9 (90)
  • Rates and Fees
    4.8 (77)
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ESuperfund

SMSF / Small FundsESuperfund

4.6 from 434 reviews

Latest review: I have been a member for 6 years and could not be happier. Great service, very fast response to queries and excellent value. My return has exceeded all other superannuation options and low fees are a

  • Review Summary
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    4.4 (62)
  • Customer Service
    4.3 (67)
  • Rates and Fees
    4.4 (45)
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Xpress Super

SMSF / Small FundsXpress Super

4.9 from 83 reviews

Latest review: We have worked with Xpress Super for almost a decade and their services to our clients and practice have been exceptional. They are professional, have high attention to detail and are easy to work

  • Review Summary
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    4.7 (13)
  • Customer Service
    4.6 (14)
  • Rates and Fees
    5.0 (8)
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HESTA Super Fund
  • Award Winner 2021

Industry Super FundsHESTA Super Fund

4.2 from 875 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.

  • Pros & Cons
  • Review Summary
  • Specifications

  • Strong returns on investment

  • Low fees and costs

  • Knowledgeable and warm customer service staff

  • Transparency
    4.5 (468)
  • Customer Service
    4.6 (519)
  • Rates and Fees
    4.3 (309)
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Dixon Advisory

SMSF / Small FundsDixon Advisory

4.2 from 170 reviews

Latest review: Beware Dixon Advisory have changed their name to E & P Financial Services. Don’t trust them or their SMSF advice. Dixon’s reputation was trashed because of their poor investment advice, so now they h

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    1.6 (20)
  • Customer Service
    3.5 (25)
  • Rates and Fees
    1.2 (17)
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Spaceship

Retail Superannuation FundsSpaceship

4.9 from 36 reviews

Latest review: Spaceship is an Australian company so it is regulated by ASIC. Which is a very good thing. Impressive portfolio since it has the ‘Where the World is Going’ criteria where it handpicks the wor

  • Review Summary
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    4.8 (22)
  • Customer Service
    4.8 (21)
  • Rates and Fees
    4.9 (14)
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Australian Ethical Super

Retail Superannuation FundsAustralian Ethical Super

4.1 from 130 reviews

Latest review: Great performance and great ethics for a superannuation fund . Australian Ethical has been honing their products for many years and that experience is showing in the growth and results . Also ethical

  • Review Summary
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    3.3 (28)
  • Customer Service
    3.2 (31)
  • Rates and Fees
    3.4 (25)
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Super Concepts

SMSF / Small FundsSuper Concepts

4.1 from 109 reviews

Latest review: 10 years. The first 7years were fine, the last 3years have been disappointing and frustrating. Tax returns have been submitted late the last 3 years straight. Glad to have

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    4.3 (74)
  • Customer Service
    4.4 (82)
  • Rates and Fees
    4.0 (67)
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Redwood Advisory

SMSF / Small FundsRedwood Advisory

5.0 from 29 reviews

Latest review: Ivan has made the process of converting over to an SMSF simple and easy and will hold your hand the entire way through. He is the go to expert in this field and will always give you factual and

  • Review Summary
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  • Transparency
    5.0 (10)
  • Customer Service
    5.0 (11)
  • Rates and Fees
    5.0 (1)
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Superestate

Retail Superannuation FundsSuperestate

5.0 from 21 reviews

Latest review: I can't believe this is the first fund to actually invest into Australia's consistent top-performing market. Since moving to Superestate I've been delighted with their service, pricing, performance

  • Review Summary
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    5.0 (19)
  • Customer Service
    4.9 (19)
  • Rates and Fees
    5.0 (18)
  • Investment Fee0.2%
UNIP SMSF Administration

SMSF / Small FundsUNIP 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

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

  • Review Summary
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    1.0 (1)
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    1.0 (1)
  • Rates and Fees
    3.0 (1)
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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

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    1.0 (1)
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MTAA Super

Industry Super FundsMTAA Super

3.4 from 102 reviews

Latest review: I have been with MTAA since 1987 and over the years, even when I was living in the UK, I was always kept up to date with emails and by post and they were only a phone call away. I am now retired and

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    4.3 (56)
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    4.4 (58)
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    4.1 (27)
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Sunsuper

Industry Super FundsSunsuper

3.1 from 320 reviews

Latest review: I have been with Sunsuper for 46 years and have been very happy with the annual % of performance. Speaking with Matthew about my superannuation now that I have retired, makes me feel comfortable for

  • Review Summary
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    3.6 (153)
  • Customer Service
    3.9 (180)
  • Rates and Fees
    3.6 (105)
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Simple Choice Super

Superannuation FundsSimple Choice Super

4.5 from 16 reviews

Latest review: Great customer support! Fast and efficient which is important when you need to quickly update information. A customer rep by the name of Bennett provided me with top quality customer service which

  • Review Summary
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    4.3 (15)
  • Customer Service
    4.4 (16)
  • Rates and Fees
    4.2 (14)
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SuperGuardian

SMSF / Small FundsSuperGuardian

4.8 from 13 reviews

Latest review: we have been with SuperGuardian for about 4 years now. calls are always answered promptly, any information required provided by return, while personal advisors have been prepared to go the extra yard

  • Review Summary
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    5.0 (2)
  • Customer Service
    5.0 (2)
  • Rates and Fees
    4.0 (2)
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