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 big difference to the size of your nest egg.
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Based on 10,236 reviews
Future Super

Future Super 🏆 2024

4.8  (770) Summary
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Brett Evington
Brett EvingtonHORNSBY3 posts
 
Refusal to act on Super transfer requestYou have been wonderful over the years ,but you have dropped the ball with my transfer to my NZ super account.
I have sent several emails and had no response obviously it takes time but is a large amount of money & I would appreciate communication & clarity.
After 4 months of trying to get this processed they are still dragging it on .
Verve Super

Verve Super 🏆 2024

4.9  (253) Summary
Alicia B
Alicia BNSW
 
You are treated like you matter!The first thing that drew me to Verve Super is it is a fund that is made for women by women and I would prefer to go with a Superfund that invests funds in a sustainable way and isn't a big competitor meaning you aren't treated like a number, you are treated like you matter and they invest funds into things that matter!
Just Superfund

Just Superfund 🏆 2024

5.0  (160) Summary
pomme
pommeVIC2 posts
 
Excellent service and performanceWe've been with Just Superfund for 3 years and they haven't missed a beat. This year's tax return and audit was a bit complicated and they went the extra yard in providing the professional expertise that was needed. Their performance has been faultless. Very happy!
Online Super Fund

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5.0  (142) Summary
Ross L
Ross L
  Verified
Xpress Super

Xpress Super 🏆 2024

4.9  (115) Summary
Happy customer
Happy customer
 
ESuperfund

ESuperfund 🏆 2024

4.5  (488) Summary
David
DavidNSW
 
Excellent online SMSF companyWe have been with esuper since 2007 - their service has been excellent over this period.
esuper doesn't offer financial advice but I would have to say their attention to detail has been meticoulous - I have recommended esuper to many friends who are now happy clients of esuper
HESTA Super Fund

HESTA Super Fund

4.2  (1,284) Summary
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Wendy S.
Wendy S.SA
 
She solved my problemGreat understanding of what I was asking, problem solving the whole time, beautiful personality, she was lovely to me at this stressful time!"
Telstra Super

Telstra Super 🏆 2024

4.4  (135) Summary
CTWG
CTWG2 posts
 
Accurate and to the pointBy staying on the line and waiting for a consultant I was rewarded with excellent help and answers to all my question and received additional advise as well. Show reply
Australian Ethical Super

Australian Ethical Super 🏆 2024

4.2  (266) Summary
Bill
Bill
  Verified
Five star Amy!I've dealt with Amy several times, by chance it seems and she is always pleasant, polite and efficient. Show reply
UniSuper

UniSuper 🏆 2024

4.1  (334) Summary
John D
John D
 
Good SuperHave been with uni super over two years, no complaints, easy to navigate and use Show reply
Redwood Advisory

Redwood Advisory

5.0  (37) Summary
Rich_ T.
Rich_ T.4 posts
 
Stake Super

Stake Super

4.9  (34) Summary
Crocodile
CrocodileAU30 posts
 
Please meet your response time claimsStake has no official phone support, and they claim that requests via their web form will get a response within 24-48 hours, but I have been consistently getting very poor response times... well over a week in many cases. It has been frustrating to say the least.
Stake Super
Stake Super   DM   
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SuperConcepts

SuperConcepts

3.9  (149) Summary
Geoff D
Geoff D
 
Australian Retirement Trust

Australian Retirement Trust

3.8  (251) Summary
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Heather
Heather
 
UNIP SMSF Administration

UNIP SMSF Administration

5.0  (21) Summary
Linda B.
Linda B.NSW
 
What a find!It took me 18 years to find this company and what a stand out performer they are! Helpful, friendly and best of all don't overcharge for their platform. Nothing seems too much hassle for them. Even when I think it's my issue they ring me to see if they can help. Where do you find that sort of service these days.
Superestate

Superestate

4.7  (24) Summary
jadensivell199
jadensivell1992 posts
 
Starting to feel flakyBeen over a month for a portal update.
I've emailed and they have no update. Have no way of checking current figures within my super. When asked they can only provide the year prior.

For an update usually everywhere has a timeline but not here? Feels flaky and I'm uneasy leaving my super in the hands of a company that has mediocre communication.

Superestate
Superestate   DM   
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Expert Super

Expert Super

4.9  (19) Summary
Jessie Lukies
Jessie LukiesVIC4 posts
 
Crescent Wealth

Crescent Wealth

4.7  (21) Summary
ChrissyN
ChrissyNAU14 posts
 
Hard to contactThey are very slack answering their phones, tried to call multiple times over the weeks and it just has a busy tone or no tone and hangs up.
National Sterling

National Sterling

3.9  (38) Summary
Meegan
Meegan3 posts
 
ESSSuper

ESSSuper

3.3  (175) Summary
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Greg
GregVIC
 
The last meeting was most helpfulThe consultant's that I have had meetings with have always advised me and have not forced me down a path that I did not wish to go. Show reply
SuperGuardian

SuperGuardian

4.8  (17) Summary
Piajess
PiajessSA104 posts
 
Bell Direct SMSF Service

Bell Direct SMSF Service

5.0  (14) Summary
Jmocha
JmochaQueensland11 posts
 
Great service and productsI 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 trading prices are very competitive and like the research reports which is very helpful.
Aware Super

Aware Super

3.0  (511) Summary
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Anthony L.
Anthony L.
 
Spaceship

Spaceship

3.0  (200) Summary
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musharib r.
musharib r.NSW
  Verified
Simple Choice Super

Simple Choice Super

4.5  (16) Summary
Lorita I.
Lorita I.New South Wales
 
I am a happy customer and the support with my super has been phenomenal!!I made the choice three years ago to change my super over to Simple Choice Super and I have no regrets. I am well supported and that I also am able to keep updated on my account.
SMSF Australia

SMSF Australia

4.7  (14) Summary
Anthony D.
Anthony D.SA
 
Great value for money and proactive service. Why would you go anywhere else?SMSF Australia. We wouldn't rely on anyone else. Efficient, proactive service and great value for money! Their technical expertise and knowledge is backed by qualifications from the most respected Association in Australia. Highly recommended. Show reply
My SMSF

My SMSF

4.6  (14) Summary
Sean
Sean
  Verified
Cruelty Free Super

Cruelty Free Super

4.4  (13) Summary
Chloe-Nicole B.
Chloe-Nicole B.VIC
 
iCare Super

iCare Super

4.3  (12) Summary
Peter P.
Peter P.4 posts
 
The help has been amazing!!!Setting up a new SMSF, the help from iCareSuper has been more than amazing, they have answered all my queries, questions promptly and to a new SMSF director I have not had service like this for a long time, Gavin and the crew are great, use this service if want a company that actually cares, thank you iCareSuper. Show reply
Rest Superannuation

Rest Superannuation

2.3  (701) Summary
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jim
jim
 
great servicei have been with them for 38 years just started to withdraw some funds since turning 66 years old no trouble ever used to take 5 days for the process to finish now the next day it is [Name Removed] takes longer to get to my bank Show reply

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