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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 394 reviews

Latest review: I have been with Future Super for about 5 years now. The returns have been great even when markets have crashed which gives me thanks and feels like a reward that I have chosen the right way to

  • Transparency
    4.9 (123)
  • Customer Service
    4.9 (137)
  • Rates and Fees
    4.8 (68)
Online Super Fund
  • Award Winner 2020

SMSF / Small FundsOnline Super Fund

5.0 from 115 reviews

Latest review: I was let down from another super fund accountant, and once I had transferred over I started seeing results very quickly, their communication was great, I have no second thoughts of going

  • Transparency
    5.0 (105)
  • Customer Service
    5.0 (109)
  • Rates and Fees
    5.0 (52)
VicSuper
  • Award Winner 2020
  • 2019

Public Sector Superannuation FundsVicSuper

4.7 from 313 reviews

Latest review: I was very happy with my recent COVID19 style telephone consultation with Vic Super Financial Planner Malcolm Vienet. I'm no financial expert and he put everything I needed to know in clear,

  • Transparency
    4.8 (85)
  • Customer Service
    4.8 (88)
  • Rates and Fees
    4.7 (31)
ESuperfund
  • Award Winner 2019
  • 2018

SMSF / Small FundsESuperfund

4.6 from 410 reviews

Latest review: Has been with eSuperfund for many years. I like the way their web site is set up and the way they collect details for the compliance. Get good response for my queries. Overall very satisfactory

  • Transparency
    4.3 (36)
  • Customer Service
    4.3 (40)
  • Rates and Fees
    4.3 (20)
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 161 reviews

Latest review: I was with Dixon's for about 6 years and during that time my super balance steadily declined because I took their advice and invested in their high fee, poor performance funds. I was continually

  • Transparency
    2.2 (9)
  • Customer Service
    3.9 (15)
  • Rates and Fees
    1.6 (5)
HESTA Super Fund

Industry Super FundsHESTA Super Fund

4.1 from 655 reviews

Latest review: I've been with the fund for 5 years now and am happy with the service and the good they do for the community. Thank you HESTA for your help the other day when I

  • Transparency
    4.5 (303)
  • Customer Service
    4.6 (329)
  • Rates and Fees
    4.3 (145)
Australian Ethical

Retail Superannuation FundsAustralian Ethical

4.2 from 110 reviews

Latest review: The horrendously slow and outdated platform, lack of transparency (investments and holdings) and poor customer service are pale in comparison to the even worse experience I had when exiting the fund.

  • Transparency
    2.9 (10)
  • Customer Service
    2.7 (13)
  • Rates and Fees
    3.4 (8)
Redwood Advisory

SMSF / Small FundsRedwood Advisory

5.0 from 28 reviews

Latest review: I moved my SMSF to Redwood about 3 years ago after having a bad experience with another SMSF manager. Just settled on a property, thanks to Ivan who made this

  • Transparency
    5.0 (9)
  • Customer Service
    5.0 (10)
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)
Verve Super

Retail Superannuation FundsVerve Super

5.0 from 14 reviews

Latest review: I'd been meaning to switch to verve for so long, and finally did earlier this year and am so happy I made the change! It's comforting to know that my money is helping contribute to a better future -

  • Transparency
    5.0 (13)
  • Customer Service
    5.0 (13)
  • Rates and Fees
    4.8 (5)
Super Concepts

SMSF / Small FundsSuper Concepts

3.5 from 43 reviews

Latest review: Around 8 years with Multiport and Super Concepts. The service they provide is improving and recently Md Salauddin Kader was extremely helpful in providing information urgently. Payment of Bills has

  • Transparency
    3.8 (21)
  • Customer Service
    3.9 (23)
  • Rates and Fees
    3.6 (10)
MTAA Super

Industry Super FundsMTAA Super

3.1 from 78 reviews

Latest review: I as a young man never really cared for any Super as i was to busy having a great time chasing girls. Well 40 came around real fast, and i had nothing. My boss told me with the amount of money i was

  • Transparency
    4.6 (34)
  • Customer Service
    4.6 (37)
  • Rates and Fees
    4.7 (10)
Sunsuper

Industry Super FundsSunsuper

2.9 from 235 reviews

Latest review: Gamble your money and customer service is very unhelpful and lacks empathy. Over 1 year they lost me $8012 and blamed in on Covid19 even though the loses took place in 2022. I am changing funds

  • Transparency
    3.5 (80)
  • Customer Service
    3.8 (103)
  • Rates and Fees
    3.6 (37)
Rest Superannuation

Industry Super FundsRest Superannuation

2.8 from 486 reviews

Latest review: I have been a member since 2005 and recently applied for covid 19 early release of super. REST receieved my approval on tuesday 21st. They are meant to pay out within 5 days. I rang and updated my

  • Transparency
    1.3 (84)
  • Customer Service
    1.4 (95)
  • Rates and Fees
    1.5 (48)
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

UniSuper

Industry Super FundsUniSuper

2.2 from 37 reviews

Latest review: I've been with Unisuper for over 10 years in their High Growth, Sustainable High Growth, Global Companies in Asia and Global Environmental Opportunities options. Easy to use, easy to contact. The

  • Transparency
    2.1 (8)
  • Customer Service
    2.4 (9)
  • Rates and Fees
    2.7 (6)
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)
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