The performance of your super fund can make a big difference to your balance when you retire. Choosing a fund that has a history of strong, long-term returns1 can help you make the most of your super and save more for retirement. When you compare funds, consider past performance – and ensure you’re looking at the net benefit. That’s the investment returns delivered to you by your fund minus admin fees, investment fees and taxes you’re charged on those investment returns.
Super funds charge administration and investment fees to cover the cost of managing your account and investing your money. Not all funds charge the same amounts, or in the same way. Some funds charge a set fee and some charge a percentage of your account balance – while some charge a combination of the two.
In Australia, there are a range of types of super funds - including industry super funds and retail funds. As Australia’s largest Industry super fund, we don’t pay dividends or profits to shareholders - so the money we make goes back into the fund for the benefit of members. Our focus is on providing strong, long-term performance1 for the benefit of over 3 million members2.
When money goes into your super account – either from your employer or via voluntary personal contributions – it’s invested by the fund in ways to help it grow. When you’re choosing a fund, consider the range of investment types on offer and know how your money could be invested. Most funds offer default investment choices where your options are pre-selected.
Confidence comes from being with a fund that offers a range of help and financial advice options to suit your circumstances. Make sure you’re with a fund that’s available when you need them, and offers a variety of help and advice options. Many funds also offer personal advice from a financial planning expert.
AustralianSuper Balanced investment option compared to the
SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index to 31 December 2022. Investment returns are not guaranteed. Past performance is not a
reliable indicator of future returns. Returns from equivalent investment
options of the ARF and STA super funds are used for periods before 1 July 2006.
AustralianSuper has a total of 3.06 million members and $274 billion in member assets as at 31 December 2022.