How to know AustralianSuper is the right choice for you
Significant net benefit
This is what your overall financial position could be after taking away admin and investment fees. Take a look at the chart below to see how AustralianSuper’s net benefit has outperformed the average super fund and retail fund over 5, 10, and 15 years.
Compare net benefit performance
- Super
- Account based pension
Even in retirement, our history of strong performance and low fees has given AustralianSuper members an advantage over the long term. The following table compares AustralianSuper’s Choice Income net benefit against the average super fund and the average retail super fund. It shows how a member’s balance would have grown over 10 years to 31 December 2021, whilst still drawing a regular retirement income.
| Net benefit | ||||
|---|---|---|---|---|
| Starting balance | Average yearly income payment over 10 years | Investment earnings over 10 years (less fees) | Balance after 10 years | |
| AustralianSuper Choice Income account Balanced option | $300,000 | $23,600 | $442,900 | $506,800 |
| All super funds (average) | $300,000 | $21,900 | $346,200 | $426,900 |
| Retail super funds (average) | $300,000 | $21,100 | $300,300 | $389,600 |
Net benefit refers to investment earnings to 31 December 2021 (less admin and investment fees). Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns5.
The above table shows that if a member retired 10 years ago and started with a balance of $300,000 in an AustralianSuper Choice Income account – and withdrew on average $23,600 each year over 10 years as regular income – their balance would have grown to $506,800.
Take a moment to compare how we perform against other super funds with the free, independent Chant West Pension AppleCheck tool or find out more about how our account based pension can be a regular source of income.
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Important information to consider
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index AustralianSuper Balanced investment option (for super and TTR Income) compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index to 31 March 2022. AustralianSuper Balanced investment option (for Choice Income) compared to the SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 31 March 2022. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
- Readers Digest Most Trusted Brands – Superannuation category winner for 10 years running 2013 – 2022, according to research conducted by independent research agency Catalyst Research. Ratings are only one factor to be taken into account when choosing a super fund.
- AustralianSuper received the Canstar Outstanding Value Award – Superannuation in 2022 and Outstanding Value Award – Account Based Pension in 2021. Ratings are only one factor to be taken into account when choosing a super fund. Read the full methodology for super here and methodology for account based pension here.
- Comparisons modelled by SuperRatings, commissioned by AustralianSuper. The outcome shows the average difference in ‘net benefit’, a measure of past investment earnings after administration fees, investment fees and contribution taxes have been taken out. The results compare the AustralianSuper Balanced investment option and comparable balanced options, for historical periods to 31 December 2021. Insurance premiums and other fees and costs may also apply. Outcomes vary between individual funds. See Assumptions for more details. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. AustralianSuper returns before 1 July 2006 are calculated from equivalent options of the ARF and STA super funds.
- Comparisons are modelled by SuperRatings, commissioned by AustralianSuper. Modelled outcome shows the average difference in ‘net benefit’, a measure of past investment earnings after administration and investment fees have been taken out. The results compare the AustralianSuper Choice Income Balanced option and the main balanced options of funds tracked by SuperRatings that have a comparable option and performance history, for historical periods to 31 December 2021. The model uses return and fee data that is submitted to SuperRatings. The model assumes: a starting age of 65 commencing 1 January 2012 and finishing on 31 December 2021; a starting balance of $300,000; and a drawdown rate of 6% p.a. Insurance premiums and other fees and costs may apply. Outcomes vary between individual funds. Figures have been rounded to the nearest $100. See Assumptions for more details about modelling calculations and assumptions. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
- Chant West Super and Pension Fund Fee Survey at 31 December 2021. Based on $50,000 invested in the AustralianSuper MySuper Balanced option and $250,000 invested in the AustralianSuper Balanced Pension option.