Why hospitality workers need a fund they can trust

28 February 2024

There's a lot to love about working in hospitality: fun, flexibility, and the chance to meet new people.
And while you’re working hard looking after others, know your super is with a fund that has your back. AustralianSuper has been named the country’s most trusted fund for 11 years running1.

How super works

If you’re over 18, or working more than 30 hours a week, your employer has to pay you superannuation. It’s the law. The minimum payment is 11% of your ordinary earnings . That’s called the super guarantee. (SG).

Whether you’re working part time or making a career in hospitality, that doesn’t change.

Your super fund will invest this money to help it grow over time. It may also earn compound returns, which is when profits or returns on your balance are being reinvested.

Choosing the right fund

There are hundreds of super funds to choose from. Being with the right one can make a difference in the amount of money you have for the future.

Here are some things to check when choosing or comparing funds:

1. Long term performance. AustralianSuper’s Balanced option has been a top performer over the past 10 years2.

2. Fees. These cover the costs of investing and managing your account. Not all funds charge the same amount. AustralianSuper’s low admin fees3 mean more of your money stays invested, helping you achieve your best financial position in retirement.

3. Insurance. Super funds provide insurance to help in hard times. The cost and type of cover varies.

You can compare funds here to see what’s right for you and make sure you’re getting the most from your super.

Taking care of your savings

Unlike other industries, hospitality workers can balance several roles and may move around often. This makes it especially important you keep an eye on your super by:

  • Keeping track

    You work hard. Regularly check your account to make sure you're getting paid super.

  • Consider consolidating4 accounts and locating lost super

    Juggling multiple jobs can result in having more than one super account. This leaves you paying fees across several funds. It could also result in lost super.

    That’s a big deal. It’s estimated that there is $16 billion in5 lost and unclaimed super. Here’s how to locate and consolidate your super.

  • Adding extra when you can

    Picked up a shift? Consider putting a bit extra into your super. Every little bit counts towards helping you grow your savings6.

A super fund you can trust

As the country’s largest7 and most trusted1 fund, AustralianSuper is helping over three million members save for retirement. Head over to AustralianSuper.com for more information about how we can help you maximise your savings.

If you’re an AustralianSuper member, you can also log in online and check your balance now.


  1. Readers Digest Most Trusted Brands – Superannuation category winner for eleven years’ running 2013–2023, according to research conducted by independent research agency Catalyst Research. Awards and ratings are only one factor to be taken into account when choosing a super fund.

  2. SuperRatings Fund Crediting Rate Survey, SR50 Balanced (60-76) Index to 31 December 2023. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006. Investment returns aren’t guaranteed. Past performance isn’t a reliable indicator of future returns.

  3. Zennith CW Pty Ltd (Chant West) (ABN 20 639 121 403). Chant West Super Fund Fee Survey December 2023: Survey compares administration fees and costs for MySuper products for a $50,000 balance. Other fees and costs apply. Fees may change in the future which may affect the outcome of this comparison.

  4. Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice.

  5. ATO – Lost & Unclaimed Super Report 2023 - https://www.ato.gov.au/Media-centre/Media-releases/Check-your-myGov-account-for-your-share-of-$16-billion-in-lost-and-unclaimed-super

  6. Before adding to your super, consider your financial circumstances, contribution caps that may apply, and tax issues. We recommend you consider seeking financial advice.

  7. APRA Annual fund-level superannuation statistics June 2023. Released 31 December 2023.

The views expressed are those of the member based on their particular circumstances, reproduced with their continuing consent.

This may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/PDS or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD.

AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898.

Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns.

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