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Choosing a super fund

How to compare and choose super funds

Page reading time: 2 minutes

Most people can choose which super fund they'd like their super contributions paid into. You can go with your employer's fund or choose your own.

To find out if you can choose your super fund, check with your employer. Your employer will give you a 'standard choice form' when you start a new job. This sets out your options.

What to look for in a super fund

When you're comparing super funds, weigh up fund performance and the fees you'll pay against other factors such as risk, investment returns, services and insurance.


Compare your fund's investment performance over at least five years. Consider the impact of fees and tax.

Compare like with like. For example, only compare a balanced option with another balanced option, and try to use the same time period.

Low fees

All super funds charge fees. Fees are either a dollar amount or a percentage, or both. Either way, the lower the fees, the better. Fees are usually deducted monthly and also after an action such as switching investments.


Super funds typically have three types of insurance for members:

When comparing the default insurance offered by super funds, look for:

Investment options

Most super funds let you choose from a range of investment options.

Options usually include:

Some funds will let you choose the weighting of different asset types or direct investments.


Super funds may offer other services which attract special fees. These can be things like financial advice or arranging to split your super following a separation.

Compare super funds

You can find out about and compare super funds by using:

YourSuper Comparison tool

The YourSuper comparison tool is a simple way to compare MySuper products and help you choose a super fund that meets your needs. It is a government resource, hosted by the Australian Taxation Office (ATO). 

Comparison websites

Super comparison websites include:

All of these have some information for free. Some of them also offer more detailed information for a fee.

Comparison websites can be useful, but they are businesses and may make money through promoted links. They may not cover all your options. See what to keep in mind when using comparison websites.

Don't choose a super fund based only on its rating on one of these websites.

Compare these features:


  • how well the fund has performed over the past 5 years


  • fees for:
    • administration (includes intra-fund advice)
    • investment
    • buy/sell spread
    • transactions
    • switching
    • personal advice
    • insurance
    • any other fees
  • how often they are charged


  • what cover is available

Investment options

  • available options


  • other services the fund offers

Once you have the information you need, use our super calculator to compare how different funds will work for you.

If you don't choose a super fund

If you don't (or can't) choose your own super fund, your employer will put your super into a 'default' super account in their fund. This is known as a MySuper account.

Woman sitting on stool smiling.

Savannah chooses lower super fees

Savannah is 30 and earns $50,000 per year as a librarian. She already has $20,000 in her super and was paying 2.5% fees.

After shopping around for another super fund, she changed to one with only 1% fees.

By changing to a fund with lower fees, Savannah will have $81,000 more in her super at age 65. Her super account balance will be $336,000 instead of $255,000.