Compare Super Funds Australia

By Brad Buzzard ·
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If you’re new to super or you’re looking to compare your existing superannuation fund with other options, you’ll need to understand some of the key aspects of super including long term performance, the fees charged, and the fund’s background. 

Australians have a choice of superannuation provider and each fund will offer a range of investment options. You can switch super funds at any time or change your investment mix with an existing fund to better suit your life stage or retirement goals, so it’s always a good idea to know what options are available and stay informed of any important super changes.

Contributing to super

Employers are required to make Super Guarantee contributions on your behalf  and for many Australians this is the most common type of contribution going into your super account. Currently the rate is set at 11.50% of your gross salary or wages, though it will increase by 0.5% to 12% on July 1 2025.

In addition to the Super Guarantee contributions there are other ways in which you can make contributions to your super and you can read more about them here in our guide to super contributions.  

Choosing a super fund

There are a range of super fund options available including industry, retail as well as self managed super fund (SMSF) options. Traditionally, industry super funds were only open to members who worked in a particular industry but over time that’s changed and now many of the industry funds are available to all Australians. Here’s a look at some superannuation providers for you to consider. 

Note: Mozo may receive payment for listing the products below. Past performance is not a reliable indicator of future performance. For details about the claims made by fund providers, please refer to super funds’ websites. Important disclosures
Colonial First State Super (CFS)
  • CFS has helped over 3 million Australians (and counting) prepare for an unaverage retirement
  • Focused on delivering low admin fees and strong investment performance, helping you build your retirement savings faster
  • Investment flexibility: Aged-based lifestage option or design your own portfolio from over 190 investment options
  • Named Australia's Best Super Fund in the Mozo Experts Choice Awards

Looking for a super fund that blends experience with a focus on your financial future? Colonial First State (CFS) Super has been helping Australians grow their retirement savings for over 30 years. With a wide range of investment options,  CFS lets you tailor your super to suit your goals, whether you’re after a balanced approach or more growth-oriented strategies. CFS is laser focussed on providing long-term performance for its members and states its FirstChoice Wholesale Personal Super options has one of the lowest admin fees in the market. 

Colonial First State also has a range of free online tools to make it stay on top of your super and learn about investment choices. CFS also has a range of accessible advice options, to meet all customer needs. CFS has engaged Viridian Advisory to facilitate the provision of one-off personal financial product advice under their Australian Financial Services License to CFS members, as an agent of CFS. CFS also provides access to low-cost digital advice through Otivo Pty Ltd and on-going comprehensive advice through a network of third-party financial advisers.

Colonia First State was named Australia's Best Super Fund in the Mozo Experts Choice Superannuation Awards.

Spaceship Super
  • Choice of growth or Index fund option
  • Simple fee structure
  • Digital dashboard to help you see where and how your super is invested
  • Mozo Experts Choice Award winner - High Growth

Spaceship Super first launched in 2017, and says that above all else it’s focussed on building long-term value for its members. This is why the fund’s options are primarily suited to people who are looking to save for retirement for at least the next 10 years, or longer. Members have a choice of the GrowthX option, which has a focus on Global technology companies, and the Global Index option which passively invests in growth assets, particularly international shares. Both options have a competitive performance track record according to Spaceship (based on annualised performance since inception) and have a simple fee structure.  

Spaceship Super’s digital platform helps you to keep track of your balance, and also gives you visibility of where and how your super is invested. If you’re saving for your first home, you can also set up a first super saver account. 

Winner of a Mozo Expert Choice Award for Exceptional Super in the High Growth Category. 

Australian Retirement Trust
  • One of Australia’s largest super funds with 2.3 million members and over $280 billion in retirement savings
  • Profits for members
  • Focused on strong long term investment returns and lower fees
  • Exclusive member deals and discounts
  • Mozo Experts Choice Awards winner - Exceptional Super Growth category

The Australian Retirement Trust (ART) is one of Australia’s newest super funds formed out of the merger of Sunsuper and QSuper. ART is open to all Australians, works for members and not shareholders, which means its focus is on lower fees and better value products and services. It has a range of investment options depending on your risk appetite and lifestage and offers members rewards including exclusive discounts at retailers. 

Membership also includes personal financial advice about your super accounts with them and eligible members are also provided with automatic Death and Total & Permanent Disability Assist cover. Tailored cover is also available (T&Cs apply).

ART was named a Mozo Experts Choice Superannuation Award winner for Exceptional Super in the Growth category.

Hostplus
  • Industry super fund, profits go to members, not shareholders
  • Over 1.77 million members and $103.7 billion in funds under management
  • Strong investment performance over past 20 years together with low fees
  • Mozo Expert Choice Award winner - Low fee Super

While Hostplus’ origins are from the hospitality and tourism industry, it is now available to all Australians. As an industry fund, profits go back to members and it invests in projects that aim to derive strong investment returns for its members. It also aims to keep its fees and costs as low as possible. It has an option for members who want more control to make direct investments or you can also opt to let Hostpluses experts take care of your investments for you. 

Hostplus also offers a range of insurance options (some automatic for eligible members), as well as financial planning and super advice to help you set and meet your retirement goals. Some advice may incur fees based on the level of advice.

A Mozo Experts Choice Superannuation Awards winner for Low Fee super categories

UniSuper
  • Record of strong long-term performance across a range of investment options with 615,000 members and $124 billion in funds under management.
  • Fees among the lowest in the industry
  • Responsible investor - Environmental, Social and Governance (ESG) factors are considered across its major investment holdings
  • No commissions to advisers or profits to shareholders, member first fund
  • Highly Commended Super Fund Award winner - Mozo Experts Choice Awards

UniSuper is open to all Australians, though it built its reputation as the industry fund for the higher education sector. It has a record of strong long term investment performance (though this isn’t an indicator of future performance). According to recent Member Outcome Assessments, UniSuper promotes the best financial interests for its members and has some of the lowest administration fees in the industry. UniSuper champions responsible investment and its ESG approach includes direct engagement with companies on ESG issues as well as offering its members environmental and sustainable options to invest responsibly. 

General advice about super and pensions is included as part of your membership but there are also paid advice services which vary in cost depending on the level of advice required.

Unisuper was awarded the Highly Commended Super award in the 2025 Mozo Experts Choice Superannuation Awards.

Virgin Money Super
  • Mozo Experts Choice Award winner for Exceptional MySuper 2025
  • Strong performing investment fund
  • Earn Velocity points on contributions and any funds rolled over (T&Cs apply)
  • Fees among the lowest in the industry for the Lifestage Tracker Option
  • Simple super advice at no additional cost + automatic Death and Total Permanent Disablement cover

Virgin Money Super is a retail superannuation fund available to Australians and backed by Mercer Super, who has been providing superannuation related services to Australians for over 40 years. It offers a range of investment options from a fully managed Lifestage Tracker that does the investment work for you, to a choose your own investment mix option that gives you the opportunity to invest your money where you’re most comfortable. One Velocity Frequent Flyer Point will be awarded for every $5 of Net Super contribution during the Points Earn Period and the maximum number of Velocity Points in any financial year is 250K.

Virgin Money Super also provides automatic Death and Total Permanent Disablement cover and includes additional insurance options. Members can also get simple super advice over the phone from a qualified financial adviser at no additional cost.

What to look for in a super fund

The main aspects to super that you’ll want to compare providers side by side on include:

  • Performance - super is a long term investment so it’s a good idea to look at a fund’s performance over a 5-10 year period.
  • Low fees - all superannuation funds will charge fees. Some will be charged on a percentage and others could be a dollar amount. Some funds might even charge both. Here's a more detailed explainer on types of super fees.
  • Investment options - most super funds will let you choose from a range of investment options. They usually have a conservative, balanced and growth option. Some funds will also have ethical as well as the default MySuper option. 
  • Financial advice - super funds usually offer a mix of advice options from free help with setting up super through to comprehensive financial advice for an extra fee. 
  • Insurance - life, income protection and total and permanent disability (TPD) are some of the insurance options available via superfunds.

FAQs on super

Does it cost money to open a super account?

No, you don’t need to pay a fee to open a super account. You simply choose which provider you would like to invest with and apply to open a super account with them. 

But super funds do charge administration and other fees so you should be aware of these before you sign up. It may be a good idea to consolidate your super accountsin order to minimise fees.

What information will I need to give my employer once I have opened a super account?

Once you have opened an account you will need to tell your employer your:

What happens if I don’t choose a super fund?

If you don’t choose a super fund, your super will be paid into a default fund that is chosen by your employer. This is called a MySuper product.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.