Compare Super Funds Australia
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; this currently sits at 12% of your base pay and will remain there for the foreseeable future.
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, including a few that took home awards in the 2026 Mozo Experts Choice Awards for Superannuation.
Aware Super
- Aware Super manages over $200 billion in retirement savings for over 1.1 million Australians
- Track record of delivering super long-term returns – 9.27% p.a. over 10 years and 10.12% over 5 years to 31 August 2025 in the High Growth option.
- Multiple award winner for 2026 in the Mozo Experts Choice Awards for Superannuation: Exceptional Super Fund for Gen Z and Exceptional Low Fee Super Conservative option.
- Investment flexibility: Choose from a range of diversified options or single asset class options, or MySuper Lifecycle which automatically tailors your investment mix to your age over time.
Aware Super is one of Australia’s largest industry funds, managing over $200 billion for more than 1.1 million members. With a range of investment options including diversified, high-growth, and sustainable choices, Aware Super allows you to tailor your super to match your financial goals and risk appetite.
It’s also committed to responsible investing, focusing on industries like healthcare, education, and clean energy to create positive long-term impacts. It has tools and resources to help you stay on top of your super including a mobile app, retirement planner, calculators as well as online and in-person educational events and retirement planning and advice (fees may apply).
Superhero Super
- Your choice of professionally-managed portfolios or directly investing in options like ASX 300 shares, ETFs, and managed funds
- Easy-to-use digital dashboard for managing your portfolio
Superhero Super is designed for Australians who want greater control over their super, offering a unique way to tailor their retirement savings. Unlike traditional super funds, Superhero Super lets you invest directly in a range of ASX 300 shares, ETFs, and managed funds, giving you the flexibility to shape your portfolio based on your own financial goals and risk appetite. In addition to this, Superhero Super boasts a selection of diversified investment options managed by Mercer, which you can select from if you’d rather leave your super to the professionals.
Superhero’s easy-to-use online platform puts your super in your hands, allowing you to track and manage your investments in real-time.
Spaceship Super
- Exceptional Super High Growth award winner for 2026 in the Mozo Experts Choice Awards for Superannuation
- Choice of forward-thinking investment options
- Digital dashboard to help you see where and how your super is invested
Spaceship Super says that above all else it’s focussed on building long-term value for its members. Its recent 2026 Mozo Experts Choice Award for High Growth Super is proof that it is delivering on this. Members have a choice of the award-winning GrowthX option, which has a focus on Global technology companies and the Global Index option which passively invests in growth assets, particularly international shares. In June this year, Spaceship also launched two new options, a Moderate Option which is designed to blend stability and growth and a Balanced Option which blends exposure to growth and defensive assets with the aim to balance potential returns and risk.
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 Home Super Saver account.
Virgin Money Super
- Triple award winner for 2026 in the Mozo Experts Choice Awards for Superannuation: Exceptional MySuper, Low Fee MySuper and Exceptional Super Balanced option
- Earn Velocity points on contributions and any funds rolled over (T&Cs apply)
- 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.
AMP Super
- 175 years of experience in helping Aussies secure their financial future.
- Access a retirement health check via phone or My AMP with no extra fees
- A simple investment menu with exposure to leading investment managers to suit a wide range of investor needs
With over 175 years of experience, AMP has helped generations of Australians grow and manage their super through a mix of expert guidance, flexible options and easy-to-use digital tools. You can tailor your investment approach to suit your style, whether that’s building a personalised strategy with help from an adviser, or by choosing your own path through our simple investment menu.
The default AMP MySuper option continuously evolves with your life stages as you get older, and over 5 years to 30 June 2025:
- The 1990s option delivered returns of 10.08%
- The 1980s option delivered returns of 10.19%
- The 1970s option delivered returns of 9.71%
Every member also gets access to a retirement health check with no extra fees, designed to support confident planning at every stage, available by phone or through the My AMP app.
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
- Multiple award winner for 2026, including Highly Commended Super Fund, in the Mozo Experts Choice Awards for Superannuation
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.
Named as a Highly Commended Super Fund for 2026 in the Mozo Experts Choice Awards for Superannuation, off the back of wins in multiple other categories including Exceptional MySuper, Exceptional Super across multiple risk categories, and Low Fee MySuper.
Hostplus
- Industry super fund, profits go to members, not shareholders
- Over 1.8 million members and $114.8 billion in funds under management
- Strong investment performance over past 20 years together with low fees
- Named Australia’s Best Super Fund for 2026 in the Mozo Expert Choice Awards for Superannuation
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.
Named Australia’s Best Super Fund for 2026 in the Mozo Expert Choice Awards for Superannuation off the back of multiple other awards including Exceptional MySuper, Low Fee Super across multiple risk categories, Exceptional Super for Gen X and Exceptional Super for Millennials.
UniSuper
- Record of strong long-term performance across a range of investment options with 670,000 members and $155 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
- Multi-award winner for 2026 in the Mozo Experts Choice Awards for Superannuation
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 took home multiple awards for 2026 in the Mozo Experts Choice Awards for Superannuation, including Exceptional MySuper, Low Fee MySuper, and Exceptional Super for Gen X.
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:
- Membership number
- The name of your super fund
- The ABN of your super fund
- The fund’s Unique Superannuation Identifier, trustee name and letter of compliance
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.
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