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.
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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