AustralianSuper review
Australia's largest super fund by members and assets.
Who it's best for
Mainstream accumulators who want a set-and-forget Balanced default with good long-term performance.
The good
- Very large scale → competitive fees at mid/high balances
- Consistent top-quartile 10-year performance
- Direct Investment option gives control over ASX300 shares, ETFs and term deposits
The less-good
- Admin flat fee is low but % fee is higher than a pure indexer
- Direct Investment option has additional brokerage fees
The numbers in detail
| MySuper product | Balanced |
|---|---|
| Asset mix | Growth 70 / Defensive 30 |
| Fixed admin fee | $52/yr |
| % fee (investment + indirect) | 0.57% |
| Insurance default | Default death, TPD, income protection (opt-out) |
| Choice options available | 11 |
| APRA performance assessment | Performing |
How AustralianSuper compares
Run AustralianSuper through our fund comparison tool alongside AustralianSuper, Hostplus, and UniSuper at your actual balance — the dollar fees at $50k can look very different at $250k or $15k, and the ranking sometimes flips. You can also project your own retirement outcome with its fee and return using the retirement projection calculator.
Switching to (or from) AustralianSuper
Switching supers involves four steps that matter: check the insurance you'd lose when closing, update your employer's Standard Choice form so SG flows to the right place, consolidate via myGov, and confirm the rollover lands. Our consolidation guide has the full walkthrough.
The official source
Always verify current fees, insurance terms and investment options on the fund's own PDS before making a decision. australiansuper.com has the latest. The figures on this page are indicative and updated periodically from the APRA heatmap and the fund's PDS.
General information only — not financial advice. Super decisions are long-term; verify with a licensed adviser. Figures on this page are indicative — verify on the fund's PDS.