Regardless of your age, you should invest your super in a fund that aligns with your personal risk tolerance. These assets offer higher capital growth over the long term so are best for members with a long timeframe. If you're young, you might want a super fund that has a bit more exposure to high-growth assets like shares and property. Look for a fund with low fees and strong investment returns but also consider the following: There's no one super fund that is best for everyone (sorry!). You might decide the right fund for you is one that invests ethically, even though it may not be a top-performing fund. However, performance isn't the only thing to think about when choosing a fund. High returns will help your super balance grow bigger (and quicker!) than it would with lower returns.
(Remember, past performance is not a guarantee of future returns.) Benefits of a top-performing super fund These top 10 super funds in the table above have greatly out-performed this average return all achieving around 10% p.a. "The typical long-term return objective for growth funds is to beat inflation by 3.5% p.a., which translates to about 5.5% to 6% p.a.," said Chant West senior investment research manager Mano Mohankumar.Īccording to Chant West the average real return for super funds since 1992 is around 5.8%. Growth funds have 61-80% allocation to growth assets and are where the majority of Australians have their super invested. The table above looks at growth super funds only using data from Chant West. Virgin Money Super LifeStage Tracker also charges some of the lowest fees in the market with impressive past performance returns.įind the best super fund for you 10 top-performing super fundsĪustralian Retirement Trust Balanced (previously Sunsuper) Most other life-stage super products in the market only offer a few different life-stages within their product. Virgin Money Super LifeStage Tracker offers 15 different life-stage investment allocations within 1 product, so your investment allocation is readjusted every 5 years in line with your age. 💬 Finder's pick: Best life-stage or age-based super fund It's also among the 10 top-performing growth funds with a return of 9.80% p.a. It's one of just a handful of super funds to be certified by the Responsible Investment Association Australasia and the winner of a Finder Green Award. Our pick for the best ethical super fund is Australian Ethical Super. 💬 Finder's pick: Best ethical super fund UniSuper also has some of the lowest fees of all the industry super funds and offers a range of different investment options to choose between, including an ethical option. UniSuper's default super option, UniSuper Balanced, is among the 3 top-performing growth funds over the last decade with a return of 10.60% p.a. Our pick for the best industry fund is UniSuper. 💬 Finder's pick: Best industry super fund Over the past decade, AustralianSuper Balanced achieved a return of 10.70% p.a. This fund is the best-performing growth super fund over the last 10 years. Our pick for the best-performing super fund is AustralianSuper Balanced. 💬 Finder's pick: Best-performing super fund
Instead, here are some of Finder's best super fund picks based on different features. There's no one super fund that is 'best' because we all want different things with our super. An investment strategy that aligns with your age, risk tolerance, goals and personal values.Low fees (aim for annual fees less than 1-1.5% of your super balance).A history of high long-term returns (10-year returns).Generally, a great super fund has the following features: *Past performance and fee data is for the period ending December 2021.
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