What is the best superannuation fund in Australia?

• UniSuper (SuperRatings)
• UniSuper (Chant West)

• Best ethical fund. Green Company. Australian Ethical Super Balanced. ...
• Best long-term returns. Finder Award. AustralianSuper - Pre-mixed, Balanced option. ...
• Best industry fund. UniSuper Balanced. ...
• Best lifestage fund. Virgin Money Super - LifeStage Tracker.

How do I choose the right super fund?

How are super funds performing in 2022?

Superannuation assets totalled over $3.4 trillion at the end of the March 2022. This was a 9.7 per cent increase in the value of total superannuation assets over the past year, reflecting strong investment performance and positive contributions growth due to COVID-19 fiscal stimulus received over the period.

Which is better AustralianSuper or Hostplus?

AustralianSuper Balanced has better long-term returns and lower fees than Hostplus Balanced, but Hostplus offers more low-fee index investment options to choose from. Compared these popular industry funds side-by-side.

Is Hostplus the best super fund?

Figures from SuperRatings show that giant industry fund Hostplus had the best-returning balanced investment option, not only during 2021 but also over the past 7 and 10 years. Hostplus Balanced heads the 2021 performance league table with a return 19.1 per cent.

Is Commonwealth super good?

Very good so far!

The process of consolidating was very easy. I had been told I would not get as good returns with CommBank as my previous funds but so far that is not the case. Highly recommend, especially for current Commonwealth banking customers for the pure convenience.

How will superannuation perform in 2021?

Preliminary data suggests that the median “balanced” super fund will end November with a one-year gain of 11.4 per cent, according to fund researcher SuperRatings. “This suggests typical 'balanced' option funds are likely to record a return of 11 to 12 per cent for calendar 2021,” a spokesperson for SuperRatings said.

Should I change super funds?

Look at the long-term performance and investment returns

The performance of your super fund can make a big difference to your balance. Switching to a super fund that has a history of strong returns may mean you end up with more money in retirement.

Is AustralianSuper a good super fund?

AustralianSuper received the Canstar Outstanding Value Award – Superannuation in 2022 and Outstanding Value Award – Account Based Pension in 2021. Ratings are only one factor to be taken into account when choosing a super fund.

Is HESTA or Hostplus better?

Both options have similar fees, however HESTA Sustainable Growth has achieved better returns than Hostplus Socially Responsible Investment Balanced. If you're interested in investing your super ethically, you can compare these funds with range of additional ethical super funds in our guide.

How much super do I need to retire at 60 in Australia?

Pre-planning helps

A good place to start is the ASFA Retirement Standard, March quarter 2022. ASFA estimates people who want a comfortable retirement need $640,000 for a couple, and $545,000 for a single person when they leave work, assuming they also receive a partial age pension from the federal government.

How much super do I need to retire at 65?

ASFA estimates that the lump sum needed at retirement to support a comfortable lifestyle is $640,000 for a couple and $545,000 for a single person. This assumes a partial Age Pension. ASFA estimates that a modest lifestyle, which covers the basics, is mostly met by the Age Pension.

What should I do with my super now?

Is ANZ superannuation good?

According to Canstar, ANZ Smart Choice Super “was ahead of the pack when it came to how its customers scored it on fees, investment returns and insurance, and was ahead of the average of all the eligible funds on value for money, customer service and communication.”

Is sunsuper a good super fund?

Sunsuper proudly held Canstar's highest 5-Stars Outstanding Value rating for outstanding value superannuation since 2011.

Is HESTA a good superannuation fund?

We were Money magazine's most awarded super fund in their 2021 Best of the Best Awards, including for Best Balanced Super Product. SuperRatings has awarded us a 15 year platinum performance rating - the highest possible. And, we're one of only four funds that can say that.

How can I reduce my super fees?