How do I switch super funds?

You can switch by opening an account with your new fund and completing a rollover form. Most funds also let you do this online through myGov. The process usually takes 3-5 business days. Make sure to check for exit fees and insurance implications before switching.

MySuper is a standardised, low-cost default super product. All employers must offer a MySuper product as the default option. These products must pass APRA's annual performance test or face consequences including closure to new members.

Will I lose insurance if I switch funds?

Yes, your existing insurance cover ends when you switch. Your new fund may offer different insurance, and you may need to pass health checks for certain cover levels. Always secure new insurance before cancelling old cover, especially if you have pre-existing conditions.

What's the difference between industry and retail super funds?

Industry funds are run as not-for-profit for members' benefit, often with lower fees. Retail funds are run by banks or investment companies for profit. Both can deliver strong returns, but historically industry funds have had lower fees on average.

§ Tool · tier 2 · independent

Super Fund Comparison Tool.

Compare super funds side-by-side by fees, returns, and features to find the best fund for you.

Live dataFree, no signupOn-deviceLiveupd February 2026

Inputs

Your numbers

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Move the sliders or type in the form on the left — the math updates live as you go. Click Get AI verdict when you want a written analysis.

Choosing the right superannuation fund can mean tens of thousands of dollars difference at retirement. With over 150 super funds in Australia, comparing them all manually is nearly impossible. Our AI-powered Super Fund Comparison tool analyses your current fund against top-performing alternatives based on fees, returns, insurance, and features — tailored to your investment style and priorities.

§ Worked examples

Real-world scenarios

The Fee-Conscious Saver

Lisa has $120k in a retail fund charging 1.2% in fees. She's comparing to an industry fund charging 0.6%.

Over 25 years, the 0.6% fee difference could mean $95,000 more in Lisa's super at retirement — that's the power of low fees compounding over time.

The Ethical Investor

Ryan wants an ESG-focused fund but worries about lower returns.

Several top ESG super funds have matched or outperformed traditional balanced options over 10 years, proving ethical investing doesn't mean sacrificing returns.

§ FAQ

Questions Australians ask

§ Glossary

Plain-English definitions

APRA Performance Test

An annual test by APRA comparing MySuper products against benchmarks. Funds that fail must notify members and may be closed to new members if they fail two years in a row.

Investment Option

The mix of assets your super is invested in (e.g., shares, property, bonds). Options range from High Growth (aggressive) to Cash (conservative).

Indirect Cost Ratio (ICR)

A measure of the total ongoing fees reduced from your super balance, expressed as a percentage. Lower ICR generally means more of your money stays invested.

ESG Investing

Environmental, Social, and Governance investing. Super funds that screen investments based on ethical criteria like climate impact, human rights, and corporate governance.

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How to use

01Enter the name of your current super fund.
02Input your current balance and annual income.
03Select your preferred investment option (e.g., Balanced, Growth).
04Choose what matters most to you — fees, returns, insurance, or ESG.
05Our AI will compare your fund against top alternatives with real data.

Key info

Fees are the biggest drag on super performance — a 1% difference in fees can cost over $100,000 by retirement.
Past performance doesn't guarantee future returns but long-term trends (10+ years) are meaningful.
Some funds offer lower insurance premiums or unique benefits like income protection.
APRA publishes annual performance test results — funds that fail twice are closed to new members.

Pro tips

Look at 10-year returns rather than 1-year returns for a more accurate picture.
Check if your employer has a preferred fund with lower fees or extra insurance benefits.
Consider the total fee impact: admin fees + investment fees + insurance premiums.
MySuper products are the default option and must meet strict APRA performance benchmarks.

Avoid these

Choosing a fund based solely on short-term returns instead of long-term consistency.
Ignoring insurance costs which are deducted from your balance each month.
Having multiple super accounts and paying duplicate fees and insurance premiums.
Not considering the tax implications of switching funds (e.g., unrealised capital gains).

Disclaimer: Estimates only. Interest rates, fees and policies change frequently. Always verify with lenders directly. General information, not personal financial advice.

Last updated · February 2026