Note: In this article you can find the cheapest super funds and the cheapest super pension funds. The fees listed relate to the balanced investment option of the particular public offer super fund. Balanced option is defined as having 60 to 76% of investments in growth assets, which means some super funds may describe this option as a growth option. Latest update was May 2018, using March 2018 (super funds), and March 2018 (pension funds) data.
We are often asked which super fund is the cheapest super fund in Australia. As you would expect, SuperGuide’s preliminary response is: “It depends…”. How much your super fund may charge in fees can depend on many factors, including:
- whether you join your super fund via your employer or independently
- what type of investment option you choose (or whether you opt for the default investment option)
- how much insurance cover you have (if any) within your super fund
- whether you are taking a pension from your super fund
Ratings agency, SuperRatings, regularly supplies data on the cheapest super funds and the cheapest pension (retirement) funds. In the 2 tables set out later in the article, you can discover: