We’re helping over 970,000 Australians make the most of retirement1. Whatever your path, find out how you could retire with us too.
See how AustralianSuper compares
Even in retirement, our history of strong performance has given AustralianSuper members an advantage over the long term2. And being with top long-term performing fund could make a big difference to how long your retirement savings last.
The following table compares AustralianSuper’s Choice Income net benefit against the average super fund and the average retail super fund. It shows how a member’s balance would have grown over 10 years to 30 June 2024, whilst still drawing a regular retirement income.
| Net benefit | ||||
|---|---|---|---|---|
| Starting balance | Average yearly income payment over 10 years | Investment earnings over 10 years (less fees and costs) | Balance after 10 years | |
| AustralianSuper Choice Income account Balanced option | $300,000 | $20,900 | $295,400 | $386,500 |
| All super funds (average) - Balanced | $300,000 | $19,300 | $235,400 | $342,000 |
| Retail super funds (average) - Balanced | $300,000 | $18,600 | $201,900 | $316,200 |
Net benefit refers to investment earnings to 30 June 2024 (less administration, investment fees and costs, transaction costs and taxes). Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns9.
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Important information to consider
- AustralianSuper accumulation members aged 50 and over as at June 2024.
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 30 September 2024. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.
- APRA Quarterly superannuation fund level statistics June 2024. Released October 2024.
- Source: Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403). Chant West Pension Fee Survey June 2024. Survey compares the average administration fees and costs for multi-manager growth options (61-80% growth assets) for a $250,000 balance. 58% equates to $414 over 1 year. Other fees and costs apply. Fees may change in the future which may affect the outcome of this comparison.
- Readers Digest Most Trusted Brands – Superannuation category winner for 12 years running 2013-2024 according to research conducted by leading independent research agency Catalyst Research. Awards and ratings are only one factor to be taken into account when choosing a super fund.
- Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.
- AustralianSuper received the Canstar Outstanding Value Award - Account Based Pension in 2018 - 2024. Awards and ratings are only one factor to be taken into account when choosing a super fund.
- Transition to Retirement (TTR) can be complex and isn’t suited to everyone. It’s a good idea to get financial advice before deciding if a TTR Income account is right for you.
- Comparisons modelled by SuperRatings, commissioned by AustralianSuper. The outcome shows the average difference in ‘net benefit’, a measure of past investment returns after administration fees and costs, investment fees and costs, transaction costs and taxes have been taken out. The results compare the AustralianSuper Choice Income Balanced investment option and comparable pension balanced options, for historical periods to 30 June 2024. Other fees and costs may apply. Outcomes vary between individual funds. See Assumptions for more details. The model uses return and fee data that is submitted to SuperRatings. The model assumes: a starting age of 65 commencing 1 July 2014 and finishing on 30 June 2024; a starting balance of $300,000; and a drawdown rate of 6% p.a. Insurance premiums and other fees and costs may apply. Outcomes vary between individual funds. Figures have been rounded to the nearest $100. See Assumptions for more details about modelling calculations and assumptions. Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns.