Lowest fee super funds 2022
Unfortunately, we are not able to display the lowest-fee super funds on our database right now due to an internal error, which will be fixed shortly.
In the meantime, we’ve displayed a table below which displays the highest-rated super funds on our database. When we decide on the highest-rated funds in our Superannuation Star Ratings and Awards, 60% of each fund’s overall score relates to performance. The fees consumers pay are one of the elements we evaluate in the performance category, along with yearly investment returns and default insurance premiums.
The results shown are sorted by highest Star Rating, followed by highest 5-year investment returns, then alphabetically by provider name.
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The initial results in the table above are sorted by Star Rating (High-Low) , then 5 year return (High-Low) , then Provider Name (Alphabetical) . Additional filters may have been applied, see top of table for details.
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Lowest fee super funds
Australians pay billions of dollars in superannuation fees every year so it may be worth checking what fees apply when considering the right super fund for you. Canstar rounds up some of the lowest fee super funds on its database, based on annual cost for a range of balances.
The fees you pay include those for investment management, advice and administration, which are deducted from your super balance. The amount you pay can vary greatly depending on your age, account balance, investment type and the super fund you are with.
Australians paid out more than $9.1 billion in total fees to super funds in the financial year to June 2021, according to figures from the Australian Prudential Regulation Authority (APRA). The biggest cost was for administration ($4.1 billion) followed by investment ($2.9 billion).
→ Read more: Super fees explained
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About our finance experts
Josh Sale, Ratings Manager
As Canstar’s Ratings Manager, Josh Sale is responsible for the methodology and delivery of Canstar’s Superannuation Star Ratings and Awards. With tertiary qualifications in economics and finance, Josh has worked behind the scenes for the last five years to develop Star Ratings and Awards that help connect consumers with the right super fund for them.
Josh believes that for many Australians, superannuation is arguably the most important financial product they will ever have, as the fees you’re paying and your fund’s performance could be the difference between a comfortable retirement and struggling to pay the bills.
When it comes to his own super, the phrase ‘set and forget’ is not in Josh’s vocabulary. Not only does he check his super balance monthly, he maintains spreadsheets with projections to ensure he’s on track for retirement. He is passionate about helping others to actively monitor their super and make sure they are on track for the best retirement possible.
As one of Canstar’s spokespeople, Josh has been interviewed on a wide range of personal finance topics by media outlets such as the Australian Financial Review, news.com.au and Money Magazine.
You can follow Josh on LinkedIn, and Canstar on Twitter and Facebook.
Michael Lund, Senior Finance Journalist
Michael specialises in writing on superannuation, savings, wealth and life insurance. He is an award-winning journalist with more than three decades of experience reporting on a range of subjects, including general news, lifestyle, local government, science and technology. He started in the UK working for a number of local and evening newspapers, including as a local government reporter. He then moved to the BBC and worked in radio before taking up the position of bi-media local government correspondent for the West of England, based in Bristol. In 1998 Michael moved to Australia and worked for Queensland’s The Sunday Mail before joining the ABC in Brisbane. There, he worked as a reporter and producer in a number of areas in radio and television, including for ABC TV’s popular Australian Story. After a stint as a tutor and lecturer in journalism at Queensland University of Technology, Michael returned to News Corp as a feature writer for The Courier-Mail. An interest in online journalism saw Michael join The Conversation first as a science and technology editor; and later as a commissioning editor, working across all areas of coverage including with The Conversation’s New Zealand team. Michael has been lucky enough to win a few awards for his work, including a Queensland Media Award and a highly commended in the Walkleys. In 2021 he was part of a team that was a finalist in the Australian Museum Eureka Prize for Science Journalism. He holds a Bachelor of Science in mathematics and applied physics (Manchester Metropolitan University) and a Masters of Science in pure mathematics (Liverpool University). You can connect with Michael on LinkedIn. View Michael’s articles.
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Important information
For those that love the detail
This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.