Low fee super funds

Looking for a super fund with low fees? Use the table below to compare some of the lowest fee super fund products from our Online Partners. The results are sorted by the lowest annual fee at $50k balance, then highest Star Ratings, then highest five year return, then alphabetically by provider.

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  • Star Rating - lowest first
  • Star Rating - highest first
  • Annual fees at $50k balance - lowest first
  • Annual fees at $50k balance - highest first
  • 1 year return - lowest first
  • 1 year return - highest first
  • 5 year return - lowest first
  • 5 year return - highest first
$457
11%
10.1%
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Super that auto-adjusts investment mix as you get older
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Socially Conscious, Indexed, & other options available
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Choose from 15 investment options
Online rollover
Online application
$280
12.2%
N/A
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One of the lowest yearly fees in market at 0.56%
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Simpler, smarter super with strong performance
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Auto-adjusting investments as you age. T&Cs apply
Online rollover
Online application
$344
12.3%
9.9%
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Strong performing fund rewarding you with low fees
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Plus Velocity Points on contributions. T&Cs apply
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Super Simple Advice at no additional cost
Online rollover
Online application
$618
9.9%
7.2%
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Ethical & Sustainable Super Since 1986
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Super with heart
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Join in under 5 mins
Online rollover
Online application
$406
9.5%
8.1%
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Canstar Outstanding Value Super Award 2022-2025
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Strong long-term performer
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Lower fees means more for your future
Online rollover
Online application
$479
11.9%
9.6%
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Get super close to your super with AMP Super
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Digital tools and simple advice with no extra fees
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Lower than industry average fees & costs
Online rollover
Online application
$280
12.2%
N/A
Online rollover
Online application

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check Included
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canstar-rating-icon Canstar Star Rating
indicative-canstar-rating-icon Indicative Canstar Star Rating

Unsure of a term in the above table? View glossary

The initial results in the table above are sorted by Annual fees at $50k balance (Low-High) , then Star Rating (High-Low) , then 5 year return (High-Low) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

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Australian Financial Services Licence 293340.
Super Returns, Super Advice, Super Helpful
A smart investment approach that automatically tailors your investment mix to your age over time to help you retire with more.
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Canstar 2022, 2023 and 2024 Outstanding Value Super Award
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Get Expert Advice to Grow Your Super
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Delivering Super advice and Super returns.
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Managing investments for over 1 million Australians
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Local call centres in Perth and Melbourne
Australian Financial Services Licence 293340. See Terms & Conditions. Star Rating Methodology.
Australian Financial Services Licence 293340. See Terms & Conditions.

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. The above comparison table allows you to compare some of the lowest fee super funds from our Online Partners, 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 $10.2 billion in total fees to super funds in the financial year to June 2024, according to figures from the Australian Prudential Regulation Authority (APRA). The biggest cost was for administration ($4.4 billion) followed by investment ($3.6 billion).

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Frequently Asked Questions about Lowest Fee Super Funds

The fees you pay can make a considerable difference to what you are left with in your super balance when you retire.

For example, a Moneysmart case study shows a 30-year-old earning $50,000 a year with an existing super balance of $20,000 paying fees of 2.5% could have $81,000 more in super at age 65 by switching to a fund with total fees of 1%.

So when considering a super fund, it’s a good idea to take into account the fees that are charged, along with the fund’s long-term performance. Also, keep in mind the potential life insurance coverage and the quality of financial advice that’s on offer, which can vary greatly between providers.

To help give you an idea of the fees that may be charged by various funds, you can use Canstar’s comparison table displayed at the top of this page to compare the annual fees for super fund products from our Online Partners, or filter for the entire Canstar database.

The annual cost takes into account administration fees, investment fees and performance fees (where applicable) and any other indirect costs. The cost of insurance is not considered, as not all super funds offer life insurance coverage.

Please note that to ensure like-for-like comparison, only the default investment option from each super fund has been captured within Canstar’s database. Where there is no default, the option with the highest ‘funds under management’ and a 60–80% growth asset allocation is used, so the fees of the funds listed in the table above are not necessarily the cheapest super funds on the market.

Investment options that have larger holdings of defensive assets (e.g. term deposits and bonds) typically have lower fees, although the long-term returns may be less than that of a fund with 60–80% in growth assets.

What fees a super fund charges should be included in a fund’s Product Disclosure Statement (PDS). Super funds are also required to report what fees they charge to the APRA.

It’s a good idea to look at all the fees a fund is charging when you are comparing super funds.

The fees should also be detailed on your super fund statements. If you don’t understand why a particular fee has been charged, then you should raise this with your super fund and ask them to explain in more detail.

You may also like to check other key disclosure documents, such as the Target Market Determination (TMD), Investment Guide, Insurance Guide and Fees Guide/Reference Guide (if it applies) to ensure you understand any fees, charges or special terms and conditions that apply with your policy.

In addition to fees, you may also be charged a premium when you have life insurance included within your super account. Most super funds automatically provide some members with life insurance—typically term life cover and Total and Permanent Disability (TPD) insurance.

Since 1 April 2020, this is provided on an opt-in basis for most new members who are under 25 or have a balance below $6,000.

The cost of insurance within super will typically depend on factors such as your level of cover, your age, whether you smoke and your occupation. Premiums are automatically taken out of your super balance but you can opt out of this type of insurance if you want.

Compare life insurance through super

Low fees are an important consideration when comparing super funds, but they aren’t the only factor to think about. For example, you may want to consider low fees in conjunction with a fund’s long-term performance, as the savings gained from low fees can be reduced or even outweighed by poor performance.

It’s also worth remembering that a fund’s past performance is not necessarily an indication of future performance. Other factors to think about include the financial advice and potential insurance offerings of the fund you’re considering.

Canstar’s comparison table of some of the best performing super funds may help you get an idea of which funds on Canstar’s database have historically performed well. Or, you can compare the fees and features of various super funds on Canstar’s database.

That being said, having high superannuation fees can potentially erode your savings over time. This is why it’s important to check what fees you are being charged and ensure that they represent value for you when taking into account your super fund’s performance and features, as well as your own needs and requirements.

Compare best performing super funds

Latest in superannuation

Canstar’s Superannuation Star Ratings and Awards

Looking for an award-winning product or to switch providers or brands? Canstar rates products based on price and features in our Star Ratings and Awards. Our expert Research team shares insights about which products offer 5-Star value and which providers offer outstanding value overall. We also reveal which providers have the most satisfied customers in our dedicated Customer Satisfaction Awards.

Superannuation Star Ratings and Awards

About our finance experts

Nina Rinella, Editor-in-Chief

Nina Rinella
As Canstar’s Editor-in-Chief, Nina heads up a team of talented journalists committed to helping empower consumers to take greater control of their finances. Nina has written countless articles about finance and has been interviewed on finance topics by media organisations including The Australian, Realestate.com.au, Domain, the Herald Sun and the Sydney Morning Herald. Previously Nina founded her own agency where she provided content and communications support to clients around Australia for 8 years. She also spent four years as the PR Manager for American Express Australia, and has worked at a Brisbane communications agency where she supported dozens of clients, including Sunsuper and Suncorp. When she’s not dreaming up ways to put a fresh spin on finance, she’s taking her own advice by trying to pay her house off as quickly as possible and raising two money-savvy kids. Nina has a Bachelor of Journalism and a Bachelor of Arts with a double major in English Literature from the University of Queensland. She’s also an experienced presenter, and has hosted numerous events and YouTube series. You can follow her on LinkedIn and Canstar on Facebook. Meet the Canstar Editorial Team. Have a media enquiry, and interested in featuring Nina as a financial expert and commentator? Contact Canstar’s Media Team today.

Joshua Sale, GM, Research

Joshua Sale

As Canstar’s Group Manager, Research, Ratings & Product Data, 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.

He 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 X and Facebook.

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.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

The Superannuation Star Ratings were awarded in November 2024. The results don’t include every provider in the market and we may not compare all features relevant to you. Current fees and performance information are displayed and may be different to what was rated. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Superannuation Star Rating Methodology. The rating shown is only one factor to take into account when considering products. Check current product details and investment options with the product issuer. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Consider the Product Disclosure Statement and Target Market Determination (TMD), before making a purchase decision. Contact the product issuer directly for a copy of the TMD. For more information, read our Detailed Disclosure.

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

The age group you selected is used to provide the results in the table, including fee, performance and asset allocation based on the investment profile in the Canstar Superannuation Star Ratings methodology. Consider your own level of risk comfort when you review the asset allocation as your preference may not match the profile shown. Some providers use different age groups for their investment profiles which may result in you being offered or eligible for a different product to what is displayed in the table. See here for more details.

Australian Retirement Trust Super Savings’ allocation of funds for investors aged 55-99 differs from Canstar’s methodology – see details here. The Australian Retirement Trust Super Savings (formerly Sunsuper for Life) product may appear in the table multiple times. While you will not be offered any single investment option, this is to take into account the different combinations of investment options Australian Retirement Trust may apply to your account based on your age. For more detail in relation to the Australian Retirement Trust Super Savings (formerly Sunsuper for Life) product please refer to the PDS issued by Australian Retirement Trust for this product.

Investment profiles applied initially may change over time in line with an investor’s age. See the provider’s Product Disclosure Statement and in particular applicable age groups for more information about how providers determine their investment profiles.

The performance and fee information shown in the table is for the investment option listed in the table above the performance and fee information and used by Canstar in rating the Superannuation product (where the product has a Star Rating). Performance information shown is for the historical periods up to 30/04/2025 and investment options noted in the table information. Performance figures shown reflect net investment performance, i.e. net of investment tax, investment management fees and the applicable administration fees based on an account balance of $50,000. To learn more about performance information, click here. Performance data may not be available for some products. This is indicated in the tables by a note referring the user to the product provider, or by no performance information being shown.

Please note that all information about performance returns is historical. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise.