Top performing super funds on Canstar's database

TAMIKA SEETO
Finance Journalist · 8 October 2021
Canstar has identified the best-performing super funds on its database for annual investment returns over five and three years.

Super funds delivered strong returns in the 2020/21 financial year, despite share market volatility in the early stages of the COVID-19 pandemic. According to the Association of Superannuation Funds of Australia (ASFA), funds averaged annual returns of nearly 20%. This marks the system’s best performance since compulsory superannuation was introduced almost 30 years ago.

While these strong one-year returns will serve as good news for many Australians saving for retirement, when choosing a super fund it can be a good idea to look at investment performance over a longer period. Past performance can give an indication of what a fund has been able to deliver historically, but it’s important to bear in mind that it doesn’t mean a fund will necessarily be able to repeat that performance in the future. There are also other factors to consider, such as the fees charged, whether the insurance offering is suitable for you, as well as services such as the education and advice on offer.

Canstar has prepared a list of the top-performing super funds on its database over the last five and three years to 31 August 2021.

Top performing super funds: five-year returns (average per annum)

The table below displays some of the superannuation funds currently available on Canstar’s database for Australians aged 30 to 39 with a super balance of up to $55,000. The results shown are sorted by 5-year return (highest to lowest). 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. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. Use Canstar’s superannuation comparison selector to view a wider range of superannuation funds. Canstar may earn a fee for referrals.

Top performing super funds: three-year returns (average per annum)

The table below displays some of the superannuation funds currently available on Canstar’s database for Australians aged 30 to 39 with a super balance of up to $55,000. The results shown are sorted by 3-year return (highest to lowest). 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. Consider the Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the TMD. Use Canstar’s superannuation comparison selector to view a wider range of superannuation funds. Canstar may earn a fee for referrals.