Best fee deals for Superannuation funds used by employers
This table describes the best overall fees payable, where overall fees are calculated for a member earning around $50,000 p.a. and who has $50,000 in their superannuation fund's default investment option.
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|
Rank |
Fund name |
Segment |
Can anyone join? |
TER |
|
1 |
Australia Post Superannuation Scheme |
Government fund |
No |
0.00% |
|
2 |
First State Superannuation Scheme |
Industry fund |
Yes |
0.34% |
|
3 |
State Super (NSW) |
Government fund |
No |
0.38% |
|
4 |
Shell Australia Superannuation Fund |
Corporate fund |
No |
0.41% |
|
5 |
Military Superannuation and Benefits Scheme |
Government fund |
No |
0.42% |
|
6 |
ANZ Australian Staff Superannuation Scheme |
Corporate fund |
No |
0.48% |
|
7 |
SA Metropolitan Fire Service Superannuation Scheme |
Government fund |
No |
0.53% |
|
8 |
Commonwealth Bank Officers' Superannuation Fund |
Corporate fund |
No |
0.57% |
|
9 |
Holden Employees Superannuation Fund |
Corporate fund |
No |
0.58% |
|
10 |
Meat Industry Employees' Superannuation Fund |
Industry fund |
No |
0.62% |
Note these funds are the lowest cost funds used by employers, whether public or private sector. Not all employers can join all these funds, i.e. some funds are restricted to only selected employers. To avoid these restrictions, employers should look for funds that are public offer.
This table represents the Top 10 out of 149 Workplace superannuation products, covering all market segments.
This table was last updated in August 2011. |