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 |
0-0.06% |
|
2 |
Meat Industry Employees' Superannuation Fund |
Industry fund |
No |
0.25% |
|
3 |
State Super (NSW) |
Government fund |
No |
0.40% |
|
4 |
First State Superannuation Scheme |
Industry fund |
Yes |
0.41% |
|
5 |
Emergency Services and State Super |
Government fund |
No |
0.43% |
|
6 |
Telstra Superannuation Scheme |
Corporate fund |
Yes |
0.52% |
|
7 |
ANZ Australian Staff Superannuation Scheme |
Corporate fund |
No |
0.54% |
|
8 |
Unilever Super |
Corporate fund |
No |
0.56% |
|
9 |
QSuper |
Government fund |
No |
0.59% |
|
10 |
AGEST Super |
Industry fund |
Yes |
0.59% |
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 was last updated in July 2008. |