Workplace super top 10 for fees


Best fee deals for Workplace Super products used by employers

This table describes the best overall fees payable, where overall fees are calculated for a member earning $50,000 p.a. with $50,000 in the MySuper or default investment option.

Rank Product Name Segment Can
anyone join?
Total Expense Ratio
TER % TER $
1 Bendigo SmartStart Super - Employer Retail Yes 0.65% $323
2 ANZ Smart Choice Retail Yes 0.66% $330
3 Goldman Sachs & JB Were Super Fund Corporate No 0.68% $340
4 Virgin Super Employer Retail Yes 0.72% $358
5 ANZ Staff Super Corporate No 0.72% $360
6 Meat Industry Employer Super Fund Industry No 0.74% $372
7 UniSuper Industry Yes 0.75% $376
8 CBA Group Super Corporate No 0.81% $403
9 EISS Super Industry Yes 0.82% $410
10 AustralianSuper Industry Yes 0.91% $453
  Industry average (median)     1.20% $600
     
  Note these Workplace Super products are the lowest fee products used by employers, whether public or private sector. Not all employers can join all these products, i.e. some are restricted to only selected employers. To avoid these restrictions, employers should look for products that are public offer, where anyone can join.

For details on how SelectingSuper makes sense of fees, please click here.

This table represents the Top 10 out of 133 Workplace Super products, covering all market segments.

This table was last updated in June 2018.

     
News
Senate secures members' interest changes
20 September 2019, 12:36pm
Insurance in superannuation is now opt-in only for new members under the age of 25 and those with low account balances, after the government's Putting Members' Interest First super reforms passed through ... Read more

When comparing super funds and considering what is right for you, look for funds displaying the AAA Quality Assessment and Rainmaker SelectingSuper Award logos.

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