There are about 500 superannuation funds operating in Australia.
What are the top 10 super funds in Australia?
The top 10 growth funds according to StockSpot are:
- UniSuper – Sustainable Balanced.
- Fiducian Super – Balanced Fund.
- Aware Super – Growth.
- IOOF – MultiMix Balanced Growth.
- UniSuper – Balanced.
- Lutheran Super – Balanced Growth (MySuper)
- Victorian Superannuation Fund – Growth (MySuper)
- Qantas Super – Growth.
What are the top 3 super funds in Australia?
We compare the best performing super funds in Australia in 2021 – and the worst.
…
Best and worst performing growth super funds.
| Top 10 Growth Super Funds | 5 YEAR RETURN (P.A.) | |
|---|---|---|
| 1. | HESTA – Sustainable Growth | 11.8% |
| 2. | Australian Super – Balanced | 10.4% |
| 3. | UniSuper – Sustainable Balanced | 10.2% |
| 4. | Fiducian – Balanced | 9.9% |
How many SMSF funds are there in Australia?
For a wealthy Australian, this would likely be a rate of 45 per cent, plus the Medicare levy. There are thought to be about 6000 SMSFs with more than $5 million in assets, compared with about 500 accounts above that threshold in large APRA-regulated funds.
What is the largest superannuation fund in Australia?
Rankings by Total Assets
| Rank | Profile | Region |
|---|---|---|
| 1. | Commonwealth Superannuation Corporation | Australia and Pacific |
| 2. | AustralianSuper | Australia and Pacific |
| 3. | Qsuper | Australia and Pacific |
| 4. | Aware Super | Australia and Pacific |
What is the best super fund in Australia?
Best performing super funds
| Super fund | Investment option | 10 yr return (% per yr) |
|---|---|---|
| AustralianSuper | Balanced | 9.7% |
| Hostplus | Balanced | 9.7% |
| Cbus | Growth (Cbus MySuper) | 9.6% |
| UniSuper | Accum (1) – Balanced | 9.6% |
Which Super Fund is best 2021?
Aware Super named Best Super Fund for 2021
- The awards for Best Pension Fund and Best MySuper Product were taken out by Cbus and AustralianSuper respectively.
- HESTA won the most awards, with four, including one of the new awards – Best Innovation – ESG Investment Leadership.
How much super do I need to retire at 60?
ASFA estimates people who want a comfortable retirement need $640,000 for a couple, and $545,000 for a single person when they leave work, assuming they also receive a partial age pension from the federal government. For people who are happy to have a modest lifestyle, this figure is $70,000.
Can a super fund go broke?
After declaring bankruptcy, you can withdraw money from your superannuation funds, which you can usually spend as you wish provided you meet the superannuation regulations. If you withdraw the amount as a lump sum, the funds may not be considered a divisible property and may be protected from creditors.
What is the best super fund in Australia 2021?
Best-performing super funds 2021
| Super fund | 10-year return (p.a. to June 2021) |
|---|---|
| AustralianSuper Balanced | 9.7% |
| Hostplus Balanced | 9.7% |
| Cbus MySuper | 9.6% |
| UniSuper Balanced | 9.5% |
Who owns AustralianSuper fund?
AustralianSuper is owned by the Australian Council of Trade Unions (ACTU) and employer peak body the Australian Industry Group (Ai Group).
What is the best super fund in Australia 2020?
Figures from fund researcher SuperRatings show Qantas Super Gateway – Growth option, with a return of 22 per cent, was the best performing super fund in 2020-21. BT Panorama Full Menu – BT Wholesale Multi-Manager Balanced Fund was second with a return of 21.4 per cent.
How many Australians have a million in super?
More than 210,000 people have more than $1 million in superannuation, the majority (140,000) of whom are self-managed superannuation fund (SMSF) account holders. The remainder (70,000) are in APRA-regulated funds.
What is the average super balance for a 35 year old?
Superannuation balances by age and gender
| Age | Men: Average account balance | Women: Average account balance |
|---|---|---|
| 25-29 | $25,173 | $21,774 |
| 30-34 | $51,175 | $42,240 |
| 35-39 | $83,723 | $66,611 |
| 40-44 | $121,119 | $92,680 |
How many superannuation accounts are there?
This suggests that there were around 17 million Australians with superannuation as at June 2020. APRA data indicate that as June 2020 there were 24.4 million accounts in the superannuation system, including 1.1 million accounts in Self-Managed Superannuation Funds (Table 2).