Super Growth Comparison Tool
Compare two super funds side-by-side. Project their future growth based on fees and returns to choose the best one for you.
Quick Use Samples
Your Details
Fund A
Fund B
Comparison Results
Fund A (e.g. Current) Final Balance
$955,443
Fund B (e.g. New) Final Balance
$1,181,511
Difference in Your Favour
+$226,068
Super Balance Projection
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What Is a Super Growth Comparison Tool?
A Super Growth Comparison Tool allows you to compare two different superannuation funds side-by-side. It projects their future growth based on different fees, investment returns, and insurance premiums, helping you make an informed decision about which fund might be better for your retirement savings.
Behind the Formula
The tool runs two parallel superannuation projections. For each fund, it starts with your current balance and adds annual contributions. It then applies the fund's specific investment return, while subtracting its fees and insurance costs. This is compounded year-on-year to retirement age, showing you the long-term financial difference between the two funds.
Expert Insights
- Past performance is not a reliable indicator of future performance. While it's a useful data point, a fund's investment strategy, asset allocation, and fees are often more important long-term predictors of success.
- Insurance within super is a valuable benefit, but it's not free. High insurance premiums can significantly erode your balance over time, especially when you are young. Ensure the level of cover is appropriate for your needs and not excessive.
- Look at the 'net benefit' provided by APRA's YourSuper comparison tool. This metric combines investment returns and fees into a single figure, making it a powerful way to compare the long-term value of different MySuper products.
Actionable Tips
- Use this tool to model a 'best case' vs 'worst case' scenario for your chosen funds by adjusting the expected investment return rates. This will help you understand the range of potential outcomes.
- Don't just compare your current fund to a new one; compare two potential new funds to each other. This helps you make an objective choice based on the data.
- When you get your annual super statement, plug the updated figures for fees, returns, and your balance into the tool to re-evaluate your choice and ensure you're still on the right track.
Real-World Examples
Industry Fund vs. Retail Fund
Someone compares a low-fee industry fund with a higher-fee retail fund. The retail fund shows slightly higher historical returns, but the calculator demonstrates that the lower fees of the industry fund result in a larger projected balance over 30 years.
The Impact of Insurance
Two funds have similar fees and returns, but Fund A has insurance premiums of $300/year, while Fund B's are $150/year. The comparison tool shows that this seemingly small difference can amount to over $15,000 in lost retirement savings over a career.
High Growth vs. Balanced Option
A young person compares a 'High Growth' option (higher expected returns, higher volatility) with a 'Balanced' option within the same fund. The tool visualizes the significantly higher potential balance of the growth option over 40 years, helping them make a decision that aligns with their long-term risk appetite.
Glossary of Terms
Asset Allocation
The mix of different asset classes (like shares, property, bonds) within an investment portfolio. This is the primary driver of a fund's risk and return profile.
Net Return
The investment return of a super fund after all fees and taxes have been deducted. This is the most important measure of a fund's performance.
MySuper
A simple, low-cost superannuation product that is the default option for employees who do not choose their own super fund. They are designed to be easy to compare.