BT Super for Life vs AustralianSuper – These are two well known super funds – but do you know how they differ, or which could be the better fit for you? To make it easy, we’ve compared the key features of both funds side by side.
AustralianSuper is the largest superannuation fund in Australia, and is a not-for-profit fund with an industry membership base. Membership is open to anyone within Australia.
BT Super for Life is an Retail super fund and is linked to no particular industry. It is a fund with Open membership.
BT Super for Life vs AustralianSuper: How do fees compare?
When comparing AustralianSuper and BT Super for Life, AustralianSuper has annual percentage based fees, with a 0.66% investment based fee, compared to BT Super for Life’s percentage based fees of 1.66%. AustralianSuper has a flat fee of 52, while BT Super for Life has a flat fee of 55.92.
BT Super for Life vs AustralianSuper: How does performance compare?
| AustralianSuper | BT Super for Life | |
| Type of fund | Industry super fund not linked to any specific industry. | Retail fund linked to no particular industry. |
| Members | 2.3 Million | 570K |
| Default Fees (Based on 50K) | $382 | $885.92 |
| Asset Allocation (MySuper option) | AustralianSuper Balanced: International Shares - 28.5% Australian Shares - 23.5% Alternative - 14% |
BT Super for Life - Active Balanced : International Shares - 36% Australian Shares - 26% Alternative - 3% |
| Performance (MySuper option)* | AustralianSuper Balanced: 1 Year: 7.48% 3 Year: 7.42% 5 Year: 6.48% |
BT Super for Life - Active Balanced : 1 Year: 0% 3 Year: 0% 5 Year: 0% |
| Product Disclosure Statement | AustralianSuper Product Disclosure Statement | BT Super for Life Product Disclosure Statement |
For a more comprehensive breakdown of perfomance see our AustralianSuper Performance and BT Super for Life Performance pages.
*Performance as at 31-12-2022.
How does AustralianSuper and BT Super for Life insurance compare?
Insurance is also an important factor to consider when looking at superannuation options, as some funds may also provide insurance cover – such as life cover and TPD insurance. Insurance fees will affect super balance, so ensuring you’re happy with the deal you have is vital. Based on ratings from Omnilife, AustralianSuper received an insurance rating of 68, whilst BT Super for Life received a 66 for its insurance options. You can get quotes for insurance that can be funded through your super and apply for the best rated cover for you. This approach will in most cases provide a better outcome than the default insurance cover provided by super funds.
Interested in seeing how AustralianSuper and BT Super for Life compared to other popular Australian funds? Review My Super provides valuable insights on the best and worst performing super funds. Check out our guide on changing super funds, so that you can make informed decisions on where you invest your money.
Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU!