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.
CBUS Super is an Industry fund that predominantly caters to workers in the construction industry and is also one of Australia’s largest superannuation funds.
CBUS Super vs AustralianSuper: How do fees compare?
When comparing AustralianSuper and CBUS Super fees, AustralianSuper has lower annual percentage based fees , with a 0.67% investment based fee, compared to CBUS percentage based fees of 0.75%. However, AustralianSuper has a flat fee of $117, whilst CBUS Super has a flat fee of $104.
AustralianSuper vs CBUS Super: How does performance compare?
|Type of fund||Industry super fund not linked to any specific industry.||Industry super fund linked to the construction industry|
|Management||Not self managed, regulated by APRA.||Not self managed, regulated by APRA.|
|Default Fees (Based on 50K)||$452.00 AUD||$479.00 AUD|
|Asset Allocation (Default Fund)||AustralianSuper Balanced:International Shares - 31% Australian Shares - 21% Infrastructure - 13.5%||CBUS Super Growth (MySuper):Global Shares - 24% Australian Shares - 20.5% Infrastructure - 13%|
|Performance (Default Fund)||AustralianSuper Balanced: 1 Year: 18.81%3 Year: 9.27%5 Year: 10.04%||CBUS Super Growth (MySuper): 1 Year: 17.77%3 Year: 8.63%5 Year: 9.35%|
|Review my Super Ranking||Ranked 3rd by performance over the past 12 months out of 45 funds.||Ranked 7th over 3 years and 6th over 5 years.|
How does AustralianSuper and CBUS Super 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 66/100, whilst CBUS Super has received a rating of 62/100 for its insurance options.
Interested in seeing how AustralianSuper and CBUS Super compared to other popular Australian funds? Review My Super provides valuable insights on the best and worst performing Australian 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!