AustralianSuper and GESB Super are two very popular super funds in Western Australia – 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.

GESB Super manages super savings of current and former WA public sector employees. GESB Super is open to government employees and only accepts employer contributions from WA public sector employers.

GESB Super vs AustralianSuper: How do fees compare?

When comparing AustralianSuper and GESB Super fees, AustralianSuper has lower annual percentage based fees , with a 0.67% investment based fee, compared to GESB percentage based fees of 0.69%. However, AustralianSuper has a flat fee of $117, whilst GESB Super has a flat fee of $66.

AustralianSuper vs GESB Super: How does performance compare?

AustralianSuper GESB Super
Type of fund Industry super fund not linked to any specific industry. Only open to WA Government Employees.
Members 2.3 million 240K
Management Not self managed, regulated by APRA. Not self managed, regulated by APRA.
Default Fees (Based on 50K) $452.00 AUD $411.00 AUD
Asset Allocation (Default Fund) AustralianSuper Balanced:
International Shares - 31%
Australian Shares - 21%
Infrastructure - 13.5%
My GESB Super Plan:
International Shares - 32%
Australian Shares - 27%
Investment Grade Bonds - 11%
Performance (Default Fund) AustralianSuper Balanced:
1 Year: 18.81%
3 Year: 9.27%
5 Year: 10.04%
My GESB Super Plan:
1 Year: 17.90%
3 Year: 7.12%
5 Year: 7.55%
Review my Super Ranking Ranked 3rd by performance over the past 12 months out of 45 funds. Has not made top performing funds lists.

How does AustralianSuper and GESB 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 GESB Super has received a rating of 60/100 for its insurance options. 

Interested in seeing how AustralianSuper and GESB 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!

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Review My Super can review every Super Fund in Australia and can help you understand what YOUR money is doing for YOU

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