LUCRF Super 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.

LUCRF Super is an Industry super fund and is linked to no particular industry. It is a fund with Open membership.

LUCRF Super vs AustralianSuper: How do fees compare?

When comparing AustralianSuper and LUCRF Super, AustralianSuper has annual percentage based fees, with a 0.66% investment based fee, compared to LUCRF Super’s percentage based fees of 0.77%. AustralianSuper has a flat fee of 52, while LUCRF Super has a flat fee of 91.52.

LUCRF Super vs AustralianSuper: How does performance compare?

AustralianSuper LUCRF Super
Type of fund Industry super fund not linked to any specific industry. Industry fund linked to no particular industry.
Members 2.3 Million 126K
Default Fees (Based on 50K) $382 $476.52
Asset Allocation (MySuper option) AustralianSuper Balanced:
International Shares - 28.5%
Australian Shares - 23.5%
Alternative - 14%
LUCRF Super - MySuper Balanced :
International Shares - 29%
Australian Shares - 25%
Alternative - 22.5%
Performance (MySuper option)* AustralianSuper Balanced:
1 Year: 7.48%
3 Year: 7.42%
5 Year: 6.48%
LUCRF Super - MySuper Balanced :
1 Year: 7.27%
3 Year: 7.23%
5 Year: 7.03%
Product Disclosure Statement AustralianSuper Product Disclosure Statement LUCRF Super Product Disclosure Statement
For a more comprehensive breakdown of perfomance see our AustralianSuper Performance and LUCRF Super Performance pages.

*Performance as at 31-03-2022.

How does AustralianSuper and LUCRF 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 68, whilst LUCRF Super received a 63 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 LUCRF Super 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!

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