Australian Super and PSSap are two of the most popular super funds in 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. 

Australian Super 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. PSSap is a comparatively smaller fund in membership. This is because it’s open only to those working within the Australian public sector, or for other eligible employers. The Commonwealth Superannuation Corporation is the trustee of PSSap. 

Australian Super vs PSSap: How do fees compare?

When comparing Australian Super and PSSap fees, Australian Super has lower annual fees , with a 0.67% investment based fee, compared to PSSap percentage based fees of 1.15%.

Australian Super vs PSSap: How does performance compare?

Australian Super PSSap
Type of fund Industry super fund not linked to any specific industry. Default super fund for most Australian Government employees and for employees of other eligible employers.
Members 2.3 million 140K
Management Not self managed, regulated by APRA. Not self managed, regulated by APRA.
Fees (Based on 50K) $452.00 AUD $659.00 AUD
Asset Allocation (Default Fund) Australian Super Balanced:
International Shares - 31%
Australian Shares - 21%
Infrastructure - 13.5%
PSSap MySuper Balanced:
Equities - 47%
Alternatives - 19%
Fixed Interest - 18%
Performance (Default Fund) Australian Super Balanced:
1 Year: 18.81%
3 Year: 9.27%
5 Year: 10.04%
PSSap MySuper Balanced:
1 Year: 18.75%
3 Year: 7.87%
5 Year: 8.31%
Review my Super Ranking Ranked 3rd by performance over the past 12 months out of 45 funds. Has not made top performing funds lists.

Looking at performance of both default funds, Australian Super has delivered higher returns over short, medium, and long-term scenarios. However, PSSap’s high growth fund and conservative investment options still outperformed the median against Chant West’s median performance. 

In terms of high growth investment option returns,  Australian Super outperforms PSSap in all years bar the 3rd, where PSSap outperforms Australian super at 10.75% to 11.08%. While Australian Super performs better when comparing medium and aggressive funds, PSSap performed comparatively well with its conservative fund which is slightly better than the Australian super conservative option. 

How do Australian super vs PSSap 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, Australian super received an insurance rating of 66/100, whilst PSSap has not received a rating for its insurance options. 

Interested in seeing how Australian Super and PSSap 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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