HOSTPLUS vs PSSap two 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. 

HOSTPLUS is one of the largest superannuation fund in Australia by number of members, and is a not-for-profit fund with an industry membership base, largely among hospitality workers. 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. 

HOSTPLUS vs PSSap: How do fees compare?

When comparing HOSTPLUS and PSSap fees, HOSTPLUS has lower annual fees, with a 0.99% investment based fee, compared to PSSap percentage based fees of 1.15%.

HOSTPLUS vs PSSap: How does performance compare?

HOSTPLUS PSSap
Type of fund Industry super fund linked to the hospitality industry. Default super fund for most Australian Government employees and for employees of other eligible employers.
Members 1.3 million 140K
Management Not self managed, regulated by APRA. Not self managed, regulated by APRA.
Fees (Based on 50K) $603.64 $659.00
Asset Allocation (Default Fund) HOSTPLUS Balanced:
International Shares - 21%
Australian Shares - 21%
Alternatives - 32%
PSSap MySuper Balanced:
Equities - 47%
Alternatives - 19%
Fixed Interest - 18%
Performance (Default Fund) HOSTPLUS Balanced:
1 Year: 15.87%
3 Year: 10.52%
5 Year: 9.74%
PSSap MySuper Balanced:
1 Year: 18.75%
3 Year: 7.87%
5 Year: 8.31%
Review my Super Ranking Ranked 2nd by performance over the past 5 years out of 45 funds. Has not made the top 10 lists over any time frame.
Product Disclosure Statement HOSTPLUS Product Disclosure Statement PSSap Product Disclosure Statement

Looking at performance of both default funds, HOSTPLUS 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,  PSSap’s agressive option outperformed HOSTPLUS’s Shares Plus over 1 and 3 years but not over 5 years.
PSSap performed comparatively well with its conservative option, It’s income focused option outperformed HOSTPLUS’s Capital Stable option over 1, 3 and 5 years.

*Performance as at 31 January 2022.

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

Interested in seeing how HOSTPLUS and PSSap compared to other popular super 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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