Spirit Super vs AustralianSuper – These are 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. 

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.

Spirit Super was formed in 2021 by the merger of MTAA and Tasplan, Spirit Super is also a not-for-profit fund with an industry membership base. Membership is open to anyone within Australia.

Spirit Super vs AustralianSuper: How do fees compare?

When comparing AustralianSuper and Spirit Super fees, AustralianSuper has lower annual percentage based fees, with a 0.67% investment based fee, compared to Spirit Super’s percentage based fees of 0.79%. AustralianSuper has a higher flat fee of $137.80, while Spirit Super has a flat fee of $67.60.

Spirit Super vs AustralianSuper: How does performance compare?

AustralianSuper Spirit Super
Type of fund Industry super fund not linked to any specific industry. Industry Super fund with links to the motor industry and Tasmanian government employees.
Members 2.3 million 325K
Management Not self managed, regulated by APRA. Not self managed, regulated by APRA.
Default Fees (Based on 50K) $472.80 $462.60
Asset Allocation (Default option) AustralianSuper Balanced:
International Shares - 31%
Australian Shares - 21%
Alternative - 19.5%
Spirit Super Growth:
Australia Shares - 24%
International Shares - 30%
Alternatives - 15%
Performance (Default option)* AustralianSuper Balanced:
1 Year: 9.80%
3 Year: 9.08%
5 Year: 9.14%
Spirit Super Balanced:
1 Year: 10.23%
3 Year: 8.29%
5 Year: 8.02%
Product Disclosure Statement AustralianSuper Product Disclosure Statement Spirit Super Product Disclosure Statement

*Performance as at 31 January 2022.

How does AustralianSuper and Spirit 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 Spirit Super has received a rating of 63/100 for its insurance options. 

Interested in seeing how AustralianSuper and Spirit Super compared to other popular Australian funds? Review My Super provides valuable insights on the best and worst performing 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!

Speak To An Advisor

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

* all fields required
How can we help? *