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.
Telstra Super is a corporate super fund for employees and former employees of Telstra.
Telstra Super vs AustralianSuper: How do fees compare?
When comparing AustralianSuper and Telstra Super, AustralianSuper has lower annual percentage based fees, with a 0.67% investment based fee, compared to Telstra Super’s percentage based fees of 0.97%. AustralianSuper has a higher flat fee of $137.80, while Telstra Super has a flat fee of $78.00.
Telstra Super vs AustralianSuper: How does performance compare?
|Type of fund||Industry super fund not linked to any specific industry.||Corporate super fund for current and former employees of Telstra.|
|Default Fees (Based on 50K)||$472.80||$563.00|
|Asset Allocation (MySuper option)||AustralianSuper Balanced:International Shares - 31% Australian Shares - 21% Alternative - 19.5%||Telstra Super Balanced Growth:International Shares - 28.00% Australian Shares - 22.00% Alternatives - 16.00%|
|Performance (MySuper option)*||AustralianSuper Balanced: 1 Year: 9.80%3 Year: 9.08%5 Year: 9.14%||Telstra Super Balanced Growth: 1 Year: 10.51%3 Year: 7.71%5 Year: 7.45%|
|Product Disclosure Statement||AustralianSuper Product Disclosure Statement||Telstra Super Product Disclosure Statement|
*Performance as at 28 February 2022.
How does AustralianSuper and Telstra 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 Telstra Super received a 59/100 for its insurance options.
Interested in seeing how AustralianSuper and Telstra Super compared to other popular 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.
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