UniSuper vs HESTA – 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.
HESTA is an Industry super fund and is linked to The Health and Community Service industries. It is a fund with Open membership.
UniSuper is an Industry super fund and is linked to Australia's higher education and research industries. It is a fund with Open membership.
UniSuper vs HESTA: How do fees compare?
When comparing UniSuper and HESTA, UniSuper has annual percentage based fees, with a 0.48% investment based fee, compared to HESTA’s percentage based fees of 0.85% UniSuper has a flat fee of 96, while HESTA has a flat fee of 52.
UniSuper vs HESTA: How does performance compare?
| UniSuper | HESTA | |
| Type of fund | Industry fund linked to Australia's higher education and research industries. | Industry fund linked to The Health and Community Service industries. |
| Members | 498K | 880K |
| Default Fees (Based on 50K) | $336 | $477 |
| Asset Allocation (MySuper option) | UniSuper Personal - Balanced: International Shares - 33% Australian Shares - 30% Alternative - 6% |
HESTA MySuper - Balanced Growth : International Shares - 29% Australian Shares - 24% Alternative - 17% |
| Performance (MySuper option)* | UniSuper Personal - Balanced: 1 Year: 8.41% 3 Year: 6.76% 5 Year: 6.45% |
HESTA MySuper - Balanced Growth : 1 Year: 8.63% 3 Year: 8.18% 5 Year: 6.43% |
| Product Disclosure Statement | UniSuper Product Disclosure Statement | HESTA Product Disclosure Statement |
For a more comprehensive breakdown of perfomance see our UniSuper Performance and HESTA Performance pages.
*Performance as at 31-08-2023.
How does UniSuper and HESTA 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, UniSuper received an insurance rating of 69, whilst HESTA received a 64 for its insurance options.
Interested in seeing how UniSuper and HESTA compared to other popular super 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!