What is a good fee for a super fund?

Across MySuper products the median total fee sits around 1% of your balance a year, though it varies with balance because part of the fee is usually a flat dollar amount. Anything materially above the median deserves a reason — a fund charging half a percent more than the median on a $100,000 balance is taking an extra $500 a year from you, every year.

What happens if my super fund fails the performance test?

APRA tests MySuper products annually. A fund that fails must write to its members telling them so. If it fails twice in a row it cannot accept new members until it passes again. A single fail is not automatically a reason to leave, but it is a reason to look closely at fees and long-run returns before deciding to stay.

Does this compare my actual investment option?

No. It compares MySuper products, which is the default option your employer contributes to unless you've actively chosen something else. If you've switched into a choice option — a high-growth, indexed or ethical option, for instance — your fees and returns will differ from the MySuper figures shown here.

Should I switch super funds if mine is expensive?

That's a decision only you can make, and this tool is information rather than advice. Fees are one input; insurance cover inside your current fund, your investment option and your own circumstances all matter and none of them appear in this comparison. What the health check does is tell you whether the question is worth asking, and roughly what the answer is worth in dollars.

Where does this data come from?

APRA's MySuper Comprehensive Product Performance Package, the regulator's own annual publication covering every MySuper product. It is licensed CC BY, and this tool is not endorsed by APRA.

Super Fund Health Check

Check your super fund against every other MySuper product on fees, returns and APRA's annual performance test

Most people never find out whether their super fund is expensive. Pick your fund below and this health check compares its total fees at your actual balance against the MySuper median, sets its five-year return beside the median, shows whether it passed APRA's performance test, and works out what any fee gap costs you by retirement.

Your super

Your MySuper product

52 MySuper products from APRA's 2025 publication, including lifecycle products matched to your age.

Current balance ($)

Your age

Yearly contributions ($)

Assumed gross return (%)

Before fees. The default of 7% sits near ASIC Moneysmart's Balanced profile once the median MySuper fee comes out. Both funds are projected at the same return, so this changes the scale of the comparison, not its direction.

Pick your fund to run the health check

We compare its fees, returns and performance-test result against every other MySuper product.

Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.

About this calculator

This calculator exists to show you the arithmetic. It applies published Australian rates, thresholds and formulas to the numbers you enter and shows the working, so you can check it. That is all it does — it produces a number and describes what the number is. It does not recommend anything and it holds no opinion about any financial product.

What can move this result

It only knows the figures you type in. Offsets, deductions, prior-year losses, other income, your partner's position and anything you have not entered are not in the result, and any of them can move it a long way.
Rates and thresholds change, sometimes mid-year and occasionally with retrospective effect. Each calculator shows the financial year and the verification date it is working from — outside that year the result is wrong rather than approximate.
Assumptions are set to a reasonable default and every non-statutory one can be changed. Defaults are not predictions, and a small change to a growth or inflation assumption compounds into a large change in a long projection.
Where a result reaches two or more years into the future it is shown in today's dollars as well as future dollars, because a future-dollar figure overstates what the money will actually buy.
It is a generic calculator. It is not built around any particular product, it does not compare the market, and it cannot tell you whether a product is suitable for you.

This calculator is not intended to be relied on for the purposes of making a decision in relation to a financial product. Before you make a financial decision, consider obtaining advice from someone who holds an Australian Financial Services Licence. We do not, and we cannot advise you.

Fees, returns and performance-test results are sourced from APRA's MySuper Comprehensive Product Performance Package (2025), licensed CC BY. This tool is not endorsed by APRA. Lifecycle products publish their fees and returns per age band rather than per product, so both your fund and the median it's compared against are read at the band applying to your age. Comparing funds is information, not financial advice — your insurance cover, investment option and personal circumstances matter too, and none of them are in this comparison. Retirement age is assumed to be 67.

How to Use This Calculator

1Search for your super fund and pick your MySuper product
2Enter your current balance and age
3Add your yearly contributions if you want the projection to be realistic
4Read the fee, return and performance-test comparison
5See what the fee gap costs you by age 67

What is a super fund health check?

It's a like-for-like comparison of your MySuper product against every other MySuper product in Australia, using APRA's own published data. MySuper is the default super product your employer pays into unless you've chosen something else, and APRA publishes fees, returns and an annual performance-test result for each one.

Fees matter more than most people expect. A difference of half a percent a year sounds trivial, but compounded across a working life it routinely costs tens of thousands of dollars — which is why this tool converts the percentage gap into what it actually costs you by retirement.

What the health check looks at

Total fees at your balance: APRA publishes fees at five representative balances. Percentage fees fall as balances grow, so we read the fee at your actual balance rather than quoting a headline number that may not apply to you.
Five-year net return: Net investment return after investment costs, set against the median across all single-strategy MySuper products.
APRA performance test: The annual test APRA applies to MySuper products. Funds that fail must write to members, and a product that fails twice cannot accept new ones.
The compounding cost: The fee gap projected to age 67 at a constant assumed return, so the only variable between the two lines is what you're being charged.

Before you switch anything

•Check what insurance you hold inside your current fund — switching can end cover you would struggle to replace, particularly if your health has changed
•A low fee on a product that keeps failing the performance test is not a bargain
•Compare like with like: this tool covers MySuper products, not choice investment options or SMSFs
•Consolidating multiple accounts usually saves more than switching funds, because you stop paying duplicate fixed fees

Frequently Asked Questions

Official Sources

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Super Fund Health Check

Check your super fund against every other MySuper product on fees, returns and APRA's annual performance test

About this calculator

What can move this result

It only knows the figures you type in. Offsets, deductions, prior-year losses, other income, your partner's position and anything you have not entered are not in the result, and any of them can move it a long way.
Rates and thresholds change, sometimes mid-year and occasionally with retrospective effect. Each calculator shows the financial year and the verification date it is working from — outside that year the result is wrong rather than approximate.
Assumptions are set to a reasonable default and every non-statutory one can be changed. Defaults are not predictions, and a small change to a growth or inflation assumption compounds into a large change in a long projection.
Where a result reaches two or more years into the future it is shown in today's dollars as well as future dollars, because a future-dollar figure overstates what the money will actually buy.
It is a generic calculator. It is not built around any particular product, it does not compare the market, and it cannot tell you whether a product is suitable for you.