YourSuper Comparison Tool: Who Qualifies and What You Get
Use this free government tool to compare your superannuation fund's fees and performance against other options to protect your retirement savings.
This tool allows you to compare the performance and fees of different superannuation funds to help you make informed decisions about your money.
Who it's for
This tool is available to anyone who has a superannuation account. Whether you are just starting your working life or are approaching retirement, if you hold a super account, you can use this resource to evaluate your current situation.
What you get
You get access to a government-verified comparison of various superannuation funds. The tool specifically looks at two critical factors: the fees charged by the funds and the financial performance of those funds. By seeing these metrics side-by-side, you can see how your current fund compares to other options available in the market.
What it costs you
Using this tool is entirely free. There are no subscription fees or service charges to access the comparison data. However, to see the specific details regarding your own personal accounts and how they compare to others, you will be required to provide your Tax File Number (TFN) to verify your identity and access your information.
The catch to know
The most important thing to keep in mind is that high fees can eat into your total retirement savings over time. Because the costs and the performance of these funds can change from year to year, you should not simply check once and forget about it. It is highly recommended that you check these details annually to ensure your money is working as effectively as possible for your future.
How to apply
- Navigate to the official government website.
- Provide your Tax File Number (TFN) so the tool can access your specific account information.
- Review the comparison data provided to see how your fund's fees and performance rank against other funds.