Super Performance

When it comes to building wealth for retirement, your superannuation isn’t something you want to “set and forget.” In fact, understanding super performance—how well your super fund is actually growing your money—can make a huge difference to your future.

So what exactly is super performance, and how can you check if your fund is up to scratch? Let’s break it down.

📊 What Is Super Performance?

Super performance refers to how effectively your super fund is investing your money to generate returns. It’s usually measured as the average annual return (after fees and taxes) over a specific period—typically 1, 3, 5 or 10 years.

High-performing super funds usually:

• Deliver strong long-term investment returns

• Charge lower fees

• Have well-diversified and actively managed portfolios

• Offer solid insurance and member services

🧠 According to APRA, funds that fail to meet the performance benchmark under the MySuper Performance Test may be required to notify members that they’ve underperformed.
Source: APRA, 2023 MySuper Performance Test Results

🔍 Why Super Performance Matters

Let’s say you have $50,000 in your super today. A 1% difference in annual performance over 30 years could mean tens of thousands of dollars more (or less) when you retire.

💡 For example, a 1% increase in net return can lead to approximately $70,000 more in retirement savings over 40 years, assuming regular contributions.
Source: ASIC Moneysmart - Compound interest calculator

Super performance affects:

• How early you can retire

• The lifestyle you can afford

• Your ability to keep up with inflation and rising living costs

📈 How to Check Your Super Performance

Want to know if your super is performing well? Here’s what to do:

1. Log into your super fund portal
   Check the returns on your chosen investment option (e.g. balanced, growth, conservative) over 5–10 years.

2. Compare it to industry benchmarks

   • APRA releases annual performance results.
     2023 Performance Test Results →

   • SuperRatings and Chant West also rank fund performance.

3. Review your fees
   High fees can erode returns over time—even if performance looks good on paper.

4. Check the risk level
   Make sure your investment option matches your age and retirement goals.

🤔 What If My Super Performance Is Poor?

If your super has been consistently underperforming, don’t ignore it. You have options:

✅ Switch investment options within your current fund
✅ Compare and potentially switch funds
✅ Speak with a licensed financial adviser to get tailored advice based on your situation

📉 As of 2023, APRA found that 20% of assessed products failed the performance test.
Source: APRA Performance Test Summary Report 2023

👋 Need Help Understanding Your Super?

We connect Aussies with licensed financial advisers who can help you:

• Understand your current super performance

• Compare it with other top-performing funds

• Get personalised advice based on your future goals

📞 Book a free initial consultation today →

📌 Final Thoughts on Super Performance

Superannuation is likely the biggest investment you’ll ever have—so it makes sense to keep a close eye on it. Great super performance today could mean greater freedom and peace of mind tomorrow.

⚠️ Disclaimer

This information is general in nature and does not take into account your personal objectives, financial situation or needs. Before making any decisions, consider whether the information is appropriate for you and seek advice from a licensed financial adviser.