Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Restricted public sector fund
ADF Super holds retirement savings for eligible current and former Australian Defence Force members.
Entry is tied to ADF service. Members who meet the continuous-service rules can keep contributing after leaving Defence.
Retail platform
BT offers Panorama Super and the self-directed BT Super Invest product. These are investment platforms with costs determined partly by what the member holds.
BT Super Invest is currently limited to existing Westpac customers aged at least 18 in Australia. Panorama has its own application arrangements.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | ADF MySuper | Choose an investment option |
|---|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member | Choose an option |
| 3-year return, per year | 9.65% | Choose an option |
| 5-year return, per year | 6.68% | Choose an option |
| 7-year return, per year | 6.99% | Choose an option |
| 10-year return, per year | Not reported | Choose an option |
| APRA strategic growth allocation | 69.06% | Choose an option |
| Reported total fees, net of tax, at $50,000 | $455 a year (0.91%) | Choose an option |
| Administration and advice costs, net of tax (included in total) | $75 a year | Choose an option |
| 2026 performance test | Pass | Choose an option |
| New-member status at reporting date | Check the current product eligibility rules | Check the current product eligibility rules |
Source: APRA Comprehensive Product Performance Package 2026, published 28 August 2026. Fees reflect the reporting year to 30 June 2026, are net of tax, use standard arrangements and exclude member-activity fees. Dollar figures are rounded. They are not a current quote. Check the latest PDS for changes, insurance premiums and any separately charged advice.
Returns are annualised historical results. Different return bases, risk levels and periods cannot be treated as interchangeable. MySuper net returns use a $50,000 representative balance even when you change the fee balance. A lifecycle stage return does not track a person moving between stages. Missing figures mean not reported, not zero. Past returns do not predict future returns. Read our method and APRA's definitions.
| What to compare | ADF Super | BT |
|---|---|---|
| Membership and access | Entry is tied to ADF service. Members who meet the continuous-service rules can keep contributing after leaving Defence. Sources123 | BT Super Invest is currently limited to existing Westpac customers aged at least 18 in Australia. Panorama has its own application arrangements. Sources123 |
| Accounts and products | Accumulation super for eligible Defence personnel; ADF Cover is a separate death and invalidity arrangement. ADF Super ADF Cover lifePLUS Protect after service Sources123 | Panorama Super and BT Super Invest. Sources123 |
| Investment choices | MySuper Balanced The four options are MySuper Balanced, Cash, Income Focused and Aggressive. Sources123 | Shares, ETFs, managed funds, managed portfolios and other permitted investments, depending on the selected product and menu. Sources123 |
| Insurance | Eligible serving personnel receive ADF Cover death and invalidity benefits at no extra cost. Eligible former members may obtain lifePLUS Protect, including automatic death and TPD cover or cover applied for separately. Sources123 | Check the insurance offering in the precise platform PDS; it should not be inferred from a former BT employer account. Sources123 |
| Comparing investment performance | Compare the selected investment option separately from ADF Cover and any civilian insurance premiums. Sources123 | There is no single BT platform return. Compare the selected portfolio after platform, investment, transaction and advice costs. Sources123 |
| Retirement income | This detail has not been verified for this profile. Check the current product documents. | Super and pension account types are available. Minimum transaction-account balances differ by account phase. Sources123 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | Panorama supports adviser use; Super Invest is marketed to self-directed investors. Sources123 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | Super Invest lists $540 a year plus a balance-based administration charge, then investment and transaction costs. Its quoted administration fee is not a total annual cost. Sources123 |
THE SUPERGURU VIEW
A useful comparison for Defence members starts with service status. The retirement account, serving-member cover and insurance after discharge have different rules. Treating them as one ordinary retail insurance package can obscure what changes when you leave.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Most relevant when a person has a reason to use specific investments and will use the platform's extra control.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
Use the membership rules to establish which accounts are available to you. Then compare the total price of the investment option and cover you need. A lower fee or higher historical return alone does not tell you which fund is suitable.
Ask both funds to confirm insurance acceptance, exclusions, waiting periods and whether cover would change when you leave your employer. Obtain advice before giving up a defined benefit or an insurance policy you may not be able to replace. ASIC Moneysmart explains the comparison checks.
Read the full ADF Super profile · Read the full BT profile · Choose another comparison
Checked 2026-09-11. Documents and product terms can change after this date.
Checked 2026-09-11. Documents and product terms can change after this date.