Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Industry fund
AustralianSuper combines a conventional Balanced default with a choice of pooled investments and a Member Direct account for people who want to choose listed investments themselves.
Open to people working in Australia, subject to the product's eligibility rules. Employer arrangements can affect insurance, particularly AustralianSuper Select.
Closed public sector scheme
PSS is a closed defined benefit scheme for eligible Australian Government employees.
Existing contributors and preserved members retain scheme-specific rights. Limited re-entry rules can apply when returning to eligible employment.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | AustralianSuper 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 | 9.06% | Choose an option |
| 5-year return, per year | 6.34% | Choose an option |
| 7-year return, per year | 7.31% | Choose an option |
| 10-year return, per year | 8.27% | Choose an option |
| APRA strategic growth allocation | 73.42% | Choose an option |
| Reported total fees, net of tax, at $50,000 | $345 a year (0.69%) | Choose an option |
| Administration and advice costs, net of tax (included in total) | $85 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 | AustralianSuper | PSS |
|---|---|---|
| Membership and access | Open to people working in Australia, subject to the product's eligibility rules. Employer arrangements can affect insurance, particularly AustralianSuper Select. Sources1 | Existing contributors and preserved members retain scheme-specific rights. Limited re-entry rules can apply when returning to eligible employment. Sources12 |
| Accounts and products | Public accumulation accounts; Choice Income and TTR Income are separate products. AustralianSuper accumulation Choice Income account-based pension TTR Income Member Direct investment option Sources1234567 | Public Sector Superannuation Scheme. This is different from PSSap. PSS defined benefit Preserved benefit Eligible PSSap ancillary account Sources12 |
| Investment choices | Balanced The menu has three distinct approaches. PreMixed options put different asset classes into a single portfolio. DIY Mix lets you choose the proportions allocated to the fund's asset-class options. Member Direct provides access to eligible listed investments and term deposits within AustralianSuper, with its own costs and restrictions. Sources23 | Contributors use the default fund. Preserved members can choose Default or Cash for funded amounts. Sources12 |
| Insurance | Insurance cover can include death, total and permanent disablement and income protection. Cover and pricing depend on eligibility and work rating. Insurance is not available inside Choice Income or TTR Income accounts. Sources47 | Contributing members receive built-in death and invalidity cover, subject to scheme conditions. Sources12 |
| Retirement income | Choice Income provides retirement income, while TTR Income is for eligible people accessing part of their super before full retirement. Read the pension PDS separately because its fees and available features are not identical to an accumulation account. Sources4 | Eligible benefits may be paid as an indexed pension, a lump sum or a combination. Sources12 |
| Advice and support | Most telephone advice about an AustralianSuper account is included in the administration fee. Telephone advice about starting a pension or a transition to retirement strategy can cost extra; broader personal advice has an agreed fee. Sources4 | This detail has not been verified for this profile. Check the current product documents. |
| Fee details to check | Compare administration, investment and transaction costs for your chosen option, then add insurance and any advice or Member Direct costs. AustralianSuper has announced an accumulation administration fee change for 31 October 2026: the asset-based rate will rise from 0.10% to 0.12% a year, and its cap from $350 to $600. The $1 weekly flat fee stays unchanged. These announced terms are not yet effective on the research date. Sources45 | This detail has not been verified for this profile. Check the current product documents. |
| Comparing investment performance | Use the same investment option and end date on both sides of a comparison. AustralianSuper's crediting rates deduct investment fees, transaction costs and tax, but its treatment of the percentage administration fee changed historically. A Balanced return is not a return earned by every member. Compare Balanced with a portfolio of similar risk, not automatically with every option called Balanced. Separate the current fee schedule from the announced 31 October 2026 schedule. Sources2 | Do not rank the defined benefit using accumulation investment returns. Sources12 |
THE SUPERGURU VIEW
AustralianSuper is a useful starting point for comparing a broad-service fund. The menu accommodates people who want the fund to manage their investments and people who want more control. Size alone does not settle the choice: the announced fee change is particularly relevant at larger balances, and service history deserves attention alongside investment results.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Contribution choices and retirement timing can matter more here than a published investment return. A benefit estimate tied to your employment history is the useful starting point.
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 AustralianSuper profile · Read the full PSS 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.