Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Industry fund
HESTA is open to everyone, with roots in health and community services. Its default insurance design is a particularly useful point of difference to investigate.
Anyone can join subject to product eligibility. Check whether the relevant product is HESTA Super, Personal Super or an employer-specific arrangement.
Transferred legacy fund
Super Retirement Fund members moved to National Mutual Retirement Fund on 1 July 2026. The older name still appears in statements and historical data.
This is a former fund arrangement. Continuing contributions now use the receiving fund's details and the correct product USI. Registration of the old entity does not mean members can remain in it.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
| Measure | HESTA 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 | 9.26% | Choose an option |
| 5-year return, per year | 6.91% | Choose an option |
| 7-year return, per year | 7.47% | Choose an option |
| 10-year return, per year | 8.03% | Choose an option |
| APRA strategic growth allocation | 74.25% | Choose an option |
| Reported total fees, net of tax, at $50,000 | $405 a year (0.81%) | Choose an option |
| Administration and advice costs, net of tax (included in total) | $145 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 | HESTA | Super Retirement Fund |
|---|---|---|
| Membership and access | Anyone can join subject to product eligibility. Check whether the relevant product is HESTA Super, Personal Super or an employer-specific arrangement. Sources15 | This is a former fund arrangement. Continuing contributions now use the receiving fund's details and the correct product USI. Registration of the old entity does not mean members can remain in it. Sources123 |
| Accounts and products | HESTA Super and Personal Super; Corporate insurance arrangements need their own guide. HESTA Super HESTA Personal Super Retirement Income Stream Transition to Retirement Income Stream Sources7 | Historical Super Retirement Fund accounts. Members transferred to a dedicated section of National Mutual Retirement Fund immediately after 30 June 2026. Personal Super and SuperSelect PensionSelect SuperWise and SuperLink SuperCARE and Retirement Saver Select Personal Super and pension policies Whole-of-life and endowment super policies Sources123 |
| Investment choices | Balanced Growth Balanced Growth is the MySuper default. Members can choose other ready-made or asset-class options. The menu includes Sustainable Growth and Indexed Balanced Growth; the Income Stream has its own investment range and disclosure document. Sources23 | Investment choices and policy benefits were tied to the individual contract. A June 2026 option return remains historical information about that option; it does not describe all transferred accounts. Sources123 |
| Insurance | Eligible members receive default death and income protection cover; TPD cover is optional. HESTA also describes an insurance-premium pause for up to 12 months of approved parental leave, subject to conditions. Personal Super members need to check how cover is selected when joining. Sources45 | Insurance held in an account at the transfer date moved with it. Members should use the current policy records when checking cover or making a claim. Sources123 |
| Retirement income | HESTA offers Retirement and Transition to Retirement Income Streams. The fund publishes a separate pension investment menu, so check the income-stream allocation and costs rather than assuming they are identical to the super option with a similar name. Sources3 | Existing pension payments continue through the receiving fund under their agreed schedules. The transfer itself is different from voluntarily cashing out or surrendering a policy. Sources123 |
| Advice and support | Most advice about a HESTA account is covered by administration fees. Advice tailored to starting an Income Stream has a separate fee, and comprehensive advice can be provided through an external referral on an agreed fee-for-service basis. Sources6 | This detail has not been verified for this profile. Check the current product documents. |
| Fee details to check | Add administration, investment and transaction costs for the selected option and the insurance you actually hold. HESTA's current fee page uses costs for the year ended 30 June 2026, including estimates, and warns that future costs can differ. Sources6 | This detail has not been verified for this profile. Check the current product documents. |
| Comparing investment performance | Use HESTA Super returns for a super comparison and Income Stream returns for a retirement comparison. Match Balanced Growth's asset mix with the competing option rather than using the word Balanced alone. Sustainable and indexed strategies need their own results. List HESTA's default insurance types explicitly. Treat Sustainable Growth as a specific investment option, not a description of every HESTA investment. Sources7 | Keep June 2026 historical data under its original fund identity and link members to National Mutual Retirement Fund for current account context. Do not offer Super Retirement Fund as a fund to join. Sources123 |
THE SUPERGURU VIEW
HESTA merits a closer look for someone whose working life includes caring roles, part-time work or parental leave. Its default income protection and optional TPD structure makes a generic insurance tick-box misleading. Read the benefit definitions and waiting periods, and compare the cover you need rather than simply counting how many insurance types a fund advertises.
Sources4
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
The most useful job of this page is to connect an old statement to the current account. Check the receiving fund and product identifiers first. Then assess fees, investments and policy benefits using documents for the transferred section.
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 HESTA profile · Read the full Super Retirement Fund 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.