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legalsuper vs Netwealth

Compare what each fund offers, then choose investment options to put their published costs and returns side by side.

By SuperGuru Group · Research checked 11 September 2026 · Historical APRA figures to 30 June 2026

legalsuper

Industry fund

legalsuper is aimed at the legal profession and gives members both managed investment options and a direct investment facility.

Membership

Check current employer-sponsored and personal membership terms. The account category matters when comparing fees and insurance.

Netwealth

Retail platform

Netwealth Super Accelerator is a platform for building and administering a selected investment portfolio. Core and Plus have different investment menus.

Membership

Check the product's application requirements and whether a financial adviser will manage the account.

Compare fees and investment returns

Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.

APRA product data to 30 June 2026
MeasureMySuperChoose an investment option
Return basisMySuper net return after administration costs, $50,000 representative memberChoose an option
3-year return, per year10.11%Choose an option
5-year return, per year7.32%Choose an option
7-year return, per year7.53%Choose an option
10-year return, per year7.90%Choose an option
APRA strategic growth allocation77.72%Choose an option
Reported total fees, net of tax, at $50,000$470 a year (0.94%)Choose an option
Administration and advice costs, net of tax (included in total)$190 a yearChoose an option
2026 performance testPassChoose an option
New-member status at reporting dateCheck the current product eligibility rulesCheck 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.

How the products differ

legalsuper and Netwealth: product features and conditions
What to comparelegalsuperNetwealth
Membership and access

Check current employer-sponsored and personal membership terms. The account category matters when comparing fees and insurance.

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Check the product's application requirements and whether a financial adviser will manage the account.

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Accounts and products

Superannuation, pension and transition-to-retirement pension.

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Super Accelerator Core and Super Accelerator Plus, with pension account options.

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Investment choices

Members can choose managed options. Eligible accounts can also use the Direct Investment Option for ASX300 shares, selected ETFs, listed investment companies and term deposits.

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Core has a narrower menu of funds, models and income investments. Plus has broader managed-fund and listed-investment access.

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Insurance

The fund has insurance options for its membership. Compare the actual policy and occupation category, rather than treating a legal-industry label or award as proof of value.

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Personal Super members can apply for group cover or eligible individual LifeWRAP policies, including death, TPD and income protection.

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Retirement income

Pension members have a managed menu and can access direct investment subject to its rules. Transition-to-retirement pension members cannot use the Direct Investment Option.

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Pension functionality is part of Super Accelerator; available investments and cash needs should be reviewed for the drawdown period.

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Advice and support

The fund provides member information and support. Personal financial advice should have a clear scope and agreed fee; only eligible super-related advice fees may be paid from the account.

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The platform supports a nominated financial adviser, with agreed advice fees separate from investment and platform costs.

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Fee details to check

Direct investing adds its own administration and other costs to the ordinary product schedule. Include these when comparing it with a pooled option or another direct-share facility.

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Include fixed and balance-based administration charges, underlying fund or model costs, trading costs and advice. A quoted Core administration percentage excludes additional fixed or minimum fees.

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Comparing investment performance

A member who holds direct securities has a personal portfolio return. It is not meaningful to assign the MySuper return to that portfolio.

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Performance belongs to the selected investments and the member's allocation, not the Netwealth brand.

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THE SUPERGURU VIEW

Our take on legalsuper

Editorial assessment

Worth examining for legal professionals or eligible members who want more investment control and will use the direct menu.

What deserves a closer look

  • The direct facility is unavailable in transition-to-retirement pensions.
  • A broad investment menu does not remove the need to manage concentration, cash and trading costs.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

THE SUPERGURU VIEW

Our take on Netwealth

Editorial assessment

Best researched when an advised or self-selected portfolio needs the investments and reporting functions the platform provides.

What deserves a closer look

  • Do not assume a zero platform investment-fee line means the underlying investments are free.
  • An SMSF service is a different product and responsibility structure.

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Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.

Before choosing between legalsuper and Netwealth

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 legalsuper profile · Read the full Netwealth profile · Choose another comparison

Sources for legalsuper

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Investment options
  2. Fees and direct-investment restrictions
  3. Member outcomes and direct investments
  4. legalsuper

Sources for Netwealth

Checked 2026-09-11. Documents and product terms can change after this date.

  1. Compare super options
  2. Core investment range
  3. Super Accelerator PDS