Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Closed public sector scheme
MilitarySuper combines a member investment account with an employer benefit calculated under Defence scheme rules.
Relevant to existing and preserved MSBS members. Returning ADF personnel may have specific re-entry rights.
Retail platform
Netwealth Super Accelerator is a platform for building and administering a selected investment portfolio. Core and Plus have different investment menus.
Check the product's application requirements and whether a financial adviser will manage the account.
Choose the actual investment pathway for each account. For lifecycle products, select the named stage relevant to you. No stage is selected automatically.
The costs and returns belong to the selected product, option or lifecycle stage.
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 | MilitarySuper | Netwealth |
|---|---|---|
| Membership and access | Relevant to existing and preserved MSBS members. Returning ADF personnel may have specific re-entry rights. Sources12 | Check the product's application requirements and whether a financial adviser will manage the account. Sources123 |
| Accounts and products | Military Superannuation and Benefits Scheme (MSBS). Member benefit Employer benefit Ancillary benefit Sources12 | Super Accelerator Core and Super Accelerator Plus, with pension account options. Sources123 |
| Investment choices | Balanced for the member investment component Members can select Cash, Income Focused, Aggressive or Balanced for member and ancillary benefits. Sources12 | Core has a narrower menu of funds, models and income investments. Plus has broader managed-fund and listed-investment access. Sources123 |
| Insurance | Serving members have built-in death and invalidity benefits under scheme rules. Sources12 | Personal Super members can apply for group cover or eligible individual LifeWRAP policies, including death, TPD and income protection. Sources123 |
| Comparing investment performance | ADF Super and MilitarySuper provide different benefit structures. Sources12 | Performance belongs to the selected investments and the member's allocation, not the Netwealth brand. Sources123 |
| Retirement income | This detail has not been verified for this profile. Check the current product documents. | Pension functionality is part of Super Accelerator; available investments and cash needs should be reviewed for the drawdown period. Sources123 |
| Advice and support | This detail has not been verified for this profile. Check the current product documents. | The platform supports a nominated financial adviser, with agreed advice fees separate from investment and platform costs. Sources123 |
| Fee details to check | This detail has not been verified for this profile. Check the current product documents. | 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. Sources123 |
THE SUPERGURU VIEW
MilitarySuper needs a service-history comparison. A table of investment fees cannot capture the employer benefit or the effect of discharge and pension choices.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Best researched when an advised or self-selected portfolio needs the investments and reporting functions the platform provides.
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 MilitarySuper profile · Read the full Netwealth 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.