Compare what each fund offers, then choose investment options to put their published costs and returns side by side.
Retail fund
Perpetual Select offers a focused menu of diversified and single-sector investments for super and retirement.
Personal super is offered to employees and self-employed people. The published minimum initial investment is $3,000, with separate arrangements for a savings plan.
Retail fund brand
smartMonday PRIME has an age-based default and a choice menu, plus a pension product. Its MySuper design changed in August 2026.
Employer and personal membership depend on the relevant product and plan.
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 | Perpetual Select | smartMonday |
|---|---|---|
| Membership and access | Personal super is offered to employees and self-employed people. The published minimum initial investment is $3,000, with separate arrangements for a savings plan. Sources123 | Employer and personal membership depend on the relevant product and plan. Sources123 |
| Accounts and products | Select Super Plan and Pension Plan; older term allocated pension accounts have separate restrictions. Sources123 | PRIME super and PENSION. Sources123 |
| Investment choices | The menu covers diversified, Australian-share, international-share and cash choices. The Diversified and High Growth super options closed on 23 April 2026. Sources123 | LifeStage MySuper now uses four age bands. Members can also select pre-mixed and sector options. Sources123 |
| Insurance | Optional death, disability and salary-continuance cover is available under the insurance disclosure. Sources123 | Insurance is available; advice about a member's smartMonday insurance is included without a separate advice charge. Sources123 |
| Retirement income | Account-based and transition-to-retirement pension arrangements are available; the term allocated pension is closed to new investors. Sources123 | A pension account is available under separate disclosure. Sources123 |
| Advice and support | Members can select options themselves or seek advice. A manager's diversified option still needs to match the member's risk tolerance. Sources123 | smartCoach provides account-related advice. Check the scope before seeking broader planning. Sources123 |
| Fee details to check | Read the June 2026 PDS with the additional fees-and-costs information. Investment charges, spreads, administration, insurance and advice may all apply. Sources123 | From 14 August 2026, the standard annual administration charge fell to $67.60 plus 0.16% of balance, with a $1,000 cap on that percentage component. Investment costs rose for most options; employer terms may differ. Sources123 |
| Comparing investment performance | Check the option's current underlying fund and investment arrangements before treating a long historical return as an unchanged strategy. Sources123 | Do not compare the new LifeStage strategy as though its allocation has remained unchanged throughout the historical LifeCycle record. Sources123 |
THE SUPERGURU VIEW
May suit someone who wants managed diversification or selected sector exposure from the Select range.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE SUPERGURU VIEW
Worth comparing for members who prefer an age-based investment strategy or have a negotiated employer plan.
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 Perpetual Select profile · Read the full smartMonday 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.