Industry fund
First Super
First Super has a compact investment menu and offers super, transition-to-retirement and retirement income accounts. Members can get help with their investment choice without a separate advice charge.
THE OVERVIEW
About First Super
First Super operates as an industry fund that returns profits to members. Its five-option menu gives the fund a more straightforward product structure than a large investment platform.
Who can join
The fund accepts new members through its public joining process. Read the relevant PDS and target market determination before opening an account.
THE SUPERGURU VIEW
Our take
A useful shortlist candidate for someone who wants to choose among a small number of diversified strategies rather than manage individual securities.
Based on the cited product features. These are general reasons to investigate the fund, not a personal recommendation. Supporting sources.
THE NUMBERS
Fees and investment returns
Use the product, investment option and employer plan on your statement. Lifecycle members need to choose the relevant stage. APRA's investment pathways may include closed options held by existing members.
| Measure | Balanced - accumulation |
|---|---|
| Return basis | MySuper net return after administration costs, $50,000 representative member |
| 3-year return, per year | 8.35% |
| 5-year return, per year | 6.94% |
| 7-year return, per year | 6.62% |
| 10-year return, per year | 7.25% |
| APRA strategic growth allocation | 79.50% |
| Reported total fees, net of tax, at $50,000 | $560 a year (1.12%) |
| Administration and advice costs, net of tax (included in total) | $175 a year |
| 2026 performance test | Pass |
| New-member status at reporting date | 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.
A CLOSER LOOK
Inside First Super
Accounts and products
Accumulation super, transition-to-retirement account and Retirement Income account.
Investment choices
Balanced is the MySuper default. The other options are Conservative Balanced, Growth, Shares Plus and Cash. Members can split their balance across options.
Insurance
Insurance through super is available. Check the current insurance guide for the cover offered to your membership category and the cost at your age.
Retirement income
A Retirement Income account allows a choice of investment mix and payment frequency. Pension payments can be fortnightly, monthly, quarterly, half-yearly or yearly, subject to the required annual minimum.
Advice and support
The fund says advice about its investment options is available to members at no extra cost. A wider advice request needs a separate scope and cost check.
Fee details to check
The current fees page gives a $50,000 Balanced example of $465.80 a year, including administration, investment and transaction costs, before any additional applicable fees. This is an example for that option and balance, not a universal member bill.
Comparing investment performance
Compare Balanced with portfolios carrying a similar growth allocation, over the same dates. Shares Plus and Cash have different risk profiles and should not be ranked as though they pursue the same outcome.
Features worth considering
A short menu that is easy to understand.
Flexible pension payment timing and investment-choice support.
THE LEGAL FUND
Fund size in APRA's annual reporting
First Super
At 30 June 2025. These are legal-fund totals, which can include several products and more than one account per person.
APRA annual fund-level statistics, June 2025. These older totals can differ substantially after mergers. Size is not a measure of suitability or investment quality.
Sources for First Super
Checked 2026-09-11. Documents and product terms can change after this date.