Australia markets closed
  • ALL ORDS

    7,649.30
    -32.00 (-0.42%)
     
  • ASX 200

    7,342.60
    -27.60 (-0.37%)
     
  • AUD/USD

    0.7262
    -0.0037 (-0.51%)
     
  • OIL

    73.95
    +0.65 (+0.89%)
     
  • GOLD

    1,750.60
    +0.80 (+0.05%)
     
  • BTC-AUD

    58,988.82
    -3,134.65 (-5.05%)
     
  • CMC Crypto 200

    1,067.20
    -35.86 (-3.25%)
     
  • AUD/EUR

    0.6192
    -0.0018 (-0.30%)
     
  • AUD/NZD

    1.0344
    +0.0031 (+0.30%)
     
  • NZX 50

    13,259.55
    -46.37 (-0.35%)
     
  • NASDAQ

    15,329.68
    +13.10 (+0.09%)
     
  • FTSE

    7,051.48
    -26.87 (-0.38%)
     
  • Dow Jones

    34,798.00
    +33.18 (+0.10%)
     
  • DAX

    15,531.75
    -112.22 (-0.72%)
     
  • Hang Seng

    24,192.16
    -318.82 (-1.30%)
     
  • NIKKEI 225

    30,248.81
    +609.41 (+2.06%)
     

30s, 40s or 50s: The 3 best super funds for your age group

·3-min read
A nest egg sitting on a background of Australian money and a chart indicating life planning.
Here is how you can find out if you're in a dud super fund and which one you should switch to (Source: Getty)

Aussie super funds have been named and shamed by the Australian Prudential Regulation Authority (APRA) for underperformance.

As part of the Your Future, Your Super reforms, super funds are now required to write to their members to let them know if they’re stuck in a dud fund.

But, for those who have just found out their retirement funds aren’t being invested well, which fund should they choose?

Never fear – using the ATO’s super comparison tool here is a breakdown of the best funds for you depending on your age and average super balance.

The list excludes restricted funds, like corporate funds which are only for employees of a specific company, and has been rated in terms of investment performance.

If you’re in your 30s

Depending on whether you’re at the start of your 30s or the end, the average Aussie will have between $58,000 and $92,500 if they’re a man or $46,000 and $72,000 if they’re a woman.

If you’re a man in your early 30s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. Mercer Super Trust

If you’re a man in your late 30s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. Australian Super

In you’re a woman in your 30s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. Mercer Super Trust

If you’re in your 40s

An Aussie man between 40 and 45 years old will have an average super balance of around $135,000 and that will increase to around $182,000 between 45 and 49 years old.

An Aussie woman between 40 and 45 years old will have around $98,500 and between 45 and 49 years old that will increase to around $127,700.

If you’re a man in your 40s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. Australian Super

In you’re a woman in your 40s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. QSuper

If you’re in your 50s

From 50 to 55 the average Aussie man will have around $242,000 in their super. From 55 to 59 the average man will have around $311,000.

From 50 to 55 the average Aussie woman will have around $159,000 in their super. From 55 to 59 the average man will have around $207,000.

If you’re a man in your 50s, the top three funds are:

  1. UniSuper

  2. The Bendigo Superannuation Plan

  3. QSuper

In you’re a woman in your early 50s, the top three funds are:

  1. UniSuper

  2. QSuper

  3. The Bendigo Superannuation Plan

In you’re a woman in your late 50s, the top three funds are:

  1. QSuper

  2. UniSuper

  3. The Bendigo Superannuation Plan

Follow Yahoo Finance on Facebook, LinkedIn, Instagram and Twitter, and subscribe to the free Fully Briefed daily newsletter.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting