Top 10 Super Funds in Australia: High Returns Boost Aussies’ Savings

As Australians strive to secure their financial future, the spotlight shines on the top 10 super funds in Australia that have delivered remarkable returns. Recent data from SuperRatings unveils the stellar performance of superannuation funds in the country, with members reaping the benefits of a substantial $280,237 cash boost.

In the midst of economic fluctuations, the top-performing super funds have stood out, showcasing double-digit returns for the 2024 calendar year. Investments in international and Australian shares, coupled with robust property and infrastructure asset performance, have fueled these impressive results. The average balanced super fund has yielded a significant 11.1 percent return to its members, surpassing the previous year’s already strong outcome of 9.6 percent.

Leading the pack is Raiz Super’s Moderately Aggressive fund, boasting a stellar 14.7 percent return over the year. Following closely are Hostplus’ Indexed Balance option and Colonial First State’s Enhanced Index Balance option, delivering returns of 14.2 percent and 13.4 percent, respectively.

SuperRatings’ executive director, Kirby Rappell, commended the consistent positive outcomes delivered by these funds amidst market uncertainties. With most funds achieving a robust double-digit return, members can rest assured that their retirement savings are steadily growing. The long-term outlook remains promising, with a $100,000 investment in the median balanced option 15 years ago now flourishing into $280,237.

Looking ahead, Rappell cautioned that challenges may arise in 2025, emphasizing the importance of adhering to a sound long-term strategy to navigate potential market fluctuations. Diversification has proven to be a key factor in shielding members from volatility, leading to commendable long-term performance in managing retirement savings.

The top 10 balanced options over different timeframes further highlight the consistent performance of these super funds, providing Australians with a reliable avenue for wealth accumulation. With shares driving much of the returns, passive investment options have outshone actively managed counterparts, especially benefiting younger members with a higher exposure to growth assets.

In a landscape where financial security is paramount, these top super funds in Australia continue to play a pivotal role in empowering individuals to build a secure and prosperous future.