Compare Super Funds for EOFY 2025: AustralianSuper vs Hostplus
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Why Compare Super Funds Before EOFY?
The end of financial year is a strategic time to review your superannuation. It's your last chance to make concessional contributions, consolidate multiple accounts, or switch to a fund with lower fees and better performance before June 30. Additionally, EOFY provides an opportunity to check if you’re maximising government co-contribution and spouse contribution benefits. By taking action now, you can ensure any changes or contributions are processed in this financial year, giving you both tax advantages and more growth potential for your retirement savings.
Key Things to Compare
When comparing super funds, focus on long-term net returns, annual fees, insurance offerings, and risk profiles. EOFY is also a good time to reassess your investment strategy or check if you’re in a default MySuper product. Don’t forget to look at fund administration fees, buy-sell spreads, and any exit or switching fees that could erode your balance. Finally, evaluate the quality and cost of any insurance cover included, since premiums can vary widely and impact your overall returns.
EOFY Tax Advantages
Super contributions before EOFY may be tax-deductible. Salary sacrificing or making voluntary contributions up to the $27,500 concessional cap can reduce your taxable income for 2024–25 while boosting your retirement savings. These additional contributions not only lower your tax bill but also compound over time within the super environment’s favorable tax structure. By planning your contributions before June 30, you take full advantage of government incentives and avoid late-year processing delays that could push your contributions into the next financial year.
Best Performing Super Funds (10-Year Returns)
Funds like AustralianSuper Balanced and Hostplus Indexed Balanced have consistently delivered strong 10-year returns. Balance Compare lets you see these results side-by-side to help you choose smarter. Reviewing decade-long performance highlights which funds have weathered market volatility and still provided reliable growth. By comparing these historical returns in a single view, you can identify funds that align with your long-term goals and risk tolerance, rather than relying on short-term snapshots.
Fees Matter More Than You Think
A 1% fee difference can reduce your final balance by tens of thousands over decades. Low-fee options like Hostplus Indexed Balanced or AustralianSuper Indexed Diversified are popular for this reason. Even small fee variations compound over time and can significantly impact your retirement nest egg. Always compare both fixed and percentage-based fees, as well as any additional costs for insurance, administration, and member services to get the true cost picture.
How to Switch Before EOFY
Use your fund’s member portal or MyGov to switch super funds. Make sure your new fund is active before rolling over money and always compare fees, insurance cover, and past returns first. Track the processing timeline—most rollovers take 1–2 weeks—and submit your request by at least June 25 to ensure completion. Keep records of confirmation emails and check both old and new accounts to verify your balance transfer has occurred in time for EOFY.
Compare Super Funds Instantly
Use Balance Compare to instantly compare top Australian super funds based on fees, 10-year returns, insurance, and risk. Save time and make an informed choice before June 30. Simply enter your age, income, current balance, and contribution plans to receive personalized projections and side-by-side fund comparisons. Our tool updates data regularly, so you always see the latest performance figures and fee schedules without manual research.
Final Thoughts
EOFY is more than just tax time—it’s an opportunity to optimise your retirement savings. Comparing your super now can lead to better outcomes in the long run. By taking action today, you can take control of your super’s fees, returns, and risk, positioning yourself for a more secure financial future. Remember to revisit your comparisons regularly to keep your strategy aligned with market changes and personal goals.