Types of Superannuation

There are five main types of super funds in Australia:

  • Public offer funds (also known as ‘retail funds’) – are open to the public and run by financial institutions. They allow a large volume of people and/or companies to operate their super arrangements as a single group.
  • Employer or Corporate funds – are open to people working for a particular employer or company and are usually tailored to meet the requirements of the particular company and its employees. To find out more, visit our Employer Super Page.
  • Public sector funds – are provided by the Government for public sector employees.
  • Industry funds – are open to people working in a particular industry or under a particular industrial award, although some industry funds are ‘public offer’ and allow anyone to join.
  • Self-Managed Superannuation Funds (SMSFs) – allows a person to control their own super investments for their retirement whilst running their SMSF in accordance with the law and reporting to the ATO on its operation. To find out more, visit our Self-Manged Super Page.
  • Retirement Savings Account (RSA) – a super account for individuals just starting out or in casual, part-time or regularly changing employment; or for employers needing an easy default fund solution.

To discuss your Superannuation needs, click here

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