Best Super Fund for Really Small Amounts of Super?

My son is now working in a job where he will tend to earn $500-600 per month, i.e. just barely about the threshold where he needs to be paid Super, and so he'll only get paid about $50 of Super per month. He's never been paid Super before.

Can anyone suggest a Super fund that is particularly good for this specific case? Clearly the most important thing is to have low annual fees because annual fees will kill what little Super he collects. It won't matter so much if the % fees are relatively high compared to other funds.


  • +2 votes

    Qsuper / cBus / Stateplus

    Have a look on Canstar or ratesetter. They have tables.

  • +2 votes

    He could consider, Professional Super / Student Super (they market under 2 names but are the same fund -he could join either, sometimes they have free stuff during oweek for Student Super if he is a uni student though)

    They have no fees for balances under $1000, and a low fees on balances up to $5000.

    They are hoping people to get people in when they are not earning much, and have some of them be lazy and just stay with the same fund - once he has a balance above $5000, it is likely there will be other funds with lower fees so it does mean he should keep track of what is in there, and compare fees with other funds at that point, and consider switching or even at the point when he reaches $1000.


    Is he working like retail or fast food? If he has an EBA he won't get a choice in Super. It's locked into REST thanks to the "campaigners" at the SDA.


      Not too sure this is true - pretty sure there is a default fund but you can nominate any other fund should you choose to.

      • +2 votes

        Not too sure this is true

        Wrong. Once upon a time I worked at Kmart. EBA locked Super into REST which is conveniently run by the SDA.

        Although the majority of Australians have the right to choose their own super fund (sometimes called fund choice), there are still around 30% of the working population that cannot select their own fund. This is usually because their super fund is selected as part of the industrial award or enterprise bargaining agreement (EBA) under which they are employed.

        In these cases, under industrial law your employer is not permitted to pay your SG contributions into any other super fund than those listed in the award agreement.

        This means employees are not eligible to nominate the super fund into which they want the SG contributions paid. Unfortunately, there is nothing you can do about it.

        • +1 vote

          The ability to opt in and out of the fund as provided within the Superannuation
          Guarantee (Administration) Act 1992 (as amended) and the applicable regulations
          shall not apply and team members employed under the terms of this Agreement are not
          eligible to elect another superannuation fund into which the team member's employer
          contributions are paid.

          Wow…what b*stards.


      He's not in retail or fast food, and so fortunately it seems he can choose his own Super fund. At least that's what his employer has told him.

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