The survey of 4,000 members, showed that the least informed were young Australians (18-24), with 24% not knowing what options their super was invested in. 

The survey also showed that 52% of all Aussies don't know how much they are paying in fees to their current fund. 

Superhero co-founder and CEO John Winters said that while all customers want growth, many aren't actively checking where their money is going.

“It’s shocking to think that so many don’t know what their super is being invested in.”

"While retirement is thought of as something down the track for many, understanding how super works and how Aussies can set themselves up for a successful retirement should be considered a priority from when they enter the workforce,” he said. 

Where Aussies want to invest their super

The research also showed the assets in which Superhero customers would most like to invest their superannuation.

Nearly three quarters (73%) of 18-34 year olds and 66% of 35 to 44 year olds want their super invested in ASX ETF's. 

"We’ve learnt that our customers want increased control and flexibility when it comes to how their superannuation is invested," Mr Winters said. 

"ETFs themselves are a great way to have multiple bites of the cherry when it comes to investing as they’re made up of several different assets."

Additionally, over two-thirds (69%) of customers aged 45 and over would prefer to invest their super in ASX shares. 

The data also found that younger Australians are more likely to want to invest their super in cryptocurrencies with nearly 28% of Superhero customers between 25 and 34 interested in doing so compared with just 15% of Superhero customers aged 55+.

"Crypto is an interesting one too – it’s obviously a newer form of investment and younger Aussies clearly see the potential.”

Super_assets (1) (1).png

Source: Superhero 

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Rates
Features
Fees
Other
Lender
VariableN/AMore details
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  • Available for purchase or refinance
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loans.com.au – SMSF 70

  • Minimum 30% deposit needed to qualify
  • Available for purchase or refinance
  • No application, ongoing monthly or annual fees.
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Disclosure
VariableN/AMore details
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  • Residential & Commercial
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WLTH – Ocean SMSF 60 P&I ($50k - $2m)

  • Offset facility
  • EASY Refinance with minimal documentation
  • Residential & Commercial
  • Australia’s first certified Impact Lender
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VariableMore details
Disclosure

Firstmac – SMSF 70

    More details
    Disclosure
    VariableMore details

    Liberty Financial – Residential SMSF (LVR <80%)

      More details
      VariableMore details
      Disclosure

      Firstmac – SMSF 80

        More details
        Disclosure
        VariableMore details

        La Trobe Financial – SMSF Residential

          More details
          VariableMore details
          • Minimum 20% deposit needed to qualify
          • Available for purchase or refinance
          • No application, ongoing monthly or annual fees.
          • Dedicated SMSF loan specialist throughout the loan application
          Disclosure

          loans.com.au – SMSF 80

          • Minimum 20% deposit needed to qualify
          • Available for purchase or refinance
          • No application, ongoing monthly or annual fees.
          • Dedicated SMSF loan specialist throughout the loan application
          More details
          Disclosure
          • Minimum 30% deposit needed to qualify
          • Available for purchase or refinance
          • No application, ongoing monthly or annual fees.
          • Dedicated loan specialist throughout the loan application

          More details
          Important Information and Comparison Rate Warning

          Base criteria of: a $400,000 loan amount, variable, fixed, principal and interest (P&I) home loans with an LVR (loan-to-value) ratio of at least 80%. However, the ‘Compare Home Loans’ table allows for calculations to be made on variables as selected and input by the user. Some products will be marked as promoted, featured or sponsored and may appear prominently in the tables regardless of their attributes. All products will list the LVR with the product and rate which are clearly published on the product provider’s website. Monthly repayments, once the base criteria are altered by the user, will be based on the selected products’ advertised rates and determined by the loan amount, repayment type, loan term and LVR as input by the user/you. *The Comparison rate is based on a $150,000 loan over 25 years. Warning: this comparison rate is true only for this example and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Rates correct as of November 23, 2024. View disclaimer.

          Important Information and Comparison Rate Warning

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