As your super grows throughout your working life, the investment options and fees within your superannuation fund become increasingly important. Micro-investing platforms (primarily Raiz) offer a super product — but whether it makes sense to use micro-investing for your super is a question worth examining carefully.
Raiz Super — How It Works
Raiz Super is a superannuation product offered by Raiz Invest, available through the same Raiz app as the standard investment product. It allows you to:
- Invest your super in the same portfolio options as the Raiz investment account
- View your super balance alongside your personal investment balance in one app
- Make voluntary contributions easily through the app interface
Raiz Super operates as a registered superannuation fund — employer SG contributions can be directed to it.
Raiz Super Fees
Raiz Super charges fees on top of the underlying portfolio expenses:
| Fee type | Amount |
|---|---|
| Administration fee | ~$3.50/month + 0.275%/year |
| Indirect costs | ETF MERs within the portfolio |
| Insurance | Optional (default cover may apply) |
Always verify current Raiz Super fees directly at raizinvest.com.au/super — fees change.
At typical Australian super balances:
| Super balance | Raiz Super cost (est.) | AustralianSuper Balanced cost (~0.59%/year total) |
|---|---|---|
| $20,000 | ~$97/year | ~$118/year |
| $50,000 | ~$180/year | ~$295/year |
| $100,000 | ~$317/year | ~$590/year |
| $200,000 | ~$592/year | ~$1,180/year |
At smaller balances, Raiz Super’s flat fee component makes it relatively competitive. At larger balances ($100,000+), AustralianSuper’s percentage-based fee grows larger than Raiz Super’s blended fee — though exact comparisons depend on specific investment options chosen.
However, industry super fund comparisons are complex and depend on insurance, investment options, and employer contributions processing. Use the ATO’s YourSuper comparison tool or MoneySmart’s Super comparison tool for current, personalised comparisons.
Should You Use Micro-Investing for Your Super?
Arguments for Raiz Super
- Simplicity and visibility: One app to see both your investments and super
- Familiar interface: If you already use Raiz for personal investing
- Voluntary contributions: Easy one-tap voluntary contributions help boost super
Arguments against Raiz Super
- Limited investment options: 8 portfolios vs the broader investment menus of major industry funds
- Smaller fund scale: Major industry funds (AustralianSuper, Aware Super, Hostplus) have hundreds of billions under management — scale benefits (negotiated asset manager fees, infrastructure access) that Raiz Super cannot match
- Insurance: Industry funds typically offer default group insurance at lower cost than retail products
- Track record: Major industry funds have longer performance track records and more regulatory oversight of their investment teams
For most Australians, large industry super funds (AustralianSuper, Hostplus, Aware Super, UniSuper) remain the most cost-effective, high-performing default choice for superannuation accumulation.
Alternative — Engage with Your Super Without Switching Funds
For Australians who want to be more engaged with their super without using Raiz Super:
- Log into your existing fund’s app/website: Most major funds have modern apps with investment option switching
- Review your investment option: Ensure your default option is appropriate for your age and risk tolerance
- Make voluntary contributions: Via BPAY or salary sacrifice directly to your existing fund
- Check the YourSuper comparison tool: ATO’s free tool compares all super funds on fees and returns
Micro-Investing for Voluntary Super Contributions
Even if you don’t use Raiz Super, you can supplement your super using a Raiz personal account:
- Build a personal investment account via Raiz
- Periodically transfer savings to voluntary super contributions (via your primary super fund)
- This gives you the automation benefit of micro-investing while keeping your main super in a top-performing industry fund
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- Raiz Review Australia
- Best Micro-Investing Apps Australia
- Superannuation Australia
- Best Super Funds Australia
- Micro-Investing hub
Frequently Asked Questions
Is Raiz Super a good superannuation fund? Raiz Super is APRA-regulated and legitimate. However, for most Australians, large industry super funds (AustralianSuper, Hostplus, Aware Super) have scale advantages, broader investment options, stronger long-term performance track records, and competitive fees at typical Australian super balances. General information only — compare using the ATO’s YourSuper tool.
Can I use Raiz for super contributions? Yes — Raiz Super accepts voluntary contributions and employer contributions. You can make one-tap voluntary contributions through the Raiz app. Employer contributions can be directed to Raiz Super by informing your employer of the fund details.
What is the YourSuper comparison tool? The ATO’s YourSuper comparison tool (ato.gov.au/yoursuper) compares all MySuper products on fees and returns. It is free, government-operated, and uses standardised assumptions — making it the most reliable starting point for comparing Australian super funds.
This article provides general financial information only. For advice tailored to your super situation, speak with a licensed financial adviser through the ASIC financial advisers register or MoneySmart. Past performance is not a reliable indicator of future performance.