Superhero Super is a fintech-based superannuation product offered by Superhero — an Australian investment platform known for low-cost share and ETF investing. Superhero Super is designed to attract younger, cost-conscious Australians looking for a simple, low-fee super solution.
Key Facts
| Feature | Detail |
|---|---|
| Fund type | Retail (fintech) |
| Target market | Young Australians, cost-focused investors |
| Regulator | APRA-regulated |
| Interface | Mobile app / online platform |
| Website | superhero.com.au |
Fees
Superhero Super’s standout feature is its fee structure:
- Balances under $50,000: Administration capped at $5 per month ($60/year)
- Investment fees (ICR): Vary by investment option — ETF-based options are low-cost
This makes Superhero one of the cheapest super products available for lower-balance members. However, as balances grow, the fee competitiveness relative to industry funds may narrow.
Investment Options
Superhero Super offers a focused range of ETF-based investment options:
- Indexed Diversified — broad market index exposure
- Growth — higher equities allocation
- Balanced
- High Growth
Some options provide access to direct ASX shares and ETFs within super — aligning with Superhero’s core investment platform offering.
Insurance
Superhero Super offers insurance (death cover and TPD). Cover amounts may be more limited than established industry funds. Members with existing health conditions or higher cover requirements should compare carefully before switching.
APRA Performance Test
As a relatively new product, Superhero Super’s full track record for APRA testing continues to develop. Check the ATO YourSuper comparison tool for current performance data.
Who Superhero Super Suits
- Members under 40 with lower balances (under $50,000) who want low fees
- Digital-first members who use or plan to use Superhero for broader investing
- Members who want simple ETF-based super with a linked investment platform
Less suitable for: Members who want comprehensive insurance, defined benefit certainty, or a long fund track record.
Past performance is not a reliable indicator of future performance. For advice on whether Superhero Super suits your situation, speak with a licensed financial adviser via MoneySmart. For more: Spaceship Super Review, Super Fund Comparison Table.