Quick Verdict
LUCRF Super is cheaper at $50k ($406/yr vs $465/yr). LUCRF Super leads on 10-year returns (7.50% vs 7.20%).
Fund Overview
First Super
| Type | Industry |
| Established | 1984 |
| Trustee | First Super Pty Ltd |
| HQ State | VIC |
| Members | 50K |
| Assets (AUM) | $6B |
LUCRF Super
| Type | Industry |
| Established | 1978 |
| Trustee | AustralianSuper Pty Ltd |
| HQ State | VIC |
| Members | 140K |
| Assets (AUM) | $10B |
Fee Comparison
| Fee Component | First Super | LUCRF Super |
|---|
| Admin Fee (flat) | $85 | $91 |
| Admin Fee (%) | 0.20% | 0.10% |
| Investment Fee | 0.48% | 0.48% |
| Indirect Cost Ratio | 0.08% | 0.05% |
| Buy/Sell Spread | 0.10% | 0.10% |
Total Annual Fee by Balance
| Balance | First Super | LUCRF Super |
|---|
| $10,000 | $161 | $154 |
| $25,000 | $275 | $248 |
| $50,000 | $465 | $406 |
| $100,000 | $845 | $721 |
| $250,000 | $1,985 | $1,666 |
| $500,000 | $3,885 | $3,241 |
Performance Comparison
| Period | First Super | LUCRF Super |
|---|
| 1-Year | 10.20% | 10.50% |
| 3-Year | 7.00% | 7.20% |
| 5-Year | 7.20% | 7.00% |
| 7-Year | 7.50% | 7.50% |
| 10-Year | 7.20% | 7.50% |
| FY2024 | 8.00% | 8.00% |
| FY2023 | 9.00% | 9.50% |
| FY2022 | -3.20% | -3.50% |
| FY2021 | 18.00% | 18.50% |
| FY2020 | -0.50% | -1.00% |
| FY2019 | 7.50% | 7.50% |
| FY2018 | 9.20% | 9.20% |
| FY2017 | 11.50% | 11.50% |
| FY2016 | 3.00% | 3.50% |
| FY2015 | 9.20% | 9.50% |
Insurance Comparison
First Super
| Insurer | MetLife Insurance |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
LUCRF Super
| Insurer | TAL Life Limited |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
Annual Premium Comparison by Age
| Age | First Super | LUCRF Super |
|---|
| 25 | N/A | $145 |
| 30 | N/A | $245 |
| 35 | N/A | $400 |
| 40 | N/A | $615 |
| 45 | N/A | $960 |
| 50 | N/A | $1,480 |
| 55 | N/A | $2,200 |
| 60 | N/A | $3,100 |
APRA Heatmap Ratings
First Super
| Fee Rating | Above median |
| Return Rating | Below median |
| Sustainability | Attention |
LUCRF Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
Investment Options
First Super
| Total Options | 6 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
LUCRF Super
| Total Options | 6 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Member Services
First Super
| App Ratings | iOS 3.8 / Android 3.5 |
| Advice | Not specified |
| AFCA Complaints | 4.4 per 10k members |
| Call Centre | Not specified |
LUCRF Super
| App Ratings | iOS 4.7 / Android 4.5 |
| Advice | Via AustralianSuper |
| AFCA Complaints | 3.6 per 10k members |
| Call Centre | Not specified |
Verdict
On fees, LUCRF Super is the more affordable option. At a $50,000 balance, LUCRF Super costs $406 per year compared to $465 for First Super — a difference of $59 annually. Over a 30-year career, that difference compounds meaningfully.
Looking at long-term performance, LUCRF Super holds the edge with a 10-year return of 7.50% versus 7.20% for First Super — a gap of 0.30% per annum. While not enormous, that gap adds up over the compounding horizon of a superannuation balance.
On insurance, First Super uses MetLife Insurance while LUCRF Super is backed by TAL Life Limited. LUCRF Super charges around $615/year for a 40-year-old's default cover. On member satisfaction, LUCRF Super has fewer AFCA complaints at 3.6 per 10,000 members compared to 4.4 for the other.
First Super is best suited for construction workers, while LUCRF Super targets retail workers. The two funds also serve different industries: First Super focuses on timber, furniture, while LUCRF Super targets retail, warehouse. If your employer defaults to one of these funds, that alone may tip the decision.
Important information
The information on SuperFind is general in nature and does not take into account your personal financial situation, needs, or objectives. It is not personal financial advice. Before making any financial decisions about your superannuation, consider whether the information is appropriate for your circumstances and consider seeking advice from a licensed financial adviser. Super fund data including fees and performance returns shown on this site were current as of April 2026 — always verify figures on the fund's website. Past performance is not a reliable indicator of future performance. Data sourced from APRA, ATO, and individual fund disclosures. SuperFind is a
DecisionLab publication.