Quick Verdict
UniSuper is cheaper at $50k ($280/yr vs $406/yr). UniSuper leads on 10-year returns (8.50% vs 7.50%).
Fund Overview
LUCRF Super
| Type | Industry |
| Established | 1978 |
| Trustee | AustralianSuper Pty Ltd |
| HQ State | VIC |
| Members | 140K |
| Assets (AUM) | $10B |
UniSuper
| Type | Industry |
| Established | 2000 |
| Trustee | UniSuper Limited |
| HQ State | VIC |
| Members | 650K |
| Assets (AUM) | $130B |
Fee Comparison
| Fee Component | LUCRF Super | UniSuper |
|---|
| Admin Fee (flat) | $91 | $60 |
| Admin Fee (%) | 0.10% | 0.04% |
| Investment Fee | 0.48% | 0.36% |
| Indirect Cost Ratio | 0.05% | 0.04% |
| Buy/Sell Spread | 0.10% | 0.09% |
Total Annual Fee by Balance
| Balance | LUCRF Super | UniSuper |
|---|
| $10,000 | $154 | $104 |
| $25,000 | $248 | $170 |
| $50,000 | $406 | $280 |
| $100,000 | $721 | $500 |
| $250,000 | $1,666 | $1,160 |
| $500,000 | $3,241 | $2,260 |
Performance Comparison
| Period | LUCRF Super | UniSuper |
|---|
| 1-Year | 10.50% | 12.00% |
| 3-Year | 7.20% | 8.30% |
| 5-Year | 7.00% | 8.50% |
| 7-Year | 7.50% | 8.60% |
| 10-Year | 7.50% | 8.50% |
| FY2024 | 8.00% | 9.20% |
| FY2023 | 9.50% | 10.80% |
| FY2022 | -3.50% | -3.00% |
| FY2021 | 18.50% | 21.20% |
| FY2020 | -1.00% | -0.80% |
| FY2019 | 7.50% | 8.80% |
| FY2018 | 9.20% | 10.80% |
| FY2017 | 11.50% | 12.90% |
| FY2016 | 3.50% | 4.50% |
| FY2015 | 9.50% | 10.80% |
Insurance Comparison
LUCRF Super
| Insurer | TAL Life Limited |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
UniSuper
| Insurer | AIA Australia |
| Death Cover | Yes — unitised, opt-out |
| TPD Cover | Yes — unitised, opt-out |
| IP Cover | Yes — opt-in, 75% of salary |
Annual Premium Comparison by Age
| Age | LUCRF Super | UniSuper |
|---|
| 25 | $145 | $120 |
| 30 | $245 | $205 |
| 35 | $400 | $350 |
| 40 | $615 | $540 |
| 45 | $960 | $850 |
| 50 | $1,480 | $1,320 |
| 55 | $2,200 | $1,950 |
| 60 | $3,100 | $2,800 |
APRA Heatmap Ratings
LUCRF Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
UniSuper
| Fee Rating | Below median |
| Return Rating | Above median |
| Sustainability | Performing |
Investment Options
LUCRF Super
| Total Options | 6 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
UniSuper
| Total Options | 16 |
| Ethical/ESG Option | Yes |
| Indexed Option | No |
| Direct Investing | No |
Member Services
LUCRF Super
| App Ratings | iOS 4.7 / Android 4.5 |
| Advice | Via AustralianSuper |
| AFCA Complaints | 3.6 per 10k members |
| Call Centre | Not specified |
UniSuper
| App Ratings | iOS 4.7 / Android 4.5 |
| Advice | Included personal advice; comprehensive fee-for-service; campus consultants |
| AFCA Complaints | 3.2 per 10k members |
| Call Centre | 8am-8pm AEST Mon-Fri |
Verdict
On fees, UniSuper is the more affordable option. At a $50,000 balance, UniSuper costs $280 per year compared to $406 for LUCRF Super — a difference of $126 annually. That is a substantial gap that will compound significantly over decades.
Looking at long-term performance, UniSuper holds the edge with a 10-year return of 8.50% versus 7.50% for LUCRF Super — a gap of 1.00% per annum. That performance spread is significant and would result in tens of thousands of dollars difference over a working life.
On insurance, LUCRF Super uses TAL Life Limited while UniSuper is backed by AIA Australia. For a 40-year-old, UniSuper's default premiums of around $540/year undercut LUCRF Super's $615/year, giving UniSuper the edge on insurance costs. On member satisfaction, UniSuper has fewer AFCA complaints at 3.2 per 10,000 members compared to 3.6 for the other.
LUCRF Super is best suited for retail workers, while UniSuper targets it professionals, education workers. Scale is a factor here: UniSuper manages $130B with 650K members, significantly larger than LUCRF Super's $10B. That scale advantage means better bargaining power on fees and deal access.
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.