Quick Verdict
Spirit Super is cheaper at $50k ($428/yr vs $459/yr). both match on 10-year returns at 7.50%.
Fund Overview
Mine Super
| Type | Industry |
| Established | 1992 |
| Trustee | AUSCOAL Superannuation Pty Ltd |
| HQ State | NSW |
| Members | 60K |
| Assets (AUM) | $13B |
Spirit Super
| Type | Industry |
| Established | 2021 |
| Trustee | Spirit Super Pty Ltd |
| HQ State | TAS |
| Members | 340K |
| Assets (AUM) | $28B |
Fee Comparison
| Fee Component | Mine Super | Spirit Super |
|---|
| Admin Fee (flat) | $104 | $78 |
| Admin Fee (%) | 0.15% | 0.14% |
| Investment Fee | 0.50% | 0.50% |
| Indirect Cost Ratio | 0.06% | 0.06% |
| Buy/Sell Spread | 0.10% | 0.10% |
Total Annual Fee by Balance
| Balance | Mine Super | Spirit Super |
|---|
| $10,000 | $175 | $148 |
| $25,000 | $282 | $253 |
| $50,000 | $459 | $428 |
| $100,000 | $814 | $778 |
| $250,000 | $1,879 | $1,828 |
| $500,000 | $3,654 | $3,578 |
Performance Comparison
| Period | Mine Super | Spirit Super |
|---|
| 1-Year | 10.50% | 10.80% |
| 3-Year | 7.50% | 7.50% |
| 5-Year | 7.80% | 7.50% |
| 7-Year | 7.80% | 7.80% |
| 10-Year | 7.50% | 7.50% |
| FY2024 | 8.50% | 8.20% |
| FY2023 | 9.50% | 9.50% |
| FY2022 | -2.50% | -2.80% |
| FY2021 | 18.50% | 18.50% |
| FY2020 | -0.20% | -0.50% |
| FY2019 | 7.80% | 7.50% |
| FY2018 | 9.50% | 9.50% |
| FY2017 | 11.50% | 11.50% |
| FY2016 | 3.80% | 3.50% |
| FY2015 | 9.50% | 9.50% |
Insurance Comparison
Mine Super
| Insurer | MetLife Insurance |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out, any/own occupation |
| IP Cover | Yes — opt-in |
Spirit Super
| Insurer | TAL Life Limited |
| Death Cover | Yes — opt-out |
| TPD Cover | Yes — opt-out |
| IP Cover | Yes — opt-in |
APRA Heatmap Ratings
Mine Super
| Fee Rating | Above median |
| Return Rating | Around median |
| Sustainability | Performing |
Spirit Super
| Fee Rating | Around median |
| Return Rating | Around median |
| Sustainability | Performing |
Investment Options
Mine Super
| Total Options | 9 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Spirit Super
| Total Options | 8 |
| Ethical/ESG Option | No |
| Indexed Option | No |
| Direct Investing | No |
Member Services
Mine Super
| App Ratings | iOS 4.2 / Android 4.0 |
| Advice | Not specified |
| AFCA Complaints | 4.2 per 10k members |
| Call Centre | Not specified |
Spirit Super
| App Ratings | iOS 4.2 / Android 4.0 |
| Advice | Not specified |
| AFCA Complaints | 3.5 per 10k members |
| Call Centre | Not specified |
Verdict
On fees, Spirit Super is the more affordable option. At a $50,000 balance, Spirit Super costs $428 per year compared to $459 for Mine Super — a difference of $31 annually. Over a 30-year career, that difference compounds meaningfully.
Both funds have delivered identical 10-year returns of 7.50%, so the choice between them will come down to fees, insurance, and personal suitability rather than raw performance.
On insurance, Mine Super uses MetLife Insurance while Spirit Super is backed by TAL Life Limited. On member satisfaction, Spirit Super has fewer AFCA complaints at 3.5 per 10,000 members compared to 4.2 for the other.
Mine Super is best suited for miners energy workers, fifo workers, while Spirit Super targets construction workers, public sector workers. The two funds also serve different industries: Mine Super focuses on mining, energy, while Spirit Super targets transport, construction. 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.