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How much better off could you be?

Whether your retirement is a long way off or just around the corner, it's important to have the right super.
One that's working hard for you.

What a difference fees can make

A small difference in fees can make a big difference in how much super you have at retirement.

See the difference in the final amount of super you could have by comparing AustralianSuper's fees against those of other retail super funds.

Person 1

Age:
25
Annual Salary:
$40,000
Super Balance:
$20,000
* Better off by:
$84,287
 
 

Person 2

Age:
35
Annual Salary:
$60,000
Super Balance:
$50,000
* Better off by:
$79,183
 
 

Person 3

Age:
45
Annual Salary:
$80,000
Super Balance:
$70,000
* Better off by:
$48,610
 
 

Find out how much better off you could be...

Like to compare more than just fees?

You can compare our investment performance and insurance products too. Check out AppleCheck^ and get your free independent super report now.

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^ Super AppleCheck is provided by independent research consultant, Chant West Financial Services. While AustralianSuper has paid Chant West a fee for making the service available to you, AustralianSuper has no influence over the research results and ratings and does not accept responsibility for any loss or damage caused by the service.

 

Assumptions

* Lifetime of difference calculator, SuperRatings, 31 December 2009. Compares AustralianSuper's fees against those of the average retail super fund.

These calculations are used to give you an idea of the impact of fees on your super. They do not take into account investment performance or your personal circumstances. The assumptions are based on a broad range of ages, salaries and starting super balances and compares AustralianSuper's fees against those of the average retail super fund.
The difference is in today's dollars. You should not rely on this information for the purposes of making a decision about your super but think about obtaining advice from a financial services licensee before making any financial decisions.

Assumptions as at 31 December 2009:
1. 3.5% pa Salary Increase
2. 9% SG Contribution
3. Investment returns assumed to be the same for both funds net of taxes but gross of fees
Retirement at age 65
Inflation rate of 2.5%
7.225% is assumed as investment return constantly to retirement. It is calculated from ASIC's FIDO model (gross of taxes and fees 8.5%) but with taxes of 15% subtracted.
No additional salary sacrifice or voluntary contributions15% contribution tax
Income is paid at the end of every year (i.e. compounded annually)
Contributions are made quarterly in arrears (i.e. the first contribution is made 3 months after joining fund)
Annual salary is deemed to be total assessable income for the purposes of Superannuation contribution surcharge calculations. Explicit costs deducted from members' accounts (e.g. member fee) is subject to a 15% tax allowance.
Fees: Any contribution fees, entry fees, exit fees, and/or additional adviser fees are excluded from the default position of this model. However, contribution fees can be modelled by operator.
All fees (asset based admin fees, investment fees and member fees) are deducted from the account at the end of each period (year)
Asset size discounts on fixed dollar member fee are used to meet the different account balance of each scenario
Asset based admin fee is also subject to different level of employer asset sizes (i.e. asset size discounts are used on each scenario, if applicable).
The employer asset size of $150,000 is accumulated at a rate of 11.6% on a yearly basis

 

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