AustralianSuper is committed to providing financial advisers with the information they need to support their clients.
As one of Australia’s largest industry funds, we use our strength, security and stability to deliver great retirement outcomes for our 1.8 million members.
Benefits for you clients
Whether your client is looking to save more through a transition to retirement arrangement, or stop working permanently, AustralianSuper Pension members enjoy:
- low fees
- strong, long-term investment returns
- a fund run only to benefit members, not shareholders
- a wide range of investment options
- online account access.
| Minimum opening investment |
$10,000 |
| Entry fee |
Nil |
| Administration fee |
Account-keeping fee - $1 per week, plus an Asset-based fee – 0.22% pa of account balance, capped at $1,100 pa for accounts of $500,000+ |
| Payment amount |
Subject to minimum and maximum limits |
| Payment frequency |
Fortnightly, monthly, quarterly, six-monthly or annually |
| Indexation |
CPI or whole numbers up to 5% |
| Investment management fee |
Depends on investment strategy chosen. For 2010/11, the fee for the Balanced investment option was 0.59% |
| Investment choice |
7 PreMixed and 9 DIY Mix options. Default option is the Balanced investment option |
| Switching |
Yes, weekly |
| Switching fee |
Nil |
| Account management |
Via PensionOnline and a specialist Pension Team is available to answer queries on 1300 789 932. |
| Lump sum withdrawals |
Yes, with a minimum withdrawal of $1,000 |
| Lump sum withdrawal fee |
$35 (excludes pension payments) |
| Termination fee |
Nil |
| Adviser service fee‡: This is deducted after you authorise payment to an eligible adviser for the advice you receive about your investment with AustralianSuper. |
As negotiated between you and your adviser up to the following limits:
- Initial advice: $4,659.10
- Once-off advice: $2,329.55
Deducted directly from your account after the advice has been received.
|
‡The adviser service fee shown is deducted after the savings from reduced input tax credits are taken into account. This means that the adviser service fee deducted from your account is less than the full fee that’s paid to the financial adviser.
+ An eligible financial planner must be registered with AustralianSuper and limits apply on how much can be deducted.
Try our online comparison tool that lets you compare AustralianSuper against more than 90 other pension funds. It provides a free independent report.
How to join
Your clients can join AustralianSuper Pension by completing the application in the Pension Member Guide.
Tools to help your clients