Admin fee change FAQ

For super (accumulation) accounts, the revised admin fee will take effect from 31 October 2026. This includes:

• a $1.00 a week flat fee, which is the same as the current flat fee.
• an asset-based fee of 0.12% a year of a member’s account balance, up from 0.10% a year. This asset-based fee will be capped at $600 a year, up from $350 a year.
• Members will no longer receive the tax benefit on their admin fee.

Admin fee breakdown	Current admin fee1	admin fee effective from 31 October 20261
Flat fee PLUS	$1.00 a week, deducted from your account each month. PLUS	$1.00 a week, deducted from your account each month. PLUS
Asset-based fee	0.10% p.a. of your account balance, deducted from your account each month, capped at $350 p.a.2	0.12% p.a. of your account balance, deducted from your account each month, capped at $600 p.a.2
Admin fee tax benefit	A tax benefit of 15% of admin fees charged is applied to your account, which has the effect of reducing the admin fees charged to your account.	The admin fee tax benefit will no longer be applied to your account.

For Choice Income accounts, the revised admin fee will take effect from 1 November 2026. This includes:

• a $1.00 a week flat fee, which is the same as the current flat fee.
• an asset-based fee of 0.12% a year of a member’s account balance, up from 0.10% a year. This asset-based fee will be capped at $600 a year.

Admin fee breakdown	Current admin fee1	admin fee effective from 1 November 20261
Flat fee PLUS	$1.00 a week, deducted from your account each month. PLUS	$1.00 a week, deducted from your account each month. PLUS
Asset-based fee	0.10% p.a. of your account balance, deducted from your account each month, capped at $600 p.a.2	0.12% p.a. of your account balance, deducted from your account each month, capped at $600 p.a.2

For TTR Income accounts, the revised admin fee will take effect from 1 November 2026. This includes:

• a $1.00 a week flat fee, which is the same as the current flat fee.
• an asset-based fee of 0.12% a year of a member’s account balance, up from 0.10% a year.
• Members will no longer receive the tax benefit on their admin fee.

Admin fee breakdown	Current admin fee1	admin fee effective from 1 November 20261
Flat fee PLUS	$1.00 a week, deducted from your account each month. PLUS	$1.00 a week, deducted from your account each month. PLUS
Asset-based fee	0.10% p.a. of your account balance, deducted from your account each month, capped at $600 p.a.2	0.12% p.a. of your account balance, deducted from your account each month, capped at $600 p.a.2
Admin fee tax benefit	A tax benefit of 15% of admin fees charged is applied to your account, which has the effect of reducing the admin fees charged to your account.	The admin fee tax benefit will no longer be applied to your account.

¹ If your account balance is less than $6,000 at the end of the financial year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of your account balance. Any amount charged in excess of that cap will be refunded directly to your account.

² This is the maximum asset-based admin fee you will pay each year.

The exact fee you pay is determined by your closing account balance on:

• the last Friday of the month for super accounts; or
• the last day of the month for Choice Income and TTR Income accounts.

You can calculate your admin fee using the online calculator at australiansuper.com/FeeChange and entering your current account balance.

The admin fee changes will come into effect from:

• 31 October 2026 for super (accumulation) accounts, and
• 1 November 2026 for Choice Income and TTR Income accounts.

Super accounts

Admin fees will continue to be deducted from your super account on the last Friday of every month. You’ll see these changes in your transaction history for the first time on 27 November 2026.

Your 30 June 2026 annual statement will reflect the current admin fee, as the revised admin fee will only be effective from 31 October 2026 for super accounts.

TTR Income and Choice Income accounts

Admin fees will continue to be deducted from your TTR Income or Choice Income account on the last day of every month. You’ll see these changes in your transaction history for the first time on 30 November 2026.

Your 30 June 2026 annual statement will reflect the current admin fee, as the revised admin fee will only be effective from 1 November for Choice Income and TTR Income accounts.

View your revised admin fee

You can view your revised admin fee from the end of November by:

• logging into your account or
• checking the mobile app – download the app 

We regularly review the products and services we offer, including how much they cost you. As a profit-for-member fund, our admin fees are set to cover the costs of running the Fund, including the ongoing improvement of member products and services.

In recent times this has included:

• bringing more member-facing services in-house to improve service quality;
• providing more ways for members to get support when, where and how they need it, including improving access to advice¹ and guidance through existing and new channels;
• strengthening member account security and cybersecurity controls to help keep members’ retirement savings safe;
• continuing to fund specialist frontline service teams;
• expanding retirement guidance and advice¹ to help more members transition confidently into retirement.

We do not pay profits or dividends to shareholders – the money we make is for members.

¹ Personal advice is given by a separate legal entity, not by AustralianSuper Pty Ltd. Some personal advice may incur a fee, which will be disclosed before any work is completed. Subject to meeting eligibility criteria, fees for advice about your AustralianSuper account may be deducted from your account with your consent.

The admin fee has two parts – the flat dollar-based fee and the asset-based fee.

The asset-based admin fee is a percentage fee, deducted directly from your account on the last Friday of each month for super accounts and the last day of the month for Choice Income or TTR Income, that is applied to your account balance on that date. As your account balance changes, so too does the fee amount you pay. 

The flat dollar-based fee is a set $1 per week, deducted directly from your account on the last Friday of each month for super accounts and the last day of the month for Choice Income or TTR Income. It is based on the number of Fridays in the month and is charged to all members regardless of their account balance. 

A fee cap sets a maximum fee. There are two fee caps applied to members’ accounts.

The first fee cap is applied to the asset-based admin fee. From 31 October 2026, the asset-based admin fee cap will be $600 a year for all accounts. The annual cap is applied monthly, and pro-rated based on:

• the number of Fridays in the month (for super accounts) or
• the number of days in the month (for Choice Income and TTR Income accounts).

The second fee cap is government legislated and only applies if a member’s account balance is less than $6,000 at the end of the financial year.

The admin fee tax benefit currently applied to super accounts and TTR Income accounts each month relates to the tax deduction the Fund claims on admin expenses in the Fund’s tax return. This has the effect of reducing the admin fee members paid.

When the admin fee changes come into effect, super accounts and TTR Income accounts will no longer receive the admin fee tax benefit. This will simplify disclosures in Product Disclosure Statements and periodic statements, making fees clearer for members.

A Significant Event Notice (SEN) is being sent to all members from 11 August through to September 2026 via email or post, depending on your communications preference.

You can also view the SEN online here:

• super accounts
• TTR Income accounts
• Choice Income accounts.

A PDF of the SEN will be available by logging into your account online within 28 days of receiving the SEN via mail or post.

You will receive the Significant Event Notice (SEN) for super accounts and a cover letter about the admin fee payment arrangement with your employer. These will be sent out from 11 August through the end of September 2026 via post.

The SEN will inform you of

• the admin fee changes from 31 October 2026 for super accounts; and
• the investment fees for financial year 2025-26.

The admin fee has two parts:

• a fixed flat fee ($1 a week) which is the same for all members, and
• an asset based fee calculated as a percentage of a member’s balance.

Members may see different changes to their admin fee because the asset-based part of the fee is calculated as a percentage of their account balance and capped.

This means members with higher balances will generally see a larger dollar increase, while those with lower balances will see a smaller impact.

For members with higher account balances, a cap on the variable part of the fee provides certainty of the maximum amount of admin fees they may pay and ensures high balance members won’t pay disproportionally more.

Before making changes to our admin fees, we modelled a wide range of fee options to make sure the revised admin fee is competitive, equitable and sustainable, while complying with all regulations.

The last update to the admin fee was in 2022, when 79% of members benefited from a reduction in fees or saw their fees remain the same.

We regularly review our fees to ensure they remain competitive and reflect the cost of running the Fund. We won't increase fees for members unless we absolutely need to.