The admin fee is increasing

From 30 March 2019, the Administration fee will increase from $1.50 to $2.25 per week which is an additional $39 per year. 

For Choice Income and TTR Income members, this increase will apply to the account-keeping fee component of the administration fee. The asset-based fee component of 0.11% pa (capped at $750 pa) will remain the same.  

AustralianSuper manages costs carefully to keep fees as low as possible. For almost a decade, the administration fee hasn't changed, while costs have continued to increase. This change is about ensuring we can continue to provide you with the products, benefits and services you expect from AustralianSuper.

You don't need to do anything

The increase will apply to your account from 30 March 2019 and be reflected in your 2018-19 Annual Statement, so there’s nothing you need to do.

Where your fees go

As a profit-for-member super fund, these additional administration fees will be directed towards providing better products and services for you, not paying profits to shareholders.

Are you a Choice Income or TTR Income account member?

Find out how these changes will affect you if you’re a Choice Income or TTR Income member.

Learn more

 

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We’re still great value 

Even with this change, we remain one of the most competitive and low-cost superannuation funds in Australia.

Lowest 10% for admin & investment fees ‡

Top 10 historical long-term performance †

Profit-for-members

Striking the right balance

When considering fees and costs, it’s important to take into account investment returns, member benefits and other product offerings like insurance. Over 1, 3 and 10-year return periods, the Balanced investment option has consistently outperformed the median return of the SuperRatings SR50 Balanced (60-76) Index to 30 November 2018.

Investment returns (pa)^

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*The above returns are applicable to both super and TTR Income account products.


Here to help 

Visit australiansuper.com or give us a call on 1300 300 273 from 8am to 8pm AEST/AEDT weekdays.

 

^SuperRatings SR50 Balanced (60-76) Index to 30 November 2018. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.

† SMART Fee Report, SuperRatings, 30 November 2018. Based on average account balance of $50k invested in the Balanced investment option. Includes combined administration fees and investment fees.

‡ Top 10 performing fund for 3, 5, 7, 10, 15 and 20 years to 30 November 2018. Based on the returns of the AustralianSuper Balanced Investment option as compared in the SuperRatings Fund Crediting Rate Survey - November 2018.

See australiansuper.com/fees for full details of fees and costs.

 

 

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