Fees & costs

We’re big on keeping fees small. Get to know how they relate to your super and what they’re made up of.

Your fees in a nutshell

As an AustralianSuper member, your total fees will be made up of a few different types of fees. If you don’t have any insurance with us, or don’t receive any paid advice, you won’t pay those fees.

* For the 2019/20 financial year, the total annual amount will be charged over a 3-month period (equal to an annualised rate of up to 0.16%) from 1 April 2020 to 30 June 2020. From 1 July 2020 the amount will be charged over an annual period, up to 0.04%.

What your fees might look like

Most people choose to invest their money in our Balanced option thanks to its strong performance and good-value fees.

Super account invested in the Balanced option

This table gives an example of how the fees and costs for the Balanced option for this superannuation product can affect your superannuation investment over a one year period. You should use this table to compare this superannuation product with other superannuation products.

Example - Balanced option

Balance of $50,000 
Investment fees*^ 0.60% For every $50,000 you have in the superannuation product you will be charged $300 each year.
PLUS administration fees^ $117 pa ($2.25 a week)

plus

up to 0.04% of your account balance
AND, you will be charged $117 in administration fees regardless of your balance 

plus

up to $20 in administration fees will be deducted from investment returns for every $50,000 you have in the superannuation product.
PLUS indirect costs for the superannuation product^ Nil  AND indirect costs of $0 each year will be deducted from your investment.
EQUALS cost of product    If your balance was $50,000, then for that year you will be charged fees of $437 for the superannuation product.

 Note: Additional fees may apply. 

*The investment fee is for the 2018/19 financial year and is likely to change from year to year.  

^ If your account balance for a product is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.

† For the 2019/20 financial year, this amount will be charged over a 3-month period between 1 April 2020 and 30 June 2020. From 1 July 2020 this amount will be charged over a one-year period.

‡The financial advice you receive will be provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd (AustralianSuper) and therefore isn’t the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

 

Choice Income account invested in the Balanced option

This table show what the annual fees might look like over a one-year period for a Choice Income account with a balance of $50,000.

 Example: Balanced Investment Option
Investment fees 0.60% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $300.
Plus administration fees $117 pa ($2.25 per week) Plus 0.11% pa of your account balance capped at $750 pa 
And you will be charged $117 in administration fees regardless of your balance, plus $55 per year. 
Plus indirect costs for the Balanced Investment option
Nil
And indirect costs of $0 each year will be deducted from your investment. 
Equals cost of product
If your balance was $50,000, then for that year you will be charged fees of $472*

*Additional fees may apply.

*From 1 July 2019, if your account balance for a product offered by AustralianSuper is less than $6,000 at the end of the Fund’s financial income year (which runs from 1 July, to 30 June the following calendar year), the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.


Fees for our PreMixed and DIY Mix options

AustralianSuper's Investment fee comprises of three components:

  1. Investment management fees
  2. Performance related fees
  3. Transactional and operational costs.

The Investment fee is calculated at 30 June each year and may change from year to year.

Here's how our overall Investment fee is broken down for each investment option for 2018/19.

Fees for our Member Direct option

If you invest in Member Direct, you’ll have additional fees (on top of the super investment fees mentioned above) for this option:

Cash Account option Term deposits option Shares & ETF
option
Fees (inc gst)
Cash account fee 0.12% pa of the balance
0.12% pa of the balance
0.12% pa of the balance
Portfolio Administration Fee (PAF) - $150 pa 
$395 pa 

If you (or your beneficiaries) redeem your term deposit(s) prior to their maturity date, penalties will apply. Our effective rate of interest will be reduced in accordance with the following discount factors. Principal reductions and other costs may also apply. See table below.

For more detail on Member Direct fees visit the Member Direct page.

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