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.

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.

These tables show what the annual fees might look like over a one-year period for both a super account and a Choice Income account with a balance of $50,000.

Super account invested in the Balanced option

 Example: MySuper Product
Investment fees 0.66% For every $50,000 you have in the MySuper product you will be charged $330 each year.
Plus administration fees $78 ($1.50 per week)   And you will be charged $78 in administration fees regardless of your balance. 
Plus indirect costs for the MySuper 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 $408 for the MySuper product.

Note: Additional fees may apply.

Choice Income account invested in the Balanced option

 Example: AustralianSuper Balanced Investment Option
Investment fees 0.66% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $330.
Plus administration fees $78 ($1.50 per week) Plus 0.11% pa of your account balance capped at $750 pa 
And you will be charged $78 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 $508*

*Additional fees may apply. If you draw a lump sum amount from your account that is additional to your regular income payments, a withdrawal fee of $35 may apply.

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 2017/18.

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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