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 are invested in our Balanced investment option thanks to its history of strong long term performance. 

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* 0.50% For every $50,000 you have in the superannuation product you will be charged $250 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 per year 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 $387 for the superannuation product.

 Note: Insurance premiums and additional fees and costs may apply. 

*The investment fee is for 2019/20 financial year. It’s likely to change from year to year and is different for each investment option. The fee is calculated looking back as at 30 June each year, the amount you’ll be charged in subsequent financial years will depend on the actual fees incurred in managing investments.

† 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.

Choice Income and TTR Income accounts invested in the Balanced option

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

 Example: Balanced Investment Option
Investment fees* 0.50% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $250.
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 $422*

Note: Additional fees and costs may apply.

*The investment fee is for 2019/20 financial year. It’s likely to change from year to year and is different for each investment option. The fee is calculated looking back as at 30 June each year, the amount you’ll be charged in subsequent financial years will depend on the actual fees incurred in managing investments.

If your account balance for a product is less than $6,000 at the end of the financial income 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 2019/20.

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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