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.
-
Administration fee
If you have a super account you’ll pay $1.50 per week to us to cover our administration costs. Administration fees are paid into the administration reserve and we pay our administration costs from that reserve.
AustralianSuper claims a tax deduction for administration costs each year. The amount of the deduction is also paid into the reserve.
If you have a Choice Income account your Administration fee consists of an account keeping fee and an asset-based fee. You’ll pay $1.50 per week for the account-keeping fee. The asset-based fee is 0.11% of your account balance each year up to a maximum of $750.
The account-keeping fee is calculated weekly and deducted monthly from your account. The asset-based fee is calculated and deducted monthly based on your account balance at the end of each month.
For higher account balances, the maximum asset-based fee may be deducted before the end of the financial year. Once the maximum annual fee has been deducted from your account, the asset-based fee will be $0 for the rest of the financial year.
-
Investment fee
These fees are charged to cover the cost to us of managing your investments - costs like external investment management fees, performance related fees, plus transactional and operational costs.
For super accounts invested in the Balanced option, the investment fee is 0.74% of your account balance. For Choice Income accounts invested in the Balanced account, it's 0.75%.
The percentages are different for each option. Scroll down to find out what they are for the other options.
-
Insurance fees
These fees are your insurance premiums. They’re taken out of your super balance automatically. They depend on the level/amount of cover you have, your age, and the type of work you do. The easiest way to calculate these costs is with our Insurance Calculator, or if you’re a member you can log into your account and view your premium.
Insurance is not available in Choice Income accounts.
-
Advice fees
We can provide general or simple personal advice over the phone at no cost, but if you need advice about transition to retirement options, we may charge a fee of up to $295.
To meet face-to-face with an adviser, we charge a flat fee, but we'll always tell you what this will be in advance. The first meeting is complimentary, and if you decide not to go ahead, there's no obligation.
Call us on 1300 300 273 to discuss your needs or make an appointment.
-
Other potential fees
These are additional service fees that you might have to pay, depending on what you do with your super account. They include:
Type of fee or cost Amount How and when paid Exit fee $35 Charged on full or partial withdrawals. If you have a Choice Income account, this doesn't apply to your regular income payments. Contribution splitting fee: This is charged to split your contributions with your spouse. $70 Charged to your account when the split happens. Family Law Act information request: This is charged when an eligible person asks for information under the Family Law Act. $50 Charged to the person asking for the information. Family Law Act payment flagging agreement: This is charged when a payment flagging agreement to defer the splitting of a super interest is put in place. Nil n/a Family Law Act splitting account fee: This is charged to put a family law splitting order or agreement in place. $70 (shared equally between the two parties) Charged to your account when the split happens. AustralianSuper can charge the fees which you may be charged. You’ll be given at least 30 days notice before any increase in fees takes effect.
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 | 0.74% | For every $50,000 you have in the MySuper product you will be charged $370 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 $448 for the MySuper product. |
|
Note: Additional fees may apply.
Choice Income account invested in the Balanced option
| Example: AustralianSuper Balanced Investment Option | ||
|---|---|---|
| Investment fees | 0.75% | For every $50,000 you have invested in the Balanced investment option, you’ll be charged $375. |
| 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:
- Investment management fees
- Performance related fees
- 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.
-
Fees for super investment options
Name of investment option Investment management fees Performance related fees Transactional and operational costs Total fees High Growth 0.47% 0.17% 0.17% 0.81% Balanced 0.45% 0.13% 0.16% 0.74% Socially Aware 0.47% 0.07% 0.20% 0.74% Conservative Balanced
0.40% 0.08% 0.18% 0.66% Stable
0.32% 0.03% 0.11% 0.46% Index Diversified
0.15% 0.00% 0.07% 0.22% Australian Shares 0.26% 0.00% 0.10% 0.36% International Shares 0.45% 0.19% 0.15% 0.79% Property 0.51% 0.01% 0.28% 0.80% Diversified Fixed Interest 0.36% 0.01% 0.12% 0.49% Cash 0.03% 0.00% 0.02% 0.05% -
Fees for Choice Income investment options
Name of investment option Investment management fees Performance related fees Transactional and operational costs Total fees High Growth 0.49% 0.17% 0.18% 0.84% Balanced 0.45% 0.13% 0.17% 0.75% Socially Aware 0.47% 0.07% 0.20% 0.74% Conservative Balanced
0.40% 0.08% 0.18% 0.66% Stable
0.32% 0.03% 0.12% 0.47% Index Diversified
0.15% 0.00% 0.07% 0.22% Australian Shares 0.26% 0.00% 0.10% 0.36% International Shares 0.45% 0.19% 0.15% 0.79% Property 0.51% 0.01% 0.27% 0.79% Diversified Fixed Interest 0.36% 0.01% 0.12% 0.49% Cash 0.03% 0.00% 0.02% 0.05%
Fees for our Member Direct option
If you invest in our Member Direct option, you’ll have an additional fees for this option:
-
Portfolio administration fee
This is a fee of $395 per year (calculated daily with partial amounts taken from your account on the first business day of each month).
-
Brokerage for shares and Exchange Traded Funds (ETFs)
A flat fee applies to the first $5,000 you trade, with scaled rates being progressively applied if you go over $5,000.
Brokerage fees are shown here.
For details of the management fees for the ETFs, please visit the website of the ETF provider. Refer to the Member Direct Investment menu for a complete list of the ETFs available.
-
Brokerage fees
Transaction amount Brokerage fee $0 to $5,000 $15.00 $5,001 to $10,000 0.30% $10,001 to $30,000 0.20% $30,001 to $50,000 0.16% $50,000+ 0.12% For example, if you placed a $35,000 trade, your total brokerage fee would be $78.00. This is calculated as follows:
Trade bracket Brokerage fee Total First $5,000 $15.00 $15.00 + $5,001 to $10,000 0.30% x $5,000 $15.00 + $10,001 to $30,000 0.20% x $20,000 $40.00 + $30,001 to $35,000 0.16% x $5,000 $8.00 = Total Brokerage $78.00