A super fund for Australians
At AustralianSuper, our goal is to help you grow your super faster by delivering strong long-term investment performance. AustralianSuper is a profit-for-member fund, this means profit we make is for members not shareholders.
Benefit from our size
As Australia's largest super fund, our size and scale help us keep fees and costs lower.
Profits for members
AustralianSuper is a profit-for-member fund, we don’t pay profits or dividends to shareholders. This means the profits we make are for members.
Strong net benefits
AustralianSuper is a top performing fund over the long term1. This means more super for members.
1 AustralianSuper Balanced investment option (for super and TTR Income) compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index to 31 December 2022. AustralianSuper Balanced investment option (for Choice Income) compared to the SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 31 December 2022. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Your fees and costs in a nutshell
The below section shows the fees and costs you may be charged. If you don’t have any insurance cover with us, or don’t receive any paid advice, you won’t pay those fees.
We can change the fees we charge at any time without your consent. You’ll be given at least 30 days’ notice before any increase in fees deducted directly from your account takes effect.
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Administration fees and costs
Administration fees are paid into the Fund’s administration reserve and the Fund pays its administration costs from that reserve.
Administration fees consist of a Flat administration fee plus an Asset-based administration fee which are deducted directly from your account each month.
If you have a super account:
- your Flat administration fee is $1 a week, and
- your Asset-based administration fee is 0.10% pa of your account balance (up to a maximum of $350 pa).
If you have a Choice Income or TTR Income account:
- your Flat administration fee is $1 a week, and
- your Asset-based administration fee is 0.10% pa of your account balance (up to a maximum of $600 pa).
Plus, administration costs paid from reserves that are not otherwise charged as administration fees of Nil2. These costs are not directly charged to your account but have reduced the reserve balance held by the Fund to cover future administration costs.
You will receive a tax benefit of 15% on any administration fees deducted directly from your super account or TTR Income account. The tax benefit will be paid directly into your account each month.
2 This amount is calculated based on the previous financial year. The actual amount will change from year to year and may be more or less than the amount shown.
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Investment fees and costs
Investment fees and costs are charged to cover our costs of managing your investments including external investment management fees and performance fees.
For our PreMixed and DIY Mix investment options, Investment fees and costs vary between 0.06% to 0.52% pa3 of the amount invested depending on the investment option. They are deducted from investment returns and reflected in the daily crediting rate.
For our Member Direct investment option, Investment fees and costs vary between $30 to $180 pa depending on the option selected. They are deducted directly from your Member Direct Cash account in arrears on the first business day of the following month based on the number of days in the month.
The Member Direct investment option is not available in TTR Income accounts.
3 These amounts are calculated based on previous financial year(s). The actual amounts will change from year to year and may be more or less than the amounts shown.
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Transaction costs
Transaction costs are incurred when buying and selling underlying investments for the PreMixed and DIY Mix investment options.
Transaction costs vary between 0.00% to 0.20% pa4 of the amount invested depending on the investment option. They are deducted from investment returns and reflected in the daily crediting rate.
4 These amounts are calculated based on the previous financial year. The actual amounts will change from year to year and may be more or less than the amounts shown.
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Brokerage fees
When trading shares, ETFs and LICs for our Member Direct investment option, Brokerage fees will apply on each trade as follows:
Trade amount Brokerage fee (incl GST less RITC) $0 to $13,000 $13 $13,001+ 0.10% Brokerage fees are deducted directly from your Member Direct Cash account when trades are settled.
The Fund claims a Reduced Input Tax Credit (RITC) of 75% on the GST component of any Brokerage fees and passes the benefit on to you in the form of a lower Brokerage fee deducted from your account (reflected in the amounts in the table above).
The Member Direct investment option is not available in TTR Income accounts.
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Insurance fees
Insurance costs will apply if you have insurance cover – see section 8 of the relevant PDS. They will 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 insurance costs.
If applicable, Insurance costs are deducted directly from your account each month.
Insurance cover is not available in Choice Income and TTR Income accounts.
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Advice fees
For most over-the-phone advice about your AustralianSuper account, there’s no additional cost, as it’s included in your membership and covered by the administration fees you pay.
For over-the-phone advice about transition to retirement and/or starting a pension account, a fee of $295 is payable from your AustralianSuper account.
If you receive personal financial advice that is not provided through the over-the-phone advice service, the fee you pay will depend on the nature and complexity of the advice. This fee will be agreed in writing with your adviser.
If applicable, Advice fees maybe deducted directly from your account.
Call us on 1300 300 273 to discuss your needs or make an appointment.
Other fees and costs may apply. You should read all the important information about fees and other costs because it is important to understand their impact on your investment. For full details of fees and costs including how they are calculated, and the fees and costs for each investment option:
- For super accounts - refer to the Fees and Costs Guide at australiansuper.com/FeesandCostsGuide
- For Choice Income and TTR Income accounts refer to Fees and other costs section in the relevant Product Disclosure Statement available at australiansuper.com/PDS
What your fees might look like
Most people are invested in our Balanced investment option (default option). The Balanced investment option has a history of strong long-term performance5.
5 AustralianSuper Balanced investment option (for super and TTR Income) compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index to 31 December 2022. AustralianSuper Balanced investment option (for Choice Income) compared to the SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 31 December 2022. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Examples of annual fees and costs for our Balanced investment option
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Super account
This table gives an example of how the ongoing annual fees and costs for the AustralianSuper MySuper Balanced investment option for our super plans can affect your superannuation investment over a one-year period.
You should use this table to compare our super plans with other superannuation products.
6 Additional fees may apply. Assumes your balance of $50,000 is maintained throughout the year. You will receive a tax benefit of $15.30 on the administration fees shown above which will reduce the cost of product for the year after tax benefits to $431.70.Example – AustralianSuper MySuper Balanced investment option Balance of $50,000 Administration fees and costs 0.10%
plus
$52 ($1 per week)For every $50,000 you have in the superannuation product, you will be charged $50 in administration fees and costs up to a maximum of $350,
plus
you will be charged $52 regardless of your account balance.PLUS Investment fees and costs 0.49% AND, you will have deducted from your investment $245 in investment fees and costs. PLUS Transaction costs 0.20% AND, you will have deducted from your investment $100 in transaction costs. EQUALS Cost of product6 If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $447 for the superannuation product. -
TTR Income account
This table gives an example of how the ongoing annual fees and costs for the AustralianSuper Balanced investment option for the TTR Income account can affect your superannuation investment over a one-year period.
You should use this table to compare the TTR Income account with other superannuation products.
6 Additional fees may apply. Assumes your balance of $50,000 is maintained throughout the year. You will receive a tax benefit of $15.30 on the administration fees shown above which will reduce the cost of product for the year after tax benefits to $431.70.Example – AustralianSuper Balanced investment option Balance of $50,000 Administration fees and costs 0.10%
plus
$52 ($1 per week)For every $50,000 you have in the superannuation product, you will be charged $50 in administration fees and costs up to a maximum of $600,
plus
you will be charged $52 regardless of your account balance.PLUS Investment fees and costs 0.49% AND, you will have deducted from your investment $245 in investment fees and costs. PLUS Transaction costs
0.20%
AND, you will have deducted from your investment $100 in transaction costs. EQUALS Cost of product6 If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $447 for the superannuation product. -
Choice Income account
This table gives an example of how the ongoing annual fees and costs for the AustralianSuper Balanced investment option for our Choice Income account can affect your superannuation investment over a one-year period.
You should use this table to compare our Choice Income account with other superannuation products.
7 Additional fees may apply. Assumes your balance of $50,000 is maintained throughout the year.Example – AustralianSuper Balanced investment option Balance of $50,000 Administration fees and costs 0.10%
plus
$52 ($1 per week)For every $50,000 you have in the superannuation product, you will be charged $50 in administration fees and costs up to a maximum of $600,
plus
you will be charged $52 regardless of your account balance.PLUS Investment fees and costs 0.49% AND, you will have deducted from your investment $245 in investment fees and costs. PLUS Transaction costs 0.20% AND, you will have deducted from your investment $100 in transaction costs. EQUALS Cost of product7 If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $447 for the superannuation product.
