We’re big on keeping fees small. Get to know how they relate to your super and what they’re made up of.
A super fund with low fees*
At AustralianSuper, our goal is to help you grow your super faster by keeping fees low* and striving to deliver strong long-term investment performance. 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.
Super account administration fees
$2.25 per week plus up to 0.04% of your account balance each year.
Choice Income and TTR Income account administration fees
$2.25 per week plus 0.11% of your account balance each year capped at $750.
Learn more about other fees and costs for the Superannuation, Choice Income and TTR Income accounts below.
*Chant West Super and Pension Fund Fee Survey at 31 December 2021. Based on $50,000 invested in the AustralianSuper MySuper Balanced option and $250,000 invested in the AustralianSuper Balanced Pension option.
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 medium and long term†. Together with low fees*, this means more super for members.
*Chant West Super and Pension Fund Fee Survey at 31 December 2021. Based on $50,000 invested in the AustralianSuper MySuper Balanced option and $250,000 invested in the AustralianSuper Balanced Pension option.
†AustralianSuper Balanced investment option (for super and TTR Income) compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index to 31 March 2022. AustralianSuper Balanced investment option (for Choice Income) compared to the SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 31 March 2022. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Your super fees and costs in a nutshell
The below section shows the fees and costs you may be charged and explains how they are deducted from your account. If you don’t have any insurance with us, or don’t receive any paid advice, you won’t pay those fees and costs.
-
Administration fee
Administration fee for superannuation accounts
If you have a super account, your Administration fee is $2.25 per week plus up to 0.04% pa of your account balance.
The $2.25 per week is calculated weekly and deducted monthly from your account. The percentage component of up to 0.04% pa of your account balance is deducted daily from investment returns, before returns are applied to your account.
The Fund pays its administration fees and costs from the administration reserve
Note: From 3 September 2022 the admin fee structure is changing for super accounts. For details visit australiansuper.com/FeeChange.
Administration fee for Choice Income or TTR Income accounts
If you have a Choice Income account your Administration fee consists of an account-keeping fee and an asset-based fee. The accounting-keeping fee is $2.25 per week, and the asset-based fee is 0.11% of your account balance each year (up to a maximum of $750).
Note: From 1 September 2022 the admin fee structure is changing for Choice Income and TTR Income accounts. For details visit australiansuper.com/FeeChange
-
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 and TTR Income accounts invested in the Balanced option, the Investment fee in the year ended 30 June 2022 was 0.73% of your account balance. For Choice Income accounts invested in the Balanced option, the Investment fee in the year ended 30 June 2022 was 0.72% of your account balance. The investment fee is for the 2021/22 financial year and is likely to change from year to year.
The percentages are different for each option. Scroll down to find out what they are for the other options.
-
Insurance costs
These costs 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 login to your account and view your insurance costs.
Insurance is not available in Choice Income and TTR Income accounts.
-
Advice fees
We can provide general or simple personal advice over the phone at no cost, but if you need advice about starting a Choice Income account or transition to retirement options, a fee of up to $295 may be charged.
If you'd like to meet face-to-face with an adviser, a flat fee may be charged, 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 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 change the fees which you may be charged. You’ll be given at least 30 days notice before any increase in fees takes effect.
‡From 3 September 2022 for super accounts and from 1 September 2022 for Choice Income and TTR Income accounts, we're removing the contribution split fee (for super accounts), family law request for information fee and the family law split fee.
What your fees might look like
Most people are invested in our Balanced investment option thanks to its history of strong long term performance†.
†AustralianSuper Balanced investment option (for super and TTR Income) compared to the SuperRatings Fund Crediting Rate Survey – SR50 Balanced (60-76) Index to 31 March 2022. AustralianSuper Balanced investment option (for Choice Income) compared to the SuperRatings Pension Fund Crediting Rate Survey - SRP50 Balanced (60–76) Index to 31 March 2022. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Fees for our Balanced option
-
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§ 0.73% For every $50,000 you have in the superannuation product you will be charged $365 each year. PLUS administration fees $117 pa ($2.25 a week)
plus
up to 0.04% of your account balanceAND, 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 $502 for the superannuation product. Note: Additional fees and costs may apply. From 3 September 2022 the admin fee structure is changing for super accounts. For details visit australiansuper.com/FeeChange
§The investment fee for our other investment options is different. The investment fee is for the 2021/22 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. -
TTR Income account invested in the Balanced option
This table show what the annual fees might look like over a one-year period for a TTR Income account with a balance of $50,000.
Example: Balanced Investment Option Investment fees§ 0.73% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $365. 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 $537.
Note: Additional fees and costs may apply. From 1 September 2022 the admin fee structure is changing for TTR Income accounts. For details visit australiansuper.com/FeeChange
§The investment fee for our other investment options is different. The investment fee is for the 2021/22 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. -
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§ 0.72% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $360. 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 $532.
Note: Additional fees and costs may apply. From 1 September 2022 the admin fee structure is changing for Choice Income accounts. For details visit australiansuper.com/FeeChange
§The investment fee for our other investment options is different. The investment fee is for the 2021/22 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.
Fees for our PreMixed and DIY Mix options
The table below shows how our overall investment fee is broken down for each investment option. These are estimated investment fees for the balance held in each investment option for the 2021/2022 financial year. The actual amount will change from year to year and will depend on the actual fees and costs incurred in managing your investments.
-
Investment fees for super and TTR Income investment options
Name of investment option Investment management fees Performance related fees Transactional and operational costs Total fees High Growth 0.35% 0.16% 0.16% 0.67% Balanced 0.38% 0.16% 0.19% 0.73% Socially Aware 0.38% 0.16% 0.19% 0.73% Conservative Balanced
0.36% 0.14% 0.17% 0.67% Stable
0.32% 0.06% 0.17% 0.55% Indexed Diversified
0.09% 0.00% 0.05% 0.14% Australian Shares 0.18% 0.00% 0.01% 0.19% International Shares 0.33% 0.00% 0.07% 0.40% Diversified Fixed Interest 0.34% 0.01% 0.02% 0.37% Cash 0.06% 0.00% 0.00% 0.06%
-
Investment fees for Choice Income investment options
Name of investment option Investment management fees Performance related fees Transactional and Operational Costs Total fees High Growth 0.37% 0.16% 0.16% 0.69% Balanced 0.37% 0.16% 0.19% 0.72% Socially Aware 0.40% 0.16% 0.19% 0.75% Conservative Balanced
0.35% 0.14% 0.17% 0.66% Stable
0.33% 0.06% 0.16% 0.55% Indexed Diversified
0.09% 0.00% 0.05% 0.14% Australian Shares 0.18% 0.00% 0.01% 0.19% International Shares 0.34% 0.00% 0.07% 0.41% Diversified Fixed Interest 0.36% 0.01% 0.02% 0.39% Cash 0.06% 0.00% 0.00% 0.06%
Fees for our Member Direct option
The fees and costs that apply to Member Direct vary depending on which option you select.
| OPTION | ASSETS YOU CAN INVEST IN USING THIS OPTION | Cash Account Fee | Portfolio Administration fee†† |
|---|---|---|---|
| Cash Account | Cash |
0.12% pa of Cash Account balance** |
Nil |
| Term Deposits | Cash and Term Deposits | $150 pa‡ ‡ | |
| Shares, ETFs & LICs | Cash and Term Deposits and ASX 300 Shares, ETFs & LICs | $395 pa‡ ‡ |
**Calculated daily and deducted monthly after the gross interest rate is applied to the balance in the Cash Account.
†† The Portfolio administration fee is determined by the option you select and not by the type of assets you hold. You can change your current option selection via the platform.
‡ ‡ Calculated daily and deducted monthly from balance in the Cash Account.
Additional fees and costs that may apply
| Option | Term deposit costs | Brokerage costs | Other fees |
|---|---|---|---|
| Cash Account | Nil | Nil | You will also pay an AustralianSuper administration fee and investment fees for investment options that are managed by AustralianSuper for you (i.e. PreMixed or DIY Mix options). |
| Term Deposits | If you redeem your Term Deposit(s) prior to their maturity date penalties will apply. Refer to table on term deposit costs. | Nil | |
| Shares, ETFs & LICs | If you choose to trade in shares, ETFs and LICs brokerage will apply. Refer to table on brokerage fees below. |
-
Term Deposit costs
If term deposits are redeemed prior to their maturity date, our effective rate of interest will be reduced in accordance with the following discount factors. Principal reductions and other costs may also apply.
ME Bank term deposits
Nab term deposits
Time invested
(% of total term)Interest
rate
reducesTime invested
(% of total term)Interest
rate
reduces0 to <20
90%
0 to 50
0 to 50
20 to <50
80%
>50
20%
40 to <60
60%
60 to <80
40%
80 to <100
20%
-
Brokerage costs
When trading Shares, ETFs and LICs, different brokerage rates will be applied starting with a flat fee for the first $5,000 of each trade. Scaled cumulative brokerage rates apply to amounts above this based on the table below.
Transaction amount ex GST Brokerage fee ex GST $0 to $5,000 $15 $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 excluding GST. This is calculated as follows:
Trade bracket Brokerage fee ex GST Total ex GST First $5,000 $15 $15 + $5,001 to $10,000 0.30% x $5,000 $15 + $10,001 to $30,000 0.20% x $20,000 $40 + $30,001 to $35,000 0.16% x $5,000 $8 = Total Brokerage $78 Brokerage fees are subject to Goods & Services Tax (GST) at the rate of 10%. A refund for the Reduced Input Tax Credit (RITC), typically 75% of the GST paid, will be credited to your account at the time of settlement e.g. brokerage fees of $78.00 are subject to GST of $7.80. Your account will be credited 75% of the GST paid i.e. $5.85, and you will pay a total of $79.95 for this trade including GST less RITC.
-
Fees for ETFs and LICs
Additional fees and costs incurred by the ETF or LIC, including management fees, custody costs and other expenses may be deducted from the returns of the underlying securities in the ETF or LIC. For details please visit the website of the ETF or LIC issuer. Visit our Member Direct page for a copy of the Member Direct investment option – investment menu, which provides a full list of the available ETFs and LICs offered.
