The administration fee is comprised of two components:
The $2.25 per week, which is calculated weekly and
deducted monthly from your account, and
- The up to 0.04% pa of your account balance, which is
deducted from investment returns daily, before returns
are applied to your account balance.
The administration fee is paid into the Fund’s administration
reserve and the Fund pays its administration costs from
The Investment fee is charged to cover the cost to us of managing your investments. These costs include external investment management fees, performance related fees, plus transactional and operational costs.
This fee includes expenses incurred by AustralianSuper, as well as amounts deducted indirectly via underlying fund investments. Each of the individual fees and costs that make up the overall Investment fee are calculated looking back as at 30 June each year (using the average value of all the assets in the investment option over the year to 30 June). These individual fees and costs may change from year to year. For the Balanced option, this was 0.63% for the 2020/21 financial year.
Indirect cost ratio
This is another way of calculating the cost of managing your investments. AustralianSuper doesn’t calculate an Indirect cost ratio. Instead, the costs relating to managing your investments are included in our overall Investment fee.
Adviser service fee (Advice fees)
This fee is negotiated between you and your adviser for advice about your investment in AustralianSuper. This can include advice on your investment options, insurance cover, contributions to super and retirement pension options and can be deducted from your super account or paid directly to your adviser. The cost of advice on non-super matters can’t be deducted from your account.