The administration fee of $2.25 per week is calculated weekly and processed monthly from your account. This fee is paid into the Fund’s administration reserve and the Fund pays its administration costs from that reserve.
The Fund claims a tax deduction for administration costs each year. The amount of the deduction is also paid into the reserve.
From 1 April 2020, a new administration fee will apply to all super (accumulation) accounts. You can find out more about the
fee changes here
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 0.60% for the 2018/19 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
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.