Summary
Super fees explained simply
As Australia’s largest super fund1, we use our size and scale to help keep admin fees low so more of your super can be invested to grow2.
The two main types of fees are for administration and investment. If you don’t have any insurance cover with us, or don’t receive any paid advice, you won’t pay those fees.
The different types of super fees
Helping deliver a better future for members is all about putting them first and helping grow their super for the future. One way AustralianSuper does this is by using our size and scale to keep our admin fees low2.
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Administration
Administration fees consist of a Flat administration fee plus an Asset-based administration fee which are deducted directly from your account each month.
Investment
Investment fees and costs are charged to cover our costs of managing your investments including external investment management fees and performance fees, deducted from investment returns and reflected in the daily crediting rate.
Transaction
Transaction costs are incurred when buying and selling underlying investments for our PreMixed and DIY Mix investment options. They are deducted from investment returns and reflected in the daily crediting rate.
Brokerage
When buying and selling shares, ETFs or LICs for our Member Direct investment option, Brokerage fees will apply to each transaction and are deducted directly from your Member Direct Cash account when the corresponding transaction is settled.
Insurance
Insurance costs will apply if you have insurance cover 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. Insurance cover is not available in Choice Income and TTR Income accounts.
Advice
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 pay4.
For over-the-phone advice about transition to retirement and/or starting a pension account, a fee 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 adviser5.
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
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Important information
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Fees and Costs Guide
How we keep fees low
At AustralianSuper, our goal is to help you grow your super by delivering strong long-term investment performance5. AustralianSuper is a profit-for-member fund. This means any profit we make is for members, not shareholders.
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Did you know small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns? For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).
Benefit from our size
As Australia’s largest super fund1, we use our size and scale to help keep admin fees low2.
Profit for members
AustralianSuper is a profit-for-member fund, we don't pay profits or dividends to shareholders. This means the profits go back into the fund for the benefit of members.
Strong long-term returns
The Balanced option has delivered an average of 8.17% over the last 10 years, 7.18% over the last 20 years and 9.24% since inception (August 1985) to 30 September 20266.
Size and scale
We’re Australia’s largest super fund1, and one of the top 20 largest pension funds globally7. We use our size, investment capability and global reach to access opportunities that may not be available to smaller funds.
AustralianSuper manages over $430 billion on behalf of over 3.6 million members6.
How do lower fees make a difference?
Lower fees mean more of your balance stays invested, where it could continue to grow for the retirement lifestyle you want.
Comparatively, other funds with higher fees can eat into your super savings over time - meaning you could have less money at retirement.
Scroll down to see the difference our fees could make.
Other things to consider
You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.
Example of annual fees and costs
This table gives an example of how the ongoing annual fees and costs for the AustralianSuper MySuper Balanced investment option for our superannuation products can affect your superannuation investment over a one-year period. You should use this table to compare our superannuation products with other superannuation products.
Example – AustralianSuper MySuper Balanced investment option Balance of $50,000 Administration fees and costs
0.12%
plus
$52 ($1 per week)For every $50,000 you have in the superannuation product, you will be charged $60 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 costs0.47%
AND, you will have deducted from your investment $235 in investment fees and costs.
PLUS
Transaction cost0.06%
AND, you will have deducted from your investment $30 in transaction costs.
EQUALS
Cost of product8If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $377 for the superannuation product.
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Disclaimers
- APRA Quarterly Superannuation Fund Level Statistics June 2026, Released September 2026.
- Source: Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403). Chant West Super Fund Fee Survey June 2026. Survey compares administration fees and costs for MySuper products for a $50,000 balance. AustralianSuper’s MySuper product is the Balanced option. Other fees and costs apply. Fees may change in the future which may affect the outcome of this comparison.
- This advice is provided by MUFG Retire360 Pty Limited ABN 36 105 811 836, AFSL 258145 and is their responsibility. Some personal advice may incur a fee, which will be disclosed before any work is completed. Subject to meeting eligibility criteria, fees for advice about your AustralianSuper account may be deducted from your account with your consent.
- Personal advice is given by a separate legal entity, not by AustralianSuper Pty Ltd. Some personal advice may incur a fee, which will be disclosed before any work is completed. Subject to meeting eligibility criteria, fees for advice about your AustralianSuper account may be deducted from your account with your consent.
- AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey – SR Balanced (60–76) Index to 30 September 2026. Investment returns aren’t guaranteed. Past performance is not a reliable indicator of future returns. Returns from equivalent investment options of the ARF and STA super funds are used for periods before 1 July 2006.
- As at 30 June 2026
- Thinking Ahead Institute, Global top 300 pension funds, September 2026.
- Additional fees may apply. Assumes your balance of $50,000 is maintained throughout the year.