Understanding super fees

10 May 2024

We know that low fees play a big part in helping Australians retire well.

As Australian’s largest super fund1, our goal is to use our size and scale to help keep fees low and deliver strong long-term investment performance for members2.

There are different types of fees and costs you might be charged based on your investment option, with all members paying some administration and investment fees.

Let’s take a closer look:

Administration fees

These fees help to cover the non-investment related costs of running the Fund. They go towards a range of services including the administration of your account, general advice and education resources.

Administration fees also go toward providing the AustralianSuper mobile app and member portal, which helps give you greater control in managing your super account.

Our admin fees are 27% lower on average3 so more of your super can be invested to grow. You’ll also receive a tax benefit of 15% on any administration fees deducted directly from your super account or transition to retirement (TTR) Income account. The tax benefit will be paid directly into your account each month.

Investment fees

When money goes into your super account, we invest it to help it grow. Investment fees help cover transaction costs and staff management costs related to managing your investment.

These fees also change each year.

Other types of fees

You may also be charged fees and costs for optional products and services with us, including:

Insurance costs

If you have insurance cover through your super, you’ll pay costs known as insurance premiums for that cover.

Insurance costs are taken out of your super balance, and how much you pay depends on the cover you have, your age and the type of work you do.

If you’re not sure whether you have insurance cover with us, log into your online account to check or contact us.

Advice fees

At AustralianSuper, we can give you access to general or most simple personal advice4 over the phone at no additional cost. But if you need more comprehensive advice, it may attract a fee which will be outlined before any work is completed and is subject to your agreement. The cost of advice may be deducted from your super account, subject to eligibility criteria.

Brokerage fees

Brokerage fees will be charged on our self-managed investment option Member Direct when trading shares, Exchange Traded Funds (ETFs) and Listed Investment Companies (LICs). 

These fees are deducted directly from your Member Direct Cash account when trades are settled.

For more information about Member Direct fees, visit our product page.

See what your fees look like

For more details about what you may be charged for, visit our fees and costs page.


See what your fees look like

  1. APRA Annual fund-level superannuation statistics June 2023. Released 13 December 2023.
  2. AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey - SR50 Balanced (60–76) Index to 31 December 2023. Investment returns are not 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.
  3. Zenith CW Pty Ltd (Chant West) (ABN 20 639 121 403). Chant West Super Fund Fee Survey December 2023. Survey compares administration fees and costs for MySuper products for a $50,000 balance. 27% equates to $38.35 over 1 year. Other fees and costs apply. Fees may change in the future which may affect the outcome of this comparison.
  4. There’s no charge for general advice about your super account. The financial advice you receive will be provided by Link Advice Pty Limited ABN 36 105 811 836, AFSL 238145 and will be their responsibility. Personal product advice provided may attract a fee, which will be outlined before any work is completed and is subject to your agreement. 
  5. Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria. 
This may include general financial advice which doesn’t take into account your personal objectives, financial situation or needs. Before making a decision consider if the information is right for you and read the relevant Product Disclosure Statement, available at australiansuper.com/PDS or by calling 1300 300 273. A Target Market Determination (TMD) is a document that outlines the target market a product has been designed for. Find the TMDs at australiansuper.com/TMD

AustralianSuper Pty Ltd ABN 94 006 457 987, AFSL 233788, Trustee of AustralianSuper ABN 65 714 394 898. 
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