AustralianSuper – with strong long-term investment returns** and low fees – will save you more.
The costs of your super with AustralianSuper are:
- Account management costs
- Investment management costs
- Insurance costs
Investment management costs are the same across AustralianSuper. Administration costs are also the same across AustralianSuper except for the Retirement Income Division and Corporate funds, which are tailored to meet individual fund needs.
|Account management costs
||$1.50 per week
|Advice fees‡ relating to all members investing in a particular MySuper product or investment option
|Deducted directly from your account after the advice has been received.
|Over-the-phone advice service
|Fees for other advice
|As negotiated between you and your adviser
If you get advice from an eligible adviser about your investment with AustralianSuper, you can have fees for the advice deducted from your account. The Statement of Advice provided by the adviser will state the fees (if any) that you will pay.
|Additional service fee
|Contribution splitting fee
|Family Law Act information request
This is the fee charged when a person requests information under the Family Law Act.
|Family Law Act splitting account fee
This is the fee charged to effect a Family Law splitting order or agreement.
|$70 shared by both parties
- $35.00 paid by the member
- $35.00 paid by the receiving spouse
|Fees when your money moves in or out of the Fund
|Exit fee charged on full and each partial withdrawal
|Investment management and brokerage costs
|Investment costs for the 2015/16 financial year ranged from 0.05% pa to 0.73% pa of your account balance, depending on your investment option§
Detailed investment costs.
|Range from 0.05% pa to 0.73% pa
An example of annual fees
The main fees to set-up and manage your account are below. These are based on our MySuper product with a balance of $50,000.
| Example - MySuper product balance of $50,000
||For every $50,000 you have in the MySuper product you will be charged $0 each year.
|PLUS administration fees
||$78 ($1.50 per week)
||AND you will be charged $78 in administration fees regardless of your balance.
|PLUS indirect costs for the MySuper product
||AND indirect costs of $320 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 $398 for the MySuper product.#
# Additional fees may apply
The fees for our other investment options are different. Investment management costs are calculated looking back as at 30 June each year. These may change from year to year.
Member Direct investment option
Additional fees apply to the Member Direct investment option.
Insurance for Death, Total and Permanent Disablement and Income Protection cover may be provided to you through your super account. The fees will depend on the amount of cover you have, your age, the division you’re in and the type of work you do. To work out what your insurance premium would be use our insurance calculator, or if you’re a member you can log into your account and view your premium.
Insurance premiums for Corporate members are usually tailored to each individual corporate plan. If you’re a corporate member please log into your account to access the premium amount.
**Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
†Super AppleCheck is provided by research consultant Chant West Financial Services. While AustralianSuper has paid Chant West a fee for making the service available to you, AustralianSuper has no influence over the research results and ratings and does not accept responsibility for any loss or damage caused by the service.
‡The financial advice you receive will be provided under the Australian Financial Services Licence held by third parties and not by AustralianSuper Pty Ltd (AustralianSuper) and therefore is not the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.
§The figures shown above are for the 2014/15 financial year. Investment management costs are calculated as at 30 June each year and may change from year to year. Where you have more than one investment option, the fee deducted from gross investment earnings will be apportioned.
Important note: Where the fund receives a tax deduction, the benefit of that deduction is passed on to members as part of fund earnings.
Fee adjustments: The trust deed allows the trustee to increase or alter any of the fees (other than Government taxes). We’ll let you know about any increases to the fees in writing at least 30 days before they’re implemented. In the case of a fee reduction, where practicable, you’ll be notified before the change or (usually) no more than three months after the change.