A super fund with low fees
At AustralianSuper, our goal is to help you grow your super faster by keeping fees low and striving to deliver strong long-term investment performance. AustralianSuper is a profit-to-member fund, we don’t pay profits or dividends to shareholders. This means the profits we make are for members.
Super account administration fees
$2.25 per week plus up to 0.04% of your account balance each year.
Choice Income and TTR Income account administration fees
$2.25 per week plus 0.11% of your account balance each year capped at $750.
Learn more about other fees and costs for the Superannuation, Choice Income and TTR Income accounts below.
Select a super balance
-
Important information
Benefit from our size
As Australia's largest super fund, our size and scale help us keep fees and costs lower.
Profits-to-members
AustralianSuper is a profit-to-member fund, we don’t pay profits or dividends to shareholders. This means the profits we make are for members.
Strong net benefits
AustralianSuper is a top performing fund over the medium and long term*. Together with low fees, this means more super for members.
Your super fees and costs in a nutshell
The below section shows the fees and costs you may be charged and explains how they are deducted from your account. If you don’t have any insurance with us, or don’t receive any paid advice, you won’t pay those fees and costs.
-
Administration fee
Administration fee for superannuation accounts
If you have a super account, your Administration fee is $2.25 per week plus up to 0.04% pa of your account balance.
The $2.25 per week is calculated weekly and deducted monthly from your account. The percentage component of up to 0.04% pa of your account balance is deducted daily from investment returns, before returns are applied to your account.
The Fund pays its administration fees and costs from the administration reserve.
Administration fee for Choice Income or TTR Income accounts
If you have a Choice Income account your Administration fee consists of an account-keeping fee and an asset-based fee. The accounting-keeping fee is $2.25 per week, and the asset-based fee is 0.11% of your account balance each year (up to a maximum of $750).
-
Investment fee
These fees are charged to cover the cost to us of managing your investments - costs like external investment management fees, performance related fees, plus transactional and operational costs.
For super and TTR Income accounts invested in the Balanced option, the Investment fee in the year ended 30 June 2021 was 0.63% of your account balance. For Choice Income accounts invested in the Balanced option, the Investment fee in the year ended 30 June 2021 was 0.62% of your account balance. The investment fee is calculated looking back as at 30 June each year and is likely to change from year to year.
The percentages are different for each option. Scroll down to find out what they are for the other options.
-
Insurance costs
These costs are your insurance premiums. They’re taken out of your super balance automatically. They 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 login to your account and view your insurance costs.
Insurance is not available in Choice Income accounts.
-
Advice fees
We can provide general or simple personal advice over the phone at no cost, but if you need advice about starting a Choice Income account or transition to retirement options, a fee of up to $295 may be charged.
If you'd like to meet face-to-face with an adviser, a flat fee may be charged, but we'll always tell you what this will be in advance. The first meeting is complimentary and if you decide not to go ahead, there's no obligation.
Call us on 1300 300 273 to discuss your needs or make an appointment.
-
Other potential fees
These are additional service fees that you might have to pay, depending on what you do with your super account. They include:
Type of fee or cost Amount How and when paid Exit fee Nil Contribution splitting fee: This is charged to split your contributions with your spouse. $70 Charged to your account when the split happens. Family Law Act information request: This is charged when an eligible person asks for information under the Family Law Act. $50 Charged to the person asking for the information. Family Law Act payment flagging agreement: This is charged when a payment flagging agreement to defer the splitting of a super interest is put in place. Nil n/a Family Law Act splitting account fee: This is charged to put a family law splitting order or agreement in place. $70 (shared equally between the two parties) Charged to your account when the split happens. AustralianSuper can change the fees which you may be charged. You’ll be given at least 30 days notice before any increase in fees takes effect.
What your fees might look like
Most people are invested in our Balanced investment option thanks to its history of strong long term performance*.
* Based on the AustralianSuper Balanced investment option compared to the SuperRatings Fund Crediting Rate Survey — SR50 Balanced (60–76) Index, periods to 31 July 2021. Returns from equivalent investment options of the ARF and STA super funds are used in calculating returns for periods that begin before 1 July 2006. Investment returns are not guaranteed. Past performance is not a reliable indicator of future returns.
Fees for our Balanced option
-
Super account invested in the Balanced option
This table gives an example of how the fees and costs for the Balanced option for this superannuation product can affect your superannuation investment over a one year period. You should use this table to compare this superannuation product with other superannuation products.
Example - Balanced option
Balance of $50,000 Investment fees* 0.63% For every $50,000 you have in the superannuation product you will be charged $315 each year. PLUS administration fees $117 pa ($2.25 a week)
plus
up to 0.04% of your account balanceAND, you will be charged $117 in administration fees regardless of your balance
plus
up to $20per year in administration fees will be deducted from investment returns for every $50,000 you have in the superannuation product.PLUS indirect costs for the superannuation product† Nil AND indirect costs of $0 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 $452 for the superannuation product. Note: Insurance premiums and additional fees and costs may apply.
*The investment fee is for 2020/21 financial year. It’s likely to change from year to year and is different for each investment option. The fee is calculated looking back as at 30 June each year, the amount you’ll be charged in subsequent financial years will depend on the actual fees incurred in managing investments.
† If your account balance for a product is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
-
TTR Income account invested in the Balanced option
This table show what the annual fees might look like over a one-year period for a TTR Income account with a balance of $50,000.
Example: Balanced Investment Option Investment fees* 0.63% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $315. Plus administration fees $117 pa ($2.25 per week) Plus 0.11% pa of your account balance capped at $750 pa
And you will be charged $117 in administration fees regardless of your balance, plus $55 per year. Plus indirect costs for the Balanced Investment option
Nil
And indirect costs of $0 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 $487*
Note: Additional fees and costs may apply.
* The investment fee is for 2020/21 financial year. It’s likely to change from year to year and is different for each investment option. The fee is calculated looking back as at 30 June each year, the amount you’ll be charged in subsequent financial years will depend on the actual fees incurred in managing investments.
† If your account balance for a product is less than $6,000 at the end of the financial income year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.
-
Choice Income account invested in the Balanced option
This table show what the annual fees might look like over a one-year period for a Choice Income account with a balance of $50,000.
Example: Balanced Investment Option Investment fees* 0.62% For every $50,000 you have invested in the Balanced investment option, you’ll be charged $310. Plus administration fees $117 pa ($2.25 per week) Plus 0.11% pa of your account balance capped at $750 pa
And you will be charged $117 in administration fees regardless of your balance, plus $55 per year. Plus indirect costs for the Balanced Investment option
Nil
And indirect costs of $0 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 $482*
Note: Additional fees and costs may apply.
*The investment fee is for 2020/21 financial year. It’s likely to change from year to year and is different for each investment option. The fee is calculated looking back as at 30 June each year, the amount you’ll be charged in subsequent financial years will depend on the actual fees incurred in managing investments.
†If your account balance for a product is less than $6,000 at the end of the financial income year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.
Fees for our PreMixed and DIY Mix options
-
Investment fees for super and TTR Income investment options
Name of investment option Investment management fees Performance related fees Transactional and operational costs Total fees High Growth 0.34% 0.21% 0.05% 0.60% Balanced 0.36% 0.22% 0.05% 0.63% Socially Aware 0.40% 0.20% 0.08% 0.68% Conservative Balanced
0.35% 0.19% 0.04% 0.58% Stable
0.31% 0.04% 0.03% 0.38% Indexed Diversified
0.09% 0.00% 0.02% 0.11% Australian Shares 0.16% 0.00% 0.02% 0.18% International Shares 0.34% 0.03% 0.07% 0.44% Property** 0.65% 0.00% 0.03% 0.68% Diversified Fixed Interest 0.32% 0.00% 0.02% 0.34% Cash 0.06% 0.00% 0.00% 0.06%
** Investment option closed on 10 September 2021 -
Investment fees for Choice Income investment options
Name of investment option Investment management fees Performance related fees Transactional and operational costs Total fees High Growth 0.34% 0.21% 0.05% 0.60% Balanced 0.36% 0.21% 0.05% 0.62% Socially Aware 0.40% 0.20% 0.08% 0.68% Conservative Balanced
0.35% 0.19% 0.04% 0.58% Stable
0.31% 0.04% 0.03% 0.38% Indexed Diversified
0.09% 0.00% 0.02% 0.11% Australian Shares 0.16% 0.00% 0.02% 0.18% International Shares 0.34% 0.03% 0.07% 0.44% Property** 0.65% 0.00% 0.03% 0.68% Diversified Fixed Interest 0.32% 0.00% 0.02% 0.34% Cash 0.06% 0.00% 0.00% 0.06%
** Investment option closed on 10 September 2021
Fees for our Member Direct option
If you invest in Member Direct, you’ll have additional fees (on top of the investment fees mentioned above) for this option:
| OPTION | ASSETS YOU CAN INVEST IN USING THIS OPTION | Cash Account Fee | Portfolio Administration fee |
|---|---|---|---|
| Cash Account | Cash |
0.12% of Cash Account balance* |
Nil |
| Term Deposits | Cash and Term Deposits | $150 pa§ | |
| Shares, ETFs & LICs | Cash and Term Deposits and ASX 300 Shares, EFTs & LICs^ | $395 pa§ |
* Calculated daily and deducted monthly after the gross interest rate is applied to the balance in the Cash Account.
§ Calculated daily and deducted monthly from balance in the Cash Account.
^ Additional fees and costs incurred by the ETF or LIC, including management fees, custody costs and other expenses may be deducted from the returns of the underlying securities in the ETF or LIC. For details please visit the website of the ETF or LIC issuer.
Fees shown are GST inclusive. They are calculated daily and automatically deducted from your transaction account on the first business day of each month.
| Additional fees and costs that may apply | Term deposits option | Brokerage costs | Other fees |
|---|---|---|---|
| Cash Account | Nil | Nil | You will also pay an AustralianSuper administration fee and investment fees for investment options that are managed by AustralianSuper for you (i.e. PreMixed or DIY Mix options). |
| Term Deposits | If you redeem your Term Deposit(s) prior to their maturity date penalties will apply. Refer to table on term deposit costs. | Nil | |
| Shares, ETFs & LICs | If you choose to trade in shares, ETFs and LICs brokerage will apply. Refer to table on brokerage fees below. |
If you (or your beneficiaries) redeem your Term Deposit(s) prior to their maturity date, penalties will apply. Our effective rate of interest will be reduced in accordance with the following discount factors. Principal reductions and other costs may also apply. See breakdown below. More information on Member Direct fees is available here.
-
Term deposits
ME Bank term deposits
Nab term deposits
Time invested
(% of total term)Interest
rate
reducesTime invested
(% of total term)Interest
rate
reduces0 to <20
90%
0 to 50
0 to 50
20 to <50
80%
>50
20%
40 to <60
60%
60 to <80
40%
80 to <100
20%
If you choose to trade in share and ETFs the following brokerage fees will apply. A flat fee applies to the first $5,000 of your trade. Scaled cumulative brokerage rates apply to each component of your trade value above this, at the levels set out below.
If you choose to trade in share and ETFs, the following brokerage fees will apply. A flat fee applies to the first $5,000 of your trade. Scale cumulative brokerage rates apply to each components of your trade value above this, at the levels set out below.
-
Brokerage fees
Transaction amount Brokerage fee $0 to $5,000 $15 $5,001 to $10,000 0.30% $10,001 to $30,000 0.20% $30,001 to $50,000 0.16% $50,000+ 0.12% For example, if you placed a $35,000 trade, your total brokerage fee would be $78. This is calculated as follows:
Trade bracket Brokerage fee Total First $5,000 $15 $15 + $5,001 to $10,000 0.30% x $5,000 $15 + $10,001 to $30,000 0.20% x $20,000 $40 + $30,001 to $35,000 0.16% x $5,000 $8 = Total Brokerage $78
