Administration fees and costs at Child Care Super are calculated as follows:

$88.40p.a. + 0.15%p.a. of your account balance per year, with the aggregate capped at $800 p.a. per account. An additional 0.02% p.a (estimated) may also be deducted from fund reserves and not directly from your account.

This fee covers the general cost of managing your account. You’ll see the $88.40 p.a come out of your account as a monthly amount. The 0.15% p.a is deducted from the investment option before the unit prices have been struck, so you won’t see this fee in your account.