The amount of fees you are charged can make a large difference to your end benefit – lower fees mean you'll have more super when you finish working.
Here is a table outlining our fees and what we charge them for.
| Type of fee |
MySuper Lifecycle Investment Strategy |
MyMix |
How and when paid |
| Investment fee1 |
Building - 0.39% p.a.
Growing - 0.51% p.a.
Consolidating - 0.51% p.a. |
Secure - 0.04% p.a.
Balanced - 0.56% p.a.
Growth - 0.64% p.a.
|
These fees are calculated as a percentage of applicable Fund assets and deducted from gross investment returns daily. |
| Administration fee1 |
$115 p.a. ($2.21 per week)
+ 0.15% p.a.
+ up to 0.01% p.a.
Maximum Administration fee of $800 p.a |
$115 p.a. ($2.21 per week)
+ 0.30% p.a.
+ up to 0.01% p.a.
|
The dollar fee is deducted from your account balance monthly.
The percentage-based fee is calculated as a percentage of applicable Fund assets and deducted from gross investment returns daily. An additional fee up to 0.01% p.a. may be deducted from the Contingency Reserve fund to cover regulatory costs and initiatives that deliver Member outcomes. |
| Buy-sell spread |
Nil |
Nil |
Not applicable. |
| Switching fee |
Nil |
Nil |
Not applicable. |
| Advice fees relating to all members investing in a particular MySuper product or investment option |
Nil |
Nil |
Not applicable. |
| Other fees and costs* |
Amounts vary depending on the nature of the fee and your personal circumstances. |
Amounts vary depending on the nature of the fee and your personal circumstances. |
Insurance fees are deducted from your account balance monthly, where applicable. |
| Performance Fee |
Building 0.00% p.a
Growing 0.07% p.a
Consolidating 0.06% p.a
|
Secure - 0.00% p.a.
Balanced - 0.06% p.a.
Growth - 0.09% p.a.
|
|
| Transaction Costs^ |
Building 0.09% p.a
Growing 0.02% p.a
Consolidating 0.01% p.a
|
Secure - 0.00% p.a.
Balanced - 0.00% p.a.
Growth - 0.01% p.a.
|
These fees are incurred when assets are bought or sold.
|
1 If your account balance is less than $6,000 at the end of the financial year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
* Insurance fees may also apply. Refer to 'additional explanation of fees and costs' in the Insurance Guide.
^ The Fund's transactional costs comprise of operational costs and Over-The-Counter (OTC) derivative costs, which are explained in more detail in the 'Additional explanation of fees and costs' in the How Super Works Guide.