Understanding super fees

6 September 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 admin fees low² and deliver strong long-term investment performance for members³.

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.

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 advice⁵, 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.