We're launching a new investment option menu on 1 July 2024. Please visit the info hub to learn how this affects Accumulation and Income accounts.
Did you know the less you pay in fees on your super account, the more money you could have in retirement? That's why it's important to understand what you can expect to pay.
We're one of Australia's largest super funds. And we're transparent with you about our fees, so you can make an informed decision.
As a members-first fund, we're committed to returning profits back to you as better services and lower fees.
Our Super Savings Income accounts have won multiple awards over many years for outstanding value for money.
Our awardsThe total amount you pay per year (cost of product) is made up of administration and investment fees and costs, and transaction costs. Investment fees and costs also include performance fees, which may change depending on how your investments perform.
If you hold an Accumulation or Income account with us, we'll charge you a flat weekly dollar fee of $1.20 per week. We'll also charge you a percentage fee of 0.10% p.a. on the first $500,000 of your account balance.
This means the most we'll charge you for admin fees per year per account is $562.40.
per week
Investment fees and costs are what we charge to manage each investment option. These include performance fees which we estimate as an average of the last 5 financial years. This means the actual investment fees shown on your annual statement or our Annual Report may be higher or lower than the forecasts in the tables below, depending on how your investments perform.
Transaction costs include brokerage, settlement and clearing costs, and stamp duty. Read the Super Savings Accumulation Guide for more information.
Our default option is designed so you don't have to do anything. We automatically change your investment strategy as you age. This means how much you pay depends on how much of your super balance is invested in each of the pools. Learn more.
| Investment pool | Investment fees and costs (p.a) | Transaction costs (p.a.) | Total % (p.a) |
|---|---|---|---|
| High Growth Pool | 0.67% | 0.07% | 0.74% |
| Balanced Pool | 0.59% | 0.06% | 0.65% |
| Cash Pool | 0.07% | 0.00% | 0.07% |
If you want more control over your investment strategy, we have ready-made investment options that you can choose from. They offer diversification by investing in a few different asset classes at once. Learn more.
| Investment option | Investment fees and costs (p.a.) | Transaction costs (p.a.) | Total % (p.a) |
|---|---|---|---|
| High Growth | 0.67% | 0.07% | 0.74% |
| High Growth Index | 0.08% | 0.01% | 0.09% |
| Balanced | 0.59% | 0.06% | 0.65% |
| Balanced Risk-Adjusted | 0.51% | 0.04% | 0.55% |
| Balanced Index | 0.08% | 0.01% | 0.09% |
| Socially Conscious Balanced | 0.59% | 0.06% | 0.65% |
| Unlisted Assets | 1.65% | 0.09% | 1.74% |
| Conservative-Balanced | 0.60% | 0.07% | 0.67% |
| Conservative | 0.56% | 0.07% | 0.63% |
If you want to further diversify your investment strategy, our indexed and single asset class options are separate investment groups you can mix and match to suit your needs and risk profile. Learn more.
| Investment option | Investment fees and costs (p.a.) | Transaction costs (p.a.) | Total % (p.a) |
|---|---|---|---|
| Australian Shares Index | 0.08% | 0.01% | 0.09% |
| International Shares Hedged Index | 0.08% | 0.01% | 0.09% |
| International Shares Unhedged Index | 0.08% | 0.01% | 0.09% |
| Listed Property Index | 0.08% | 0.00% | 0.08% |
| Bonds Index | 0.08% | 0.00% | 0.08% |
| Cash | 0.07% | 0.00% | 0.07% |
If you invested $50,000 in the Super Savings High Growth Pool at the beginning of the year, here's what you could expect to pay.
Additional fees may apply. If you have insurance, premiums will apply.
The above is an example of annual fees and costs for our Lifecycle High Growth option. The investment fees include an estimate of 0.26% for performance fees. Figures are based on an assumption of a 52-week year. The example is illustrative only and based on the assumptions listed. The actual amount of fees and costs can vary depending on your investment option and other factors. See the relevant product disclosure statement (PDS) for full details.
A portion of the administration fees and costs (0.07% p.a.) are paid from our general reserves. This means that in the $50,000 example above, $35 will be taken from our general reserves, not your account.
Investment fees and costs and transaction costs vary accordingly to which investment options you choose. See the relevant PDS for full details.
Do you have super with more than one super fund? You could be paying multiple fees and insurance premiums.
Every cent counts when it comes to your retirement, so why not bring all your super together?2
If you're thinking about transferring the money you have with other funds to us, make sure you read the product disclosure statement or seek personal financial advice before making a decision.
Download the PDSIf your account balance is under $6,000, your fees (including all admin and investment fees and costs, and transaction costs) are capped at 3% of your account balance. We'll refund to you any amount already charged above the cap.
We charge administration fees to help cover the cost of running Australian Retirement Trust. By charging administration fees and costs, we're able to provide you with award-winning products and services.
Investment fees and costs are what we charge to manage each investment option and these include performance fees.
Because most of our investment options are actively managed by us, they may show a higher fee. Some of our diversified and single asset options are passively managed, which means they follow the performance of a broad market index and are not directly managed by us. As a result, they may show a lower fee.
Investment fees and costs are deducted from the daily unit prices, not from your account. For more information, download the Super Savings Investment Guide.
Performance fees are part of your investment fees and costs. We have them in place because we believe they encourage our investment managers to try to deliver outperformance.
While we pay performance fees to some of our external investment managers when they outperform an agreed performance target, if the managers underperform and targets are not met, then no performance fee is earned. As a result, this may change how much you pay in investment fees and costs.
In our product disclosure statement (PDS) and website, we show you an idea of what you might pay in performance fees, which is an average of the last 5 financial years. This means the actual investment fees shown on your annual statement or our Annual Report may be higher or lower than what's in the PDS or on our website.
Transaction costs are different for each investment option. Examples of transaction costs include:
If you're eligible, you may get insurance cover with your super. The cost of insurance (premiums) are taken directly from your account and will change depending on your level of cover, age, and the type of work you do.
Your insurance options
Getting professional help to make a plan now can make a big difference to your financial future – and the cost of advice is included in the admin fees that you pay as a member.
Your advice options
Fees over a lifetime can really add up. Log in to Member Online to check your investment options and calculate how much you're paying in fees.
1 Plus 0.07% paid from our general reserve, not your account. When the admin costs exceed member admin fees collected, these costs are met from our general reserve, not from your account balance or investment returns. We estimated this amount as 0.07% for the year ending 30 June 2024.
2 Please consider if the timing is right to bring your super together, and if you will lose access to benefits such as insurance or pension options, or if there are fee or tax implications. Also, think about where your future employer contributions will be paid.
