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Fees and costs in your Income account

As a profit for members fund, we strive to keep our fees and costs low so we can pass on the savings to you.

An administration fee will come out of your Income account to cover our administration costs and like most super funds, an investment fee (depending on your investment option) will apply. However, you'll pay no entry, termination or investment switching fees and there’s no additional fee for regular income payments.

Income account administration fees

Members pay a low administration fee of just $1.50 per week plus 0.10% p.a.* for the first $800,000 of your account balance.

If you have an account balance of less than $6,000, administration fees, investment fees and indirect costs will be capped at 3%.

Fees and costs at a glance

The full range of fees and costs associated with an investment in Sunsuper Income accounts are set out below:

Type of fee Amount How and when paid
Investment fee1

For the Retirement investment option: Estimated base fee of 0.23% p.a.2 plus estimated performance-related fee of 0.03% p.a.2, a total of 0.26 % p.a.2 of your account balance.

For Sunsuper's other investment options: Estimated base fee of between 0.07% p.a.2 and 0.32% p.a.2 plus estimated performance-related fee of between 0.00% p.a.2 and 0.12% p.a.2 of your account balance.

Take a look at the breakdown of investment fees and costs for each investment option.

 Deducted daily from the investment option(s) as part of the calculation of daily unit prices.
Administration fee1

$1.50 per week plus

 

 

0.10% p.a. of the first $800,000 of your account balance only.

(If your Income account balance is over $800,000 a nil percent Administration fee applies to the balance over $800,000).

Generally deducted from your account balance weekly.

 

Generally deducted from your account balance monthly.
Buy-sell spread Nil Refer to the Sunsuper for life Investment guide.
Switching fee Nil n/a

Advice fee
Relating to all members investing in Sunsuper for life investment options

 Nil4 n/a
Other fees and costs Refer to the definitions for fees and costs, and the Additional explanation of fees and costs in the Sunsuper for life guide. For insurance fees refer to the Sunsuper for life Insurance guide.5
Indirect cost ratio1 For the Retirement investment option: 0.47% p.a.6
For Sunsuper's other investment options: 0.00% p.a. - 1.61% p.a.6		 Not charged by Sunsuper, but instead incurred within underlying investments and deducted from investment returns prior to calculation of daily unit prices.
 
1If your account balance for a product offered 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.

2Actual investment fees for the full range of investment options may be higher or lower than the costs expressed above. For information on investment fees, including estimated fees for our full range of options, refer to the definitions for fees and costs.

3Some Sunsuper for life Business or Sunsuper for life Corporate plans may have different fee arrangements. Refer to your Sunsuper for life Business Plan information factsheet or your Sunsuper for life Corporate PDS, for more information.

4With the exception of personal advice - refer to the definitions for fees and costs.

5Sunsuper for life Business members should refer to the Sunsuper for life Business Insurance guide and Plan information factsheet.  Sunsuper for life Corporate members should refer to the Sunsuper for life Corporate Plan Guide.

6The indirect cost ratio is calculated using actual costs and reasonable estimates of actual costs incurred and can vary each financial year. For information on indirect cost ratios, including the ratios for our full range of options, refer to the definitions for fees and costs.

NOTE: If you have more than one account with Sunsuper, the fee cap applies to each individual account and is not aggregated across multiple accounts.

Want to learn more?

 If you have a Sunsuper Super-savings account, check out the fees and costs that may apply to your account.

 Take a look at the breakdown of investment fees and costs for each investment option.

 See the definitions for fees and costs.

*Percentage based fee applies to the first $800,000 of your Income account balance only (if your Income account balance is over $800,000 a nil percent Administration fee applies to the balance over $800,000). Does not include investment fees and costs. Different fees apply to Super-savings accounts.