As a profit for members fund, we strive to keep our costs low so we can pass on the savings to you. Like most super funds, an investment fee depending on your investment option will apply – but we don’t charge you’ll pay no entry, termination or investment switching fees and there’s no additional fee for regular income payments.
* 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.
Income account administration fee calculator
Get an approximation of the administration fees and costs you will pay by using our Income account administration fee calculator.
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|
For the Retirement investment option: Estimated base fee of 0.26%p.a.1plus estimated performance-related fee of 0.04%p.a.1, a total of 0.30%p.a.1 of your account balance.
|Deducted daily from the investment option(s) as part of the calculation of daily unit prices.|
$3.00 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.|
Partial withdrawals: Nil
|Deducted when the transaction is processed.|
|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.4|
|Indirect cost ratio||For the Retirement investment option: 0.50%p.a.5
For Sunsuper's other investment options: 0.00%p.a. - 1.76%p.a.5
|Not charged by Sunsuper, but instead incurred within underlying investments and deducted from investment returns prior to calculation of daily unit prices.|
1Actual 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, and the Additional explanation of fees and costs in the Sunsuper for life guide.
2Some 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.
4 Sunsuper 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 their Sunsuper for life Corporate Insurance guide.
5The 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, and the Additional explanation of fees and costs in the Sunsuper for life guide.
6If you withdraw your full account balance from a Transition to retirement income account and Exit fee of $47 will apply (a net fee of $40 will be deducted). If you withdraw your full account balance from a Retirement income account an Exit fee of $40 will apply.
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.
- If you have a Sunsuper Super-savings account, you can check out the fees and costs that may apply to your Super-Savings account account here.
- Take a look at the breakdown of investment fees and costs for each investment option.
- See the definitions for fees and costs.