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Fees and costs in your Income account

$3.00 per week plus 0.10% p.a. of your account balance*

 

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
Investment fee

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.of your account balance.
For Sunsuper's other investment options: Estimated base fee of between 0.06%p.a.1 and 0.32%p.a.1 plus estimated performance-related fee of between 0.00%p.a.1 and 0.07%p.a.of your account balance.

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

$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.
Switching fee Nil n/a 
Exit fee

Partial withdrawals: Nil
Full withdrawals: Transition to retirement: $47and Retirement $40

Deducted when the transaction is processed. 
Advice fee Nil3  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.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.

3With the exception of personal advice - refer to the definitions for fees and costs, and the Additional explanation of fees and costs in the Sunsuper for life guide.

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.


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