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Fees and costs in your Super-savings account

$1.50 per week plus 0.10% p.a.*

 

With a Sunsuper Super-savings account opened for every member when they join Sunsuper, you’ll 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– one of the lowest administration fees in Australia.

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 you’ll pay no entry fees and no commissions.

* Percentage based fee applies to the first $800,000 of your Super-savings account balance only (if your Super-savings 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 Income accounts.

Super-savings account administration fee calculator

Get an approximation of the administration fees and costs you will pay by using our Super-savings account administration fee calculator.

Fees and costs at a glance

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

Type of fee Amount How and when paid
Investment fee

For the Lifecycle Investment Strategy: Estimated base fee of 0.23%p.a.1plus estimated performance-related fee of 0.03%p.a.1, a total of 0.26%p.a.of your account balance.
For Sunsuper's other investment options: Estimated base fee of between 0.06%p.a.1 and 0.33%p.a.1 plus estimated
performance-related fee of between 0%p.a.1 and 0.05%p.a.of your account balance.

Deducted daily from the investment option(s) as part of the calculation of daily unit prices.
Administration fee $1.50per week plus 0.10%p.a.2 of the first $800,000 of your account balance only.
(if your Super-savings 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.
Buy-sell spread Nil Refer to the Sunsuper for life Investment guide [PDF 432MB].
Switching fee Nil n/a 
Exit fee $47 Net amount of $40 deducted when the transaction is processed. 
Advice fee Nil3  n/a
Other fees and costs Refer to the definitions for fees and costs. For insurance fees refer to the Sunsuper for life Insurance guide [PDF 483MB].4
Indirect cost ratio For the Lifecycle Investment Strategy: 0.62%p.a.5
For Sunsuper's other investment options: 0%p.a. - 1.89%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.

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.

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 the Sunsuper for life Corporate Plan 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.

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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