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Account information

Check out Sunsuper's simple, easy to use glossary of all the different terms you might come across when researching superannuation. Find a clear and simple definition for anything relating to account information, from superannuation letter of compliance to management expense ratio.

 

Unique superannuation identifier

Every super fund has a unique superannuation identifier or USI that is used to identify the fund when paying or transferring into and out of members’ accounts. When you change jobs, and want to stay with your current superannuation fund, your employer will ask for your fund’s USI. Sunsuper can help you by emailing your new employer a pre-filled form that includes our USI and other details your employer will need to continue paying your super into your Sunsuper account.

 

Superannuation product identification number

Super funds also have a superannuation product identification numbers or SPIN that can also be used to identify the fund when paying or transferring into and out of members’ accounts. In many cases, a fund’s USI is used in place of a SPIN. Sunsuper can help you by emailing your new employer a pre-filled form that includes our USI and other details your employer will need to continue paying your super into your Sunsuper account. 

 

Superannuation letter of compliance

A superannuation letter of compliance is also called a complying fund statement. It is used to provide details about your chosen super fund to your employer. When you change jobs, and want to stay with Sunsuper, we can help you by emailing your new employer a pre-filled form that includes our USI and other compliance details. If you have filled in the ATO’s standard choice form, your employer may ask for a letter of compliance. Sunsuper can also generate this for you

 

Management expense ratio

Superannuation investment fees are sometimes called management expense ratios (MER). Sunsuper’s investment fees are charged as a percentage of your super balance. Sunsuper reports investment fees in two components: the base fee and the performance-related fee.  

 

Administration fees

Superannuation fund administration fees cover the cost of operating the super fund and managing member accounts. Super funds can charge their members administration fees as a fixed amount per week, month or year, and/or as a percentage of the member’s balance. Sunsuper’s weekly administration fee is among the lowest you’ll find. You can see how we compare with other funds using the independent comparison tool AppleCheck.