Fees

Benedetta Vulcani

We work exclusively for you so our fees are among the most competitive you’ll find.

Our fees cover the costs of managing your account and investments. We don’t charge set-up or exit fees, we don’t pay our advisers commissions, and we don’t pay shareholders dividends.

Accumulation 1, Accumulation 2 and Personal Account

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Below is a summary of our main fees for the Balanced (MySuper) investment option. Read the relevant product disclosure statement for the full details of our product fees, including how and when they're paid.

TYPE OF FEE OR COST AMOUNT
Administration fee The lesser of $96 per year or 2% of your account balance per year
(no more than $8 per month)
Investment fee 0.38%* per year

Indirect cost ratio (ICR) 0.16%* per year
Investment switching fee $0 for the first switch per account each financial year.

Each subsequent switch within that financial year is $11.10.

*The investment fee and ICR shown in the table are indicative only and are based on the ICR and investment fee for the Balanced investment option for the year ended 30 June 2018, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees, costs and taxes incurred by the Trustee in managing the investment option. See more about investment costs. From 1 October 2018 we anticipate an increase in the investment fee of an additional 0.03% (excluding Cash and Australian Bond options) and a reduction of the ICR of 0.03% on the basis that the funding of the Operational Risk Reserve will reduce from 0.06% to 0.03% although as the investment fees and ICR shown are estimates, they may increase or decrease depending on the actual fee and costs incurred.

Defined Benefit Division

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Below is a summary of our main fees for Defined Benefit Division accounts and the Balanced investment option (accumulation component). Read the product disclosure statement for the full details of our product fees, including how and when they're paid.

TYPE OF FEE OR COST AMOUNT
Administration fee $221 per year.1

Administration costs are allowed for in the DBD formula and are not deducted directly from your account. We currently deduct $221 from the assets of the DBD pool to meet the administration costs associated with your DBD account.1
Investment fee
(accumulation component)
0.38%2 per year
Indirect cost ratio (ICR)3
(accumulation component)
0.16%per year
Investment switching fee $0 for the first switch per account each financial year.

Each subsequent switch within that financial year is $11.10.

1 Government regulations require this fee to be stated here. It is, however, notional only, in that it is not deducted from your account or benefit when paid. It may be indirectly relevant to your final benefit in that it is deducted from the pool of money used to fund all defined benefits and could therefore be a contributing factor if UniSuper were to be unable to cover defined benefits (see Risks associated with defined benefits).

2 The investment fee and ICR shown in the table are indicative only and are based on the ICR and investment fee for the Balanced investment option for the year ended 30 June 2018, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees and costs incurred by the Trustee in managing the investment option. From 1 October 2018 we anticipate an increase in the investment fee of an additional 0.03% (excluding Cash and Australian Bond options) and a reduction of the ICR of 0.03% on the basis that the funding of the Operational Risk Reserve will reduce from 0.06% to 0.03% although as the investment fee and ICR shown are estimates, they may increase or decrease depending on the actual fee and costs incurred. The amounts of investment fees and ICRs for other investment options are set out on page 30, and these are paid at the same frequency and in the same manner as the Balanced investment option. For further details, refer to page 30 in the product disclosure statement.

3  The indirect cost ratio (ICR) for the defined benefit component is allowed for in the formula used to calculate your defined benefit.


Flexi Pension

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Below is a summary of our main fees for the Balanced investment option. Read the Your guide to pensions - Flexi Pension PDS (PDF, 2.79MB) for the full details of our product fees, including how and when they're paid.

TYPE OF FEE OR COST AMOUNT
Administration fee $96 per year ($8 per month)

PLUS

0.16% per Flexi Pension account, capped at $1,250 per account per financial year.

Investment fee

0.31% per year.1

Indirect cost ratio (ICR)

0.10% per year.1
Investment switching fee $0 for the first switch per account each financial year.

Each subsequent switch within that financial year is $11.10.

1 The investment fees and ICRs shown above are indicative only and are based on the ICRs and investment fees for this investment option for the year ended 30 June 2018, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees, costs and taxes incurred by the Trustee in managing the investment options. From 1 October 2018, we anticipate an increase in the investment fee of an additional 0.03%. The amounts of investment fees and ICRs for other investment options are set out in the 'Fees and costs' section of Your guide to pensions - Flexi Pension PDS (PDF, 6MB), and are paid at the same frequency and in the same manner as the Balanced investment option. See more about investment costs.

2 This super account can be either an Accumulation 1 or 2, Defined Benefit Division or Personal Account.

Flexi Pension - TTR

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Below is a summary of our main fees for the Balanced investment option. Read the Your guide to pensions - Flexi Pension PDS (PDF, 2.79MB) for the full details of our product fees, including how and when they're paid.

TYPE OF FEE OR COST AMOUNT
Administration fee1 $0 for each TTR pension

Investment fee1

0.38% per year2

Indirect cost ratio (ICR)1,2,3

0.16% per year1,3

Switching fee $0 for the first switch per account each financial year.

Each subsequent switch within that financial year is $11.10.

1 TTR pensions ceases to be paid under TTR rules once you reach age 65 or notify us that you’ve satisfied a condition allowing unrestricted access to super prior to age 65. When a TTR pension ceases to be paid under TTR rules, administration fees, investment fees and ICR will be charged as a standard Flexi Pension member.

2The investment fee and ICR shown above are indicative only and are based on the investment fee and ICR for this investment option for the year ended 30 June 2018, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees and costs incurred by the Trustee in managing the investment option. From 1 October 2018, we anticipate an increase in the investment fee of an additional 0.03% (excluding the Cash and Australian Bond investment options). For TTR members, the amounts of investment fees and ICRs for other investment options are set out in the ‘Fees and other costs’ section of the  Your guide to pensions - Flexi Pension PDS (PDF, 6MB).

3From 1 October 2018, we anticipate a reduction of the ICR of 0.03% on the basis that the funding of the Operational Risk Reserve will reduce from 0.06% to 0.03% although as the investment fees and ICR shown are estimates only, they may increase or decrease depending on the actual fee and costs incurred.

Indexed Pensions

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Below is a summary of our main fees for the Defined Benefit Indexed Pension and the Commercial Rate Indexed Pension. For the full details of our fees and costs, including how and when they're paid, read the relevant product disclosure statement.

TYPE OF FEE OR COST AMOUNT
Investment fee $0
Administration fee $301 per year. This figure is generally indexed each 1 July.
Buy-sell spread $0
Switching fee $0
Exit fee $0
Indirect cost ratio $0


Other fees and costs

Advice

UniSuper Advice charges a fee for service. Depending on the type of advice you get, you may be able to deduct it from your UniSuper account. We don’t pay our advisers commissions. Find out about our advice services and costs.

Insurance

If you have insurance with your super, your premium is deducted from your account. Log in to your account to see your insurance premiums or download the Insurance in your super booklet (PDF, 1.5MB) for full details of all of our insurance products.

See how we compare

Find out how UniSuper measures up to more than 150 other super funds and over 100 pension funds with the Chant West AppleCheck reports.

We're here to help

If you have any questions about our fees, call us on 1800 331 685 or email us.