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Fees & costs

As a fully independent, profit-to-members super fund, our fees are competitive; designed to meet the cost of fund operations, and not to maximise profit.

What are our fees?

The fees we charge can be divided into four main categories:

  • Administration fees and costs: charged to run your super account.
  • Investment fees and costs: charged for the professional management of the investments that make up your super.
  • Transaction costs: costs associated with the sale and purchase of assets other than buy-sell spreads.
  • Other fees and costs: other fees like government taxes and charges, operational risk reserve, transactional and operational costs, etc.
Type of fee Amount How and when paid

Administration fees and costs

$1.53 gross ($1.30 net) per week or $67.60 p.a. deducted from your account

Plus

0.588% gross (0.5% net) p.a. deducted from your account, capped at $588 ($500 net) p.a.

Administration fees and costs are deducted from your super account on the last business day of each month.

Investment fees and costs

0.05% to 1.29% of assets p.a. depending on the investment option.

See the table below for a full list of investment fees.

Investment fees and costs are taken into account before the declaration of weekly rates, and is not deducted directly from your account.

Transaction costs

0.00% to 0.15% of assets p.a. depending on the investment option. 

See the table below for a full list of transaction costs.

Transaction costs are taken into account before the declaration of weekly rates, and is not deducted directly from your account. 

Buy-sell spread

Nil

N/A

Switching fee

Nil

N/A

Other fees and costs

Other fees and costs may be payable from your account and these are listed under ‘Additional explanation of fees and costs’ in section 6 of your Member Guide.

Estimated investments fees and costs

Investment option Investment fees and costs (p.a.)1 Transaction costs (p.a.)
MySuper 0.48% (including 0.14% Performance fee) 0.06%
Managed Growth 0.50% (including 0.18% Performance fee) 0.07%
Alternatives 1.05% (including 0.39% Performance fee) 0.02%
Conservative 0.36% (including 0.10% Performance fee) 0.03%
Income Focused 0.54% (including 0.11% Performance fee) 0.06%
SRI Balanced 0.56% (including 0.02% Performance fee) 0.13%
Australian Shares 0.39% (including 0.18% Performance fee) 0.15%
International Shares 0.34% (including 0.08% Performance fee) 0.06%
Property 1.29% (including 0.47% Performance fee) 0.01%
Fixed Interest 0.20% (including 0.00% Performance fee) 0.04%
Cash 0.05% (including 0.00% Performance fee) 0.00%

1 Performance fee is a yearly average usually calculated on the basis of the experience of the Fund over the last 5 financial years up to 30 June 2022 (including estimations made in respect of the last financial year in the absence of final data) and is not indicative of the amount payable in any given year. Past performance fees are not indicative of future performance fees.

*Refer to https://www.primesuper.com.au/member/resources/news/a-top-10-performance-for-our-mysuper-option/