Our fees cover the costs of managing your account and investments. Some are deducted from your account balance and some from your investment returns.
|Type of fee
|Administration fees and costs1
|$96 or 2% of your account balance (whichever is less) per year (maximum $8 per month).
|Investment fees and costs2,3,4
|0.42%1 per year
|0.09% per year
Things you need to know
1 If your account balance is less than $6,000 at the end of UniSuper's income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.
2 The investment fees and costs and transaction costs shown are indicative only and are based on the investment fees and costs and transaction costs for the year ended 30 June 2023, 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. Investment fees and costs include an amount of 0.03% for performance fees. The calculation basis for this amount is set out in the product disclosure statement. See more about investment costs.
3 Refer to ‘Additional explanation of fees and costs’ in the product disclosure statement.
4 The investment fees and costs and transaction costs for other investment options are set out in the product disclosure document. They are calculated on the same basis, and paid at the same frequency and in the same manner as the Balanced investment option.
5 For the financial year ended 30 June 2024, the investment fees and costs for this option are expected to increase by 0.07%.
How to transfer to Accumulation 2
You can transfer to the Accumulation 2 product from the Defined Benefit Division (DBD) any time within 2 years of joining. Remember, you can only make this choice once.
If you do transfer, you can’t go back the DBD.
If you’re unsure what’s best for you, we recommend contacting us or seeking financial advice before making your decision