An Accumulation 1 product is easy to manage and you can keep it throughout your working life, even if you leave the higher education sector.
Enjoy all the benefits of being with UniSuper, plus a low administration fee and fee caps for balances under $6,000.
This product is generally open to people on 11% super who join through one of our employers.
Features
Investment choice
Choose from a range of investments, including high growth and sustainable options.
Insurance to suit you
Receive default death and disablement cover (if eligible), with flexible options to suit you.
Fees
Our fees cover the costs of managing your account and investments. Some are deducted directly from your account balance and some from your investment returns.
Different investment options have different costs, so make sure you read the Accumulation 1 Product Disclosure Statement (PDF, 1.1 MB) and the Fees and costs booklet (PDF, 709 KB) for the full details of what you pay and how.
| Type of fee | Amount |
|---|---|
| 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 |
| Transaction costs2,4,5 | 0.09% per year |
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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%.
Find out more about Accumulation 1 in the Product Disclosure Statement (PDF, 1.1 MB) and read if this product has been designed for someone like you in the Target Market Determination (PDF, 171 KB). You can also download the SuperRatings Fundamentals report (PDF, 1.12 MB) to see how SuperRatings rates our Accumulation 1 product.