With low fees and no hidden costs, we pride ourselves on our transparency so that you can keep track of your savings with super.

Which fees you pay on your ElectricSuper account depends on which Division you are in. Any fees that members don't pay are paid by the employers. Investment management fees are the fees that our investment managers charge us to make the investments ElectricSuper has. Administration fees are the costs of running ElectricSuper. Both the investment management fees and the administration fees are deducted from the interest rate before we credit the returns to your account. Insurance premiums are deducted from Accumulation (Division 5) accounts. The table below shows which Divisions of ElectricSuper pay which fees:

Division Investment management fee Administration fee Insurance premiums

2 (Lump Sum)

Yes

Yes

No

3 (Pension)

Yes

Yes

No

4 (RG)

Yes

Yes

No

5 (Accumulation)

Yes

No

Yes

ONGOING MANAGEMENT COSTS AMOUNT HOW AND WHEN PAID

Administration Fee for Division 5 (Accumulation Scheme)

Nil

N/A (paid by the ElectricSuper Participating Employers).

Administration Fee for Divisions 2, 3 and 4

Some administration costs are deducted from the crediting rate as determined by the ElectricSuper Actuary.

Deducted from gross investment earnings before they are credited to your account.

Investment
Management Fee

This fee is a percentage of your account balance depending on the investment option selected.

Currently the fees are:
High Growth 0.68%
Balanced Growth 0.63%
Conservative Growth 0.53%
Cash 0.14%

(effective 30 June 2024)

Division 2, 3 and 4 members also incur an additional 0.07% fee for Board admin expenses

Deducted from gross investment earnings before they are credited to your account

TRANSACTION FEES AMOUNT HOW AND WHEN PAID

Entry Fee

Nil

N/A

Lump Sum Withdrawal Fee

Nil

N/A

Rollover Fee

Nil

N/A

Contribution Splitting Fee

Nil

N/A

Account Closure Fee

Nil

N/A

Investment Switching Fee

Nil

N/A

Binding Nomination Fee

Nil

N/A

Family Law Act Information Request

Nil

N/A

Family Law Act Splitting Fee

Nil

N/A

What's next?

Investment performance

Compare the performance of our investment options over the last 10 years.

How much super will I need?

Find out how much you’re likely to need to enjoy the lifestyle you want in retirement.

Contributions

It’s never too early or too late to grow your super by making contributions.

What our members say

“I gained a better understanding of my current superannuation position, other superannuation products available to me & general retirement options.”

About us

We are a not-for-profit industry superannuation scheme for employees in the electricity supply industry and their spouses. Find out more about us.

Learn more

Come and talk to us

Get your super sorted with a face to face consultation.

No cost. Start growing your super today.