Fees

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Fees

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 0.69% Balanced Growth 0.65% Conservative Growth 0.54% Cash 0.15% (effective 30 June 2023) 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

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 0.69%
Balanced Growth 0.65%
Conservative Growth 0.54%
Cash 0.15%

(effective 30 June 2023)

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