Energy super is run solely for the benefit of our members. We’re a not-for-profit fund, which means all profits are returned to members, keeping your fees and costs to a minimum.
You can learn more about fees and costs that apply to your Energy Super Defined Contribution or Defined Benefit Accumulation account from the link below.
For more information on fees you can also read our Fees and Other Costs Guide call our contact centre on 1300 436 374 or email us.
Fees overview
Energy Super Defined Contribution
Type of fee | Amount | How and when paid |
|---|---|---|
Investment fee1 | 0.06% - 0.48% p.a depending on the investment option. | The investment fees accrue daily and are deducted from the unit price for the relevant investment option you are invested in. |
Administration fee1 | $1.00 per week fixed administration fee ($52 p.a. per member account). PLUS 0.18% p.a. of the member account | The fixed administration fee is deducted monthly in arrears from your account (or when you close your account). The percentage fee (indirect administration fee) is deducted from investment returns. This fee is capped at $900 p.a. for eligible amounts including your linked spouse accounts2. |
Buy-sell spread | Nil. | Not applicable. |
Switching fee | If you make a switch using a Change of Investment Choice Form, no investment switching fee is applied on your first switch each financial year. Any additional switches will cost $28. Investment switching is free if you make your switch through your Member Online account. | The fee is deducted from your account at the time of the switch. |
Exit fee | Nil | Not applicable. |
Advice fees relating to all members investing in a particular MySuper product or investment option. | Nil. | Not applicable. |
Other fees and costs2 | Other fees and costs may apply depending on the services you use. | |
Indirect cost ratio1,4 | 0.00% - 1.03% p.a. depending on the investment option. | The costs included in the indirect cost ratio (ICR) are deducted from the unit price for the relevant investment option that you are invested in. |
Please see the below investment fees breakdown for the indirect admin fee applicable to an Income Stream account.
Investment option fee breakdown
-
Accumulation Accounts
Option
Administration fee
Investment Fee
Indirect Cost Ratio
Total indirect
fees and costs
Base amount
Performance based
MySuper (default)
0.18%
0.25%
0.08%
0.38%
0.89%
Cash Enhanced
0.18%
0.10%
0.00%
0.02%
0.30%
Stable
0.18%
0.17%
0.04%
0.27%
0.66%
Fixed Interest
0.18%
0.14%
0.00%
0.13%
0.45%
Capital Managed
0.18%
0.19%
0.05%
0.29%
0.71%
Balanced
0.18%
0.25%
0.07%
0.35%
0.85%
Indexed Balanced
0.18%
0.06%
0.00%
0.00%
0.24%
SRI Balanced
0.18%
0.06%
0.00%
1.03%
1.27%
Growth
0.18%
0.27%
0.08%
0.33%
0.86%
International Shares
0.18%
0.28%
0.20%
0.13%
0.79%
Australian Shares
0.18%
0.29%
0.01%
0.08%
0.56%
-
Income Stream Accounts
Option
Administration fee
Investment Fee
Indirect Cost Ratio
Total indirect
fees and costs
Base amount
Performance based
Cash Enhanced
0.22%
0.10%
0.00%
0.02%
0.34%
Stable
0.22%
0.17%
0.04%
0.27%
0.70%
Fixed Interest
0.22%
0.14%
0.00%
0.13%
0.49%
Capital Managed
0.22%
0.19%
0.05%
0.29%
0.75%
Balanced
0.22%
0.25%
0.07%
0.35%
0.89%
Indexed Balanced
0.22%
0.06%
0.00%
0.00%
0.28%
SRI Balanced
0.22%
0.06%
0.00%
1.03%
1.31%
Growth
0.22%
0.27%
0.08%
0.33%
0.90%
International Shares
0.22%
0.28%
0.20%
0.13%
0.83%
Australian Shares
0.22%
0.29%
0.01%
0.08%
0.60%
See Fees and Other Costs Guide for more information on this and other fees and costs.
1From 1 July 2019, a 3% fee cap will apply to the total of all administration fees, investment fees and indirect costs for defined contribution accounts with a balance of less than $6,000. It will be applied by a rebate of any such fees in excess o3f % of your defined contribution/income stream account balance, calculated at 30 June each year or when you exit the Fund. The cap doesn’t include insurance costs and does not apply to Defined Benefit accounts.
2 See the Fees and Other Costs Guide for information about the cap on administration fee and linking your accounts.
3 Investment fees and Indirect cost ratios (ICRs) are derived from costs incurred in 2018-2019, and are based on the information available to the Trustee for that financial year. They include estimates where actual costs are not available. They include performance fees (where relevant). They do not include an amount for Property Operating Costs which are estimated to be between 0.00% and 0.12%, nor Borrowing Costs which are estimated to be between 0.00% and 0.09% depending on the investment option. The actual costs for this and future financial years may be different. Updated estimates are posted on our website from time-to-time when updated information becomes available. Actual costs for each year are disclosed in our Annual Report.