Energy super is run solely for the benefit of our members. We’re a non for profit fund, which means all profits are returned to members, keeping 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.
|Type of fee||Amount||How and when paid|
|$1.00 per week fixed administration fee ($52 p.a. per member account).||The fixed administration fee is deducted monthly in arrears from your account (or when you close your account).|
|No investment switching fee is applied on your first switch each financial year. Any additional switches will cost $28.||The fee is deducted from your account at the time of the switch.|
|Deducted from your account at the time you exit the Fund. This fee is not applicable when transferring between Energy Super products.|
relating to all members investing in a particular MySuper product or investment option.
Other fees and costs1
Other fees and costs may apply depending on the services you use.
Indirect cost ratio2
0.22% p.a. of your account balance capped at $1,100 p.a. for eligible amounts including your linked spouse accounts (percentage-based administration cost3)
|The percentage-based administration cost and investment management costs are deducted daily from Fund earnings before crediting rates are declared.|
1 See the Fees and Other Costs Guide for information about other fees and costs.
2 Indirect cost ratios (ICRs) are an estimate for the 2016/17 financial year based on the tactical asset allocation of each investment option as at 1 July 2016. They include estimated performance costs (where relevant) which are based on an assumption about the extent to which managers are expected to outperform their benchmark. 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.
3 See Fees and Other Costs Guide for information about the cap on administration costs and linking your accounts.