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Fees
Fees

Fees

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 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 4 ENERGY (1300 436 374) or email us.

Fees Overview

Energy Super Defined Contribution

Type of fee Amount How and when paid

Investment fee

0.06% - 0.58% p.a depending on the investment option

The investment fees accrue daily and are deducted from the unit price or crediting rate for the relevant investment option you are invested in.

Administration fee

$1.00 per week fixed administration fee ($52 p.a. per member account).

PLUS 0.22% 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. Your deductions will be capped at $1,100 p.a. for eligible amounts including your linked spouse accounts1.

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

$65

Deducted from your account at the time you exit the Fund. This fee is not applicable when transferring between Energy Super products.

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 ratio3

0.01% - 1.29% p.a. depending on the investment option.

The costs included in the indirect cost ratio (ICR) are deducted from the unit price or crediting rate for the relevant investment option that you are invested in.

1 See the Fees and Other Costs Guide for information about the cap on administration fee and linking your accounts.

See Fees and Other Costs Guide for information about other fees and costs.

3 Investment fees and Indirect cost ratios (ICRs) are derived from costs incurred in 2016-2017, 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 0.30%, nor Borrowing Costs which are estimated to be between 0.00% and 0.07% 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.