Competitive fees

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When shopping around for a super fund, people usually compare investment returns, but often don’t compare fees and costs. The difference in fees and costs can be astounding – in some cases you can save thousands of dollars over the life of your super. It’s important to check where your fees are going as well. Are they paid to administer the fund or will some of your fee also provide a profit to shareholders? CareSuper is a profits-for-members fund, so investment earnings are put back into the fund for the benefit of members. And your fees will be used to cover costs rather than make a profit.

Check out the real benefit of being a CareSuper member here.

We can help generate an independent super fund comparison specific to your needs and circumstances. You can even select the funds you would like to compare. Call the CareSuperLine on 1300 360 149 to arrange a comparison.

For detailed information on fees, please read Fees and other costs.

Fees deducted from your CareSuper account

Type of fee Amount and frequency

Entry/joining fee


Administration fee

$78 per year ($1.50 per week), calculated weekly or on full withdrawal
0.15% to 0.20% of your account balance per year (a cap of $500 per year applies), calculated monthly or on full withdrawal.

The percentage-based fee is reviewed at the end of each financial year and may change within the range shown.

These fees are deducted monthly from your account or on full withdrawal.

Exit fee

Applies to all partial and full withdrawals out of the Fund, but not transfers from one CareSuper account to another CareSuper account (such as a pension account). This fee is deducted from your account or the withdrawal amount at the time of withdrawal.

Buy–sell spread

A buy–sell spread applies to some of CareSuper's investment options. These fees are reflected in the weekly unit prices. Please read the information below to find out more.

Switching fee

$0. However buy and sell costs may apply when switching between Managed or Asset Class investment options. See below.

Family law splitting fee

Equally shared by both parties to the family law split. The fee is deducted from your account at the time a family law split is processed. An exit fee may also apply.

CareSuper charges no fees on contributions or transfers to CareSuper.

Fees deducted from your investment options before returns are calculated

These fees form part of the weekly unit price calculation and are not deducted directly from your account. Base ICRs are deducted proportionately over the year from investment earnings and reflected in the calculation of unit prices. Performance ICRs are deducted from investment earnings and reflected in the calculation of unit prices once relevant performance objectives have been met. The figures shown are based on estimate calculations for the 2015/16 year.

Managed options Base ICR Performance ICR Total ICR
Capital Guaranteed 0.35% 0.00% 0.35%
Capital Stable 0.38% 0.08% 0.46%
Conservative Balanced 0.43% 0.10% 0.53%
Balanced (MySuper) 0.64% 0.22% 0.86%
Sustainable Balanced 0.80% 0.20% 1.00%
Alternative Growth 0.58% 0.17% 0.75%
Growth 0.64% 0.21% 0.85%


Asset Class options Base ICR Performance ICR Total ICR
Capital Secure 0.06% 0.00% 0.06%
Fixed Interest 0.21% 0.00% 0.21%
Direct Property 0.66% 0.00% 0.66%
Australian Shares 0.31% 0.12% 0.43%
Overseas Shares 0.55% 0.05% 0.60%

While the Trustee’s focus is on net returns, minimising investment costs is an ongoing goal for CareSuper. 

CareSuper has always sought to demonstrate best practice and transparency around disclosure of all costs, including those relating to investments. One component of the ICR relates to manager costs which are incurred when a fund manager appointed by CareSuper in turn invests in a number of investment managers (referred to as ‘fund of funds’). This is an additional layer of costs that may not be disclosed by some super funds and may be why CareSuper’s ICR may appear higher than that of other funds. CareSuper considers full disclosure of these costs as best practice and expects that more funds will report these fund of funds costs in the future.

The ICR varies according to the investment option. These costs are not deducted directly from an account but are deducted over the year from unit prices. Performance costs are deducted from unit prices as relevant investment manager performance objectives are met.

Fees specific to investments in the Direct Investment option

The Direct Investment option allows you to invest your super in a range of listed securities and term deposits. Find out more.

Type of fee Amount and frequency
Direct Investment option administration fee

$25 per month.
The fee is calculated and deducted monthly on the last Friday of every month for members registered in the Direct Investment option. It is payable monthly as long as your cash account is open, even if your cash account balance is zero.

Direct Investment option brokerage fees
Trade amount   Brokerage fee
$0 – $4167 $13.75
$4168 – $10,000 0.33%
$10,001 – $30,000 0.22%
$30,001 – $50,000 0.20%
$50,001 – $100,000 0.17%
$100,001 – $10,000,000 0.11%

Brokerage is an additional fee paid at the time of trade and applies to all listed security trades.

Brokerage will either be:

  • Added to the cost on purchase, or
  • Deducted from the sale proceeds, of each transaction.

Brokerage fees in the above table have been rounded up to 2 decimal places.

Fee for breaking a term deposit prior to maturity

If you hold a term deposit in the Direct Investment option and you request to break it before it matures, the term deposit provider may charge a fee or reduce the interest you receive. Contact CareSuper to find out more about the specific fee or interest reduction that may be charged by a particular term deposit provider.

A request to break a term deposit before it matures is subject to the approval of the term deposit provider and the Term Deposit Terms and Conditions (available through Direct Investment Online). A notification period may be required which, combined with processing times, may result in a significant time before you can access your funds. Any request to break a term deposit before the agreed maturity date must be made directly to CareSuper in writing.

Find out more about breaking a term deposit in the Investment Guide.

Investment fees applicable
to exchange-traded
funds (ETFs) and
listed investment
companies (LICs)

0.07% – 1.77% p.a. These fees are not deducted directly from your account and are reflected in the value of the ETF or LIC investment or its returns. The fees paid will depend on the ETF(s) or LIC(s) selected by individual members.

Tax calculation fee $150 one-off fee applies if you request that CareSuper calculates any tax adjustments you are owed when you sell your investments in the Direct Investment option and leave CareSuper before the end of financial year tax adjustment.

Transaction and operational costs (buy–sell spread)

To ensure equity among all members, a buy–sell spread may apply on all transactions affecting your account (including contributions, investment switches, fee deductions and withdrawals) depending on the investment option. The purpose of a buy–sell spread is to ensure transaction costs incurred in buying or selling assets are fairly allocated between members. Only members who actually make transactions pay the cost of buying and selling the corresponding assets.

This fee is not applied directly to your account. It is the margin (or ‘spread’) between the weekly buy and sell price for an investment option, and is reflected in the weekly unit prices.

Updated buy–sell spreads will be available here. We will review buy–sell spreads at least once every two years, and reserve the right to change buy–sell spreads in the future.

Investment option Buy¹ Sell¹
Capital Guaranteed 0.00% 0.00%
Capital Stable 0.03% 0.03%
Conservative Balanced 0.04% 0.04%
Balanced (MySuper) 0.05% 0.05%
Sustainable Balanced 0.09% 0.09%
Alternative Growth 0.08% 0.08%
Growth 0.06% 0.06%
Capital Secure 0.00% 0.00%
Fixed Interest 0.00% 0.00%
Direct Property 0.45% 0.45%
Australian Shares 0.06% 0.06%
Overseas Shares 0.07% 0.07%

Effective as at 1 July 2017
If you invest money into, or take money out of a Managed or Asset Class investment option, you will pay the ‘buy’ or 'sell' spread shown here. This amount will be incorporated into the buy unit price, and not charged separately.


For detailed information on fees, please read the Member Guide PDS and Fees and other costs. If you are a member of a Corporate insurance arrangement, please consult your relevant PDS for details. 

This website contains general advice, not taking into account your objectives, financial situation or needs. Before acting on this advice you should determine if it is appropriate for you. Before acquiring a product, first read its product disclosure statement. Some products and services offered on this website are provided by third parties. The trustee is not responsible for the products or services, views or actions of these third parties. Terms and conditions may apply which should be obtained from the third parties direct. The trustee does not accept liability if loss or damage is incurred from the acquisition of third party products or services. Past performance is not a reliable indicator of future performance and you should consider other factors before choosing a fund or changing your investments. CARE Super Pty Ltd (Trustee) ABN 91 006 670 060 AFSL 235226 CARE Super (Fund) ABN 98 172 275 725
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