Fees & costs

Fees & costs

What it costs to be a CareSuper member

While we work hard to keep our costs low, we’re driven by results – not by being the cheapest. Because we know that when it comes to your super it’s the overall benefit to you that counts. 

 

This page shows what fees you’ll pay when you join, while you’re with us and if you leave.

For full details of our fees and costs make sure to read your product disclosure statement

Fees when you join CareSuper
Fees while you have a super account
Fees that come out of your super account
Admin fee

$78 per year plus 0.19%1 of your account balance per year (up to an annual cap of $500). These fees are deducted monthly.

1 If you have insurance cover or take up one of our extra products or services (like financial planning), extra fees may be deducted from your account. See Fees for other products and services for details.

Fees that are applied to daily unit prices
Investment fees and indirect cost ratios   

These fees depend on the investment option (or options) you’re invested in. They’re made up of an investment fee plus an indirect cost ratio (ICR).

These fees are calculated annually as a percentage of the money you have in your investment options. They're not deducted directly from your account, but instead applied to the daily unit prices for each option.

The amounts shown are estimates only based on investment costs for the 2017/18 financial year.

Investment option

Investment fee

Indirect cost ratio

Total fee

Capital Guaranteed

0.03%

0.31%

0.34%

Capital Stable

0.14%

0.33%

0.47%

Conservative Balanced

0.18%

0.36%

0.54%

Balanced

0.22%

0.64%

0.86%

Sustainable Balanced

0.06%

0.78%

0.84%

Alternative Growth

0.21%

0.58%

0.79%

Growth

0.26%

0.63%

0.89%

Capital Secure

0.06%

Nil

0.06%

Direct Property

0.03%

0.77%

0.80%

Fixed Interest

0.05%

0.19%

0.24%

Australian Shares

0.50%

0.09%

0.59%

Overseas Shares

0.25%

0.43%

0.68%

Buy–sell spreads         

When you transact in an option (e.g. by contributing to your super, switching from one investment option into another or withdrawing money from your super), ‘buy–sell spreads’ are applied to determine the buy price and sell price for the option (or options) you’re transacting in. The buy–sell spreads for each of our Managed and Asset class options are set out below.

Investment option

Buy

Sell

Capital Guaranteed

Nil

Nil

Capital Stable

0.03%

0.03%

Conservative Balanced

0.04%

0.04%

Balanced

0.05%

0.05%

Sustainable Balanced

0.05%

0.05%

Alternative growth

0.08%

0.08%

Growth

0.06%

0.06%

Capital Secure

Nil

Nil

Fixed Interest

Nil

Nil

Direct Property

0.45%

0.45%

Australian Shares

0.06%

0.06%

Overseas Shares

0.07%

0.07%

Fees while you have a pension account
Fees that come out of your pension account
Admin fee 

$78 per year plus 0.19%1 of your account balance per year (a cap of $750 applies per year from 30 March 2019). These fees are deducted monthly.

1 If you take up one of our extra products or services (like financial planning), extra fees may be deducted from your account. See Fees for other products and services for details.

Fees that are applied to daily unit prices
Investment fees and indirect cost ratios

These fees depend on the investment option (or options) you’re invested in. They’re made up of an investment fee plus an indirect cost ratio (ICR).

These fees are calculated annually as a percentage of the money you have in your investment options. They're not deducted directly from your account, but instead applied to the daily unit prices for each option.

The amounts shown are estimates only based on investment costs for the 2017/18 financial year.

Investment option

Investment fee

Indirect cost ratio

Total fee

Capital Guaranteed (Pension)

0.03%

0.30%

0.33%

Capital Stable (Pension)

0.14%

0.33%

0.47%

Conservative Balanced (Pension)

0.19%

0.35%

0.54%

Balanced (Pension)

0.22%

0.61%

0.83%

Sustainable Balanced (Pension)

0.06%

0.70%

0.76%

Alternative Growth (Pension)

0.22%

0.53%

0.75%

Growth  (Pension)

0.27%

0.56%

0.83%

Capital Secure  (Pension)

0.06%

Nil

0.06%

Direct Property  (Pension)

0.03%

0.51%

0.54%

Fixed Interest  (Pension)

0.05%

0.19%

0.24%

Australian Shares  (Pension)

0.50%

0.07%

0.57%

Overseas Shares  (Pension)

0.25%

0.41%

0.66%


Buy–sell spreads

When you transact in an option (e.g. by contributing to your super, switching from one investment option into another or withdrawing money from your super), ‘buy–sell spreads’ are applied to determine the buy price and sell price for the option (or options) you’re transacting in. The buy–sell spreads for each of our Managed and Asset class options are set out below.

 

Investment option

Buy

Sell

Capital Guaranteed

Nil

Nil

Capital Stable

0.03%

0.03%

Conservative Balanced

0.04%

0.04%

Balanced

0.05%

0.05%

Sustainable Balanced

0.05%

0.05%

Alternative growth

0.08%

0.08%

Growth

0.06%

0.06%

Capital Secure

Nil

Nil

Fixed Interest

Nil

Nil

Direct Property

0.45%

0.45%

Australian Shares

0.06%

0.06%

Overseas Shares

0.07%

0.07%

Fees for other products and services
Direct Investment option fees
Admin fee

$10 per month.

Brokerage fee

Brokerage will either be added to the cost of your trade when you buy, or deducted from the sale proceeds when you sell, based on the trade amount.

Trade amount

Brokerage fee (including GST)

$0 - $20,000

$22.00

$20,001 - $10,000,000

0.11%


Other potential DIO fees

Other fees may apply to your account, for example if you break a term deposit before maturity or request a tax calculation. Specific fees may also apply if you choose to invest in exchange-traded funds (ETFs) or listed investment companies (LICs). Learn more in Fees and other costs or the Pension Guide PDS.

Insurance fees

Fees (or ‘premiums’) to cover any insurance you have with us. These are deducted from your account each month. 

See your Insurance Guide for more details. 

Advice fees

You can get financial advice2 about super-related topics over the phone as part of your membership at no extra cost.

If you’re after a comprehensive financial plan, you can meet with one of our financial planners. The initial obligation-free consultation is at no extra cost. If you decide to go ahead with complex advice, your planner will let you know what fees apply.

Guaranteed Income product fees
Lifetime account admin fee  

0.15% p.a. of initial investment amount.

This fee is included in the calculation of your income payments (not deducted directly from your account or from your regular payments).

 

Fixed term account admin fee  

Accounts with a residual capital value 100% (RCV100)
- 0.20% p.a. of your initial investment amount

Accounts with a residual capital value between 0% and 99% (RCV0-99)
- 0.20% p.a. of your reducing initial investment amount3

This fee is included in the calculation of your regular payments (not deducted directly from your account or from your regular payments).

 

See the Guaranteed Income PDS for more details.

Fees if you leave CareSuper

1 The percentage-based administration fee is an estimate only based on administration costs for the 2017/18 financial year.

2 Financial advice obtained over the phone, or through MemberOnline, is provided by Mercer Financial Advice (Australia) Pty Ltd (MFAAPL) ABN 76 153 168 293, Australian Financial Services Licence #411766.  Comprehensive advice is provided by one of our financial planners who are either Representatives or Authorised Representatives of Industry Funds Services Limited (IFS). IFS is responsible for any advice given to you by its Representatives and Authorised Representatives. Industry Fund Services Limited ABN 54 007 016 195 AFSL 232514.

3 The initial investment is reduced after each regular income payment by an amount calculated as: initial investment minus any residual capital value, divided by the total number of income payments in the investment term.