Low fees are important, because the less you pay in fees, the more money you have in your account working for your future.
That's why it's good to know as a QSuper member you pay one of the lowest management fees of any super fund in Australia.1 There are also no entry fees, no exit fees and we don't pay commissions.
Accumulation & QSuper Pension accounts
Estimated management fees2 for 2011/2012
| Option |
Administration fee % |
Investment fee % |
Performance fee % |
Total % |
Total $ ^ |
| QSuper Balanced (Default) |
0.19% |
0.34% |
0.12% |
0.65% |
$65 |
| QSuper Moderate |
0.19% |
0.21% |
0.06% |
0.46% |
$46 |
| QSuper Socially Responsible |
0.19% |
0.71% |
0.02% |
0.92% |
$92 |
| QSuper Indexed Mix |
0.19% |
0.16% |
0.07% |
0.42% |
$42 |
| QSuper Aggressive |
0.19% |
0.41% |
0.14% |
0.74% |
$74 |
| Cash |
0.19% |
0.08% |
0.00% |
0.27% |
$27 |
| Diversified Bonds |
0.19% |
0.17% |
0.06% |
0.42% |
$42 |
| International Shares |
0.19% |
0.08% |
0.00% |
0.27% |
$27 |
| Australian Shares |
0.19% |
0.08% |
0.00% |
0.27% |
$27 |
QSuper deducts administration, investment and performance fees on a daily basis from the unit price relevant to your investment option/s, before unit prices are declared.
The cost of managing your account is split into three components:
- Administration fee
This is the fee deducted by QSuper to cover the costs incurred in managing your super.
- Investment fee
This is the fee deducted by QSuper to pay investment managers for managing the assets within each investment option.
- Performance fee
This is the fee deducted by QSuper to pay investment managers who outperform an agreed return target.
Other fees
| Fee |
Amount |
Establishment fee
The fee to open your investment |
Nil |
Contribution fee
The fee on each amount contributed to your investment by either you or your employer |
Nil |
Withdrawal fee
The fee on each amount you take out of your investment |
Nil |
Termination fee
The fee to close your investment |
Nil |
Investment switching fee
The fee for changing investment options |
Nil |
Insurance
Premiums for insurance cover are also deducted from your account, unless you have elected to opt out of insurance coverage.
Find out more about insurance coverage and premiums.
Defined Benefit accounts
The QSuper Defined Benefit account provides a benefit based on a multiple times salary, so neither fees nor investment returns directly affect your benefit.
Insurance costs are also factored into the benefit formula of the account and there is no direct cost to you.
If you have purchased additional insurance cover, these premiums are calculated as a weekly cost per unit of insurance and are deducted quarterly from your attached Accumulation account.