QSuper fees breakdown
The cost of managing your account is split into administration fees, investment fees, and indirect costs. We calculate and take the fees and costs out before we declare the unit price, every working day.
Administration fee
QSuper's capped administration fee covers the general cost of managing your super.
This includes the cost of our in-house Contact Centre, education seminars, over-the-phone advice, as well as the many systems and processes that support the award-winning products we provide our members.
Investment fee
QSuper's investment fees cover the cost of managing your investments. They are made up of:
- Investment base fee – to manage the investment groups within each investment option.
- Investment performance fee – made to investment managers for generating positive returns on their investment groups.
Indirect cost ratio
QSuper's indirect costs are additional costs that are not included in the original investment fees. Some examples include brokerage and stamp duty, as well as some of the specific operational costs involved with managing your investments.
Our annual administration fee cap means more money for you
While fees are necessary to cover the cost of managing your money, QSuper has an annual cap on administration fees.2 If you ever pay more than $900 a year, we'll refund the difference in July of the following financial year as a rebate – meaning more money towards your retirement.
More about the fee cap rebate
- You will only be eligible to receive the rebate if you still hold an Accumulation or Income account at the time the rebate is paid. There may also be a tax adjustment deducted from the rebate.
- If you're eligible for an administration fee cap rebate of more than $25, we'll contact you with all the details. It will also appear on your annual statement and in the account history/transactions section of Member Online.
- If the value of the administration fee cap rebate is 5% or more of your balance, it will count towards your concessional contributions cap. Find out more.
Accumulation and Income account fees