Investment option Administration
fee p.a.1		 Investment
base fee p.a.1		 Investment performance-based fee p.a.1 Indirect cost
ratio p.a.1		 Total fee
p.a.1
Lifetime Outlook (age under 40) 0.16% 0.36% 0.39% 0.14% 1.05%
Lifetime Aspire (age 40 to 49) 0.16% 0.30% 0.32% 0.12% 0.90%
Lifetime Focus (age 50 to 57) 0.16% 0.26% 0.27% 0.10% 0.79%
Lifetime Sustain (age 58 and over)

0.16%

 0.19% 0.16% 0.06% 0.57%
Moderate 0.16% 0.20% 0.17% 0.07% 0.60%
Balanced 0.16% 0.32% 0.34% 0.13% 0.95%
Socially Responsible 0.16% 0.70% 0.00% 0.19% 1.05%
Aggressive 0.16% 0.35% 0.37% 0.14% 1.02%
Cash 0.16% 0.06% 0.00% 0.00% 0.22%
Diversified Bonds 0.16% 0.18% 0.00% 0.18% 0.52%
International Shares 0.16% 0.10% 0.00% 0.02% 0.28%
Australian Shares 0.16% 0.08% 0.00% 0.00% 0.24%

The cost of managing your account is split into administration fees, investment fees and indirect costs. We take the fees out of the unit price every day, before we declare the unit price.

Here’s a little more detail about each fee.

This fee covers the general cost of managing your super. We’ve put an annual cap on this fee of $9002, so it never gets out of hand. Find out more about the administration fee cap.

This fee is used to cover costs that relate to investing your super into assets. It’s made up of:

a)  Investment base fee – to pay the investment managers who manage the assets within each investment option

b)  Investment performance fee – to pay those same investment managers when they deliver an investment return over and above an agreed return rate (a performance bonus in other words).

Indirect costs reduce the unit price and investment return, but are not included in our investment fee or administration fee. Indirect costs include transactional costs (such as brokerage and stamp duty), operational and administrative costs of managing your investments. The indirect costs do not include borrowing costs or bid ask spreads for exchange traded instruments.


1 This figure comprises of the investment fee and indirect cost ratio which are based on the fees and costs for the financial year ended 30 June 2018 and the administration fee which reduced from 0.18% to 0.16% from 1 July 2018. The total fees and any other applicable fees are deducted daily from the unit price before the unit price is declared and may differ from future fees and costs.
2 From 1 July 2018, the administration fee cap changed from $1,000 to $900 per annum. From 1 July 2018, any administration fees you pay on your Accumulation and/or Income account/s over the cap of $900 in a financial year (that’s the combined figure for all of these accounts) will be rebated back to you in July of the next financial year as long as you still have an account with QSuper at the time of the refund.
3 By way of example, QSuper’s Balanced Option’s returns have exceeded the Industry average for Balanced Options returns over the last 6 years. The graph is for illustration purposes only and depicts the cumulative return for an initial $50,000 invested over the period shown with returns compounded annually after fees. The Industry Average returns are based on the SuperRatings SR50 Balanced Index (60-76) which are the median returns of the SR50 Super Funds Balanced investment options. The actual returns received by members would vary depending on contributions, investment options chosen and cash flow timings. Factors such as fees and inflation have not been included in the calculation and should be considered when comparing superannuation funds.