About the Direct Investment option
The Direct Investment option (DIO) lets you choose how your money is invested. You can buy and sell investments, track your performance and access comprehensive market research.
How the DIO works
The legalsuper Direct Investment option (DIO) offers members more control and choice over how their super is invested. This option suits members who want to be actively involved in managing their super or those who might be seeking a low-cost SMSF-style alternative.
Members have the flexibility to invest in a selection of shares, Exchange Traded Funds (ETFs), Listed Investment Companies (LICs) and term deposits. You can choose to invest all or part of your account balance in the Direct Investment option.
Establishing and managing your DIO is straightforward:
- Available to super and pension members
- Range of permitted investments
- Extensive reporting and investment tools
- Attractive fee and brokerage
- Super members commencing a legalsuper pension may be able to transfer an existing DIO account from super to pension without having to first sell their investments
Is the DIO right for me?
The legalsuper DIO is aimed at members who want more control over their investments and actively manage them. Because the Trustee does not review trades nor will it arrange for the purchase, sale, redemption or reinvestment, members need to commit the time required to manage their chosen investments.
DIO investors also need to have knowledge of the investments they are interested in, how these investments work and matters such as the tax treatment that will apply.
How much does it cost?
If you choose to establish a legalsuper DIO you will be charged a DIO Account fee of $20 per month ($240 per year). It is deducted from your legalsuper account balance. See more in our Fees and Costs section.
Find out more
I M P O R T A N T D O C U M E N T S
You should read the relevant Product Disclosure Statement and Additional Information documents for details of how the DIO works. This contains information on maximums that apply and the fees and costs payable.
The Approved Investment Menu details the investments that you can select from, maximums and minimums that apply
Historical rates of return for DIO securities:
U S E F U L R E S O U R C E S
Before you invest in legalsuper’s Direct Investment option, you may want to learn more about share market investing. The Australian Stock Exchange website has a range of educational material and general information that may assist you. Visit the ASX website for more information.
In addition, the Federal Government’s Australian Securities and Investment Commission (ASIC) website, called MoneySmart, has a range of useful educational material and general information. Visit the MoneySmart website
Here to help
As a member of legalsuper you are entitled to one-on-one support and practical advice from our team of Client Service Managers located around Australia. Call us on 1800 060 312 to arrange an appointment.