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Home Super & retirement Fees & costs Direct Investments

Direct Investments

There are additional costs for the flexibility of investing directly in a selection of ASX listed shares, ETF's & LIC's & term deposits through our DIO.

Access levels

Direct Investments may suit members who want to actively manage their super, or those who are looking for for a low-cost, SMSF-style alternative.  You can access the Direct Investments platform as a Free Access User or a Full Access User. Please note that Transition to Retirement Pension members are unable to access Direct Investments.


Free accessFull access
Access toUBS research
Morningstar Market data

UBS research
Morningstar Market data
Cash Account
Term Deposits
Real time trading:
Shares, ETF's and LICs
Minimum balance $10,000 $10,000
CostFreeSee below

Before you can access Direct Investments as a Free Access User or invest as a Full Access User, you will need to:

  • Be a legalsuper member ;
  • provide your Tax File Number;
  • provide your email address;
  • register for MemberAccess; and
  • satisfy the minimum balance requirements.

Once you become a Full Access User, the following fees apply. 

Fees & costs

Fee nameamount
Account fee$20 per monthDeducted from your DIO Cash account, whether or not you transact
Administration fee0.29%Deducted from your other legalsuper investment option(s)
Cash account fee0.40%Of  the finds held in the Direct Investments Cash account, deducted from the Cash account
Brokerage feesSee belowIf you purchase or sell shares in your DIO account, brokerage applies as listed in the table below

Other fees also apply to your legalsuper membership.  

If you are a Full Access user, the $20 monthly account fee is payable upon registration for the DIO, regardless of whether or not you transact

Brokerage fees

Trade amount FROMTrade amount TO Brokerage
$0.00$10,000$19.50
$10,000.01$27,500$29.50
$27,500.01$10,000,0000.11% on total value
  • If brokerage is charged to your Direct Investments account on a failed share or ETF purchase, this will be reimbursed to you;
  • fees also apply to the early redemption of Term Deposits

Breaking a Term Deposit 

Requesting to break a Term Deposit prior to its agreed maturity may result in interest rate adjustments.

Time investedInterest rate reduction
0 to 50% of total term50%
Over 50% of total term20%


Further details of the ‘Fees and costs’ associated with the DIO are contained in the Super or  Pension PDS document as applicable to your membership type.

Additional Information, Employer Sponsored & Personal Super - Product Disclosure Statement (597.93 KB) Pension Product Disclosure Statement (884.35 KB)