Direct Investments - fees
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 access | Full access | |
| Access to | UBS 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 |
| Cost | Free | See 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 name | amount | |
| Account fee | $20 per month | Deducted from your DIO Cash account, whether or not you transact |
| Administration fee | 0.29% | Deducted from your other legalsuper investment option(s) |
| Cash account fee | 0.40% | Of the finds held in the Direct Investments Cash account, deducted from the Cash account |
| Brokerage fees | See below | If 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 FROM | Trade amount TO | Brokerage |
| $0.00 | $10,000 | $19.50 |
| $10,000.01 | $27,500 | $29.50 |
| $27,500.01 | $10,000,000 | 0.11% 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 invested | Interest rate reduction |
| 0 to 50% of total term | 50% |
| Over 50% of total term | 20% |
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 (807.54 KB) Pension Product Disclosure Statement (983.73 KB)
