Direct Investment Option fees
There are additional costs for the flexibility of investing directly in a selection of ASX listed shares, ETFs & LICs & term deposits through our Direct Investment Option (DIO).
Access levels
The Direct Investment Option (DIO) may suit members who want to actively manage their super, or those who are looking for a low-cost, SMSF-style alternative. You can access the DIO platform as a 'Free Access' user or a 'Full Access' user. Please note that Transition to Retirement Pension members are unable to access the Direct Investment Option.
| Free Access | Full Access | |
| Access to | UBS research Morningstar Market data | UBS research Morningstar Market data Cash Account Term Deposits Real time trading: Shares, ETFs and LICs |
| Minimum balance | $10,000 | $10,000 |
| Cost | Free | See below |
Before you can access the DIO 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.
- Satisfy the minimum balance requirements.
Once you become a Full Access user, the following fees apply.
Fees & costs
| Fee name | Fee amount | |
| Account fee*# | $20 per month | Deducted from your DIO Cash account, whether or not you transact |
| Administration fee (aka DIO Asset fee)*# | 0.29% | Deducted directly from your other legalsuper investment option(s) on a monthly basis This fee is deducted on the last day of the month based on your DIO balance at the time of processing the fee. The DIO balance used may be the balance at the close of the previous National Business Day |
| DIO Cash account fee* | 0.40% | Of the funds held in your DIO Cash account, deducted from your DIO Cash account |
| Brokerage fees | See below | If you purchase or sell shares, ETFs and/or LICs in your DIO account, brokerage applies as listed in the table below |
Other fees also apply to your legalsuper membership, these can be found here.
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.
*The above fees are included in the calculation of the fee cap if your account balance is less than $6,000 at the end of the financial year. Read more about Fee capping here.
#The above fees are included in the calculation of the administration fee rebate if your account balance at the end of the 2021/2022 financial year exceeds an average balance of $467,307.69 during the entire 2021/2022 financial year. For the financial year 2022/2023, your average balance will need to exceed $467,307.69 indexed1 for the entire financial year. The fee cap will not apply if your account with the fund is closed on or before 30 June during that financial year. Any refund of fees will be paid within 4 months after the end of the relevant financial year. Read more about Fee capping here.
1 The Administration fees and costs rebate threshold will be indexed annually from 1 July 2021, in accordance with the ‘All Groups Consumer Price Index (CPI)’.
Brokerage fees (from 1 July 2022)
| Trade amount | Brokerage (excl. GST) |
| $0 - $10,000 | $15.00 |
More than $10,000 (The maximum amount that can be invested per security trade purchase is $250,000) | 0.15% of total trade value |
- If brokerage is charged to your Direct Investments account on a failed share or ETF purchase, this will be reimbursed to you; and
- 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.
Employer Sponsored Super & Personal Super Additional Information (964.19 KB) Pension Product Disclosure Statement (927.63 KB)
