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.
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
Morningstar Market data
Real time trading:
Shares, ETF's and LICs
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
|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 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 2020/2021 financial year exceeds an average balance of $416,301.37 during the entire 2020/2021 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.
|Trade amount FROM||Trade amount TO||Brokerage|
|$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; 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.Additional Information, Employer Sponsored & Personal Super - Product Disclosure Statement (647.91 KB) Pension Product Disclosure Statement (644.22 KB)