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Home Super & retirement Fees & costs Direct Investment Option fees

Direct Investment Option 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 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 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 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 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 nameFee amount
Account fee*#$20 per monthDeducted 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 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, 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. 

Brokerage fees

Trade amount FROMTrade amount TO Brokerage
$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; 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 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 (658.22 KB) Pension Product Disclosure Statement (659 KB)