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||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.
|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;
- 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)