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Home Super & retirement Fees & costs Super & Pension - fees

Super & Pension - fees

The fees and costs involved with being a legalsuper member, as an Employer-sponsored, Personal (self-employed), TTR or Pension member.

legalsuper works hard to keep fees and costs low. Our sole purpose is to maximise the retirement savings of our members. We do not pay commission to agents and are an all profits for members fund.  The below fees and costs apply to legalsuper Employer-sponsored, Personal, Spouse, Transition to Retirement & Pension accounts. For fee information for other account types, please view the fees relating to the Direct Investment option, or the Guaranteed Income account.

Administration fees

Our Administration fee is made up of two parts. A Direct fee and an Indirect fee. The Administration fee is capped, to make sure we're only charging you to cover our operating costs. 


Direct Administration fee

$1.30 per week ($67.60 p.a.) plus

Indirect Administration fee

0.29% of your account balance p.a. (capped).


How and when Administration fees are paid
Direct Administration feeDirectly deducted from your account monthly, through the sale of units. You can see these  transactions in MemberAccess.
Indirect Administration feeIndirectly deducted from your account, through the calculation of the daily unit price. You can't see the Indirect fee in your transactions, but you can see this amount in your annual statement.

If you have insurance cover, invest in Direct Investments or take other actions, additional fees may be deducted directly from your account. See details for other fees which may apply below. 


Investment fees

These indirect fees cover the cost of managing investments. The fees you're charged depend on the investment option/s you're invested in. If you're unsure where you're super is invested, login to MemberAccess or to call us to find out. 

The three types of Investment fees are

  • Investment fee
    They are deducted proportionately from the assets of each investment option and are reflected in the calculations of the daily unit prices of each option
  • Indirect Cost Ratio (ICR)
    Are an estimate of the operating and transaction costs associated with maintaining an investment portfolio.
    They are deducted proportionately from the assets of each investment option and are reflected in the calculations of the daily unit prices of each option
  • Buy-sell spread
    This fee will apply when you buy units or sell units, by contributing, withdrawing or changing your investment option/s. This is reflected in the unit price when units are bought and sold in the relevant options
Investment optionInvestment  fee (%)ICR (%)Buy-sell spread (%)
Cash 0.090.000.00
Enhanced  Cash0.110.000.00
Conservative0.390.120.08
Conservative  balanced0.490.150.10
Balanced  index0.140.050.15
MySuper  balanced0.650.190.14
Balanced0.650.190.14
Balanced  Socially responsible0.780.400.30
Growth0.600.180.16
High  growth0.600.160.16
Australian  shares0.580.110.18
Overseas  shares0.450.120.17

Investment fees explained

Investment fees and ICRs
These costs are not charged directly to legalsuper, and they're not deducted directly from your account. They are paid indirectly by other parties, such as a property or infrastructure trusts in which we invest on your behalf. As these costs are met, they are deducted from the overall value of the asset, which is reflected in the unit prices of your investment option/s. While they're not deducted directly from your account, they do indirectly affect the value of your investment.

They are calculated annually as a percentage of the money you have in your investment options. The amounts shown are estimates only based on investment costs for the financial year ending 30 June 2019, and change from time to time.

Buy-sell spread
When you transact in an investment option (e.g. by contributing to your super, switching from one investment option into another or withdrawing money from your super), this triggers a process to trade the underlying assets in a particular investment choice. A buy-sell spread is the difference between entry price and exit price of an investment option, and is a cost incurred by members each time they invest into or withdraw from an investment option. The proceeds from a buy-sell spread is added to the assets of investment option, thereby repaying the other members invested in that option for costs incurred.

Fee capping

The fees we charge are capped to ensure that no matter your balance, your only paying to recover operating costs. All our profits are returned to our members. 


legalsuper caps Administration fees for members with balances of over $350,000 and less than $6,000. 
Over $350,000If your account balance at the end of a financial year exceeds an average balance of $350,000 during the entire financial year,  your Indirect Administration fee for that year is charged only on that $350,000 average.  Your account must remain open the following financial year to receive  the rebated amount of  any Administration fee charged over the $350,000 average.
Under $6,000If your account balance is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap is refunded.

Insurance fees

These fees are your insurance premiums. You are charged these if you have insurance with us; the amount you are charged is dependent on the level or amount and type of cover you have, and your age. You can log in to your account to view your premiums, use our insurance calculator, or refer to our Product Disclosure Statement.

Additional Information, Employer Sponsored & Personal Super - Product Disclosure Statement (807.54 KB)


Activity fees and other costs for additional services

An Activity fee is a type of fee which is  only charged in the instance that we provides you with a particular service, or particular account activity happens. for example, a family law split fee, where you're charged to split your super following a separation and family law court order.

Activity fees include
Insurance feeIf applicable your account will be debited with any insurance fee payable by you for Death and TPD,  Death or Salary Continuance cover. 
Advice feelegalsuper enables you to pay an adviser an agreed fee from your superannuation account. Only fees that relate to advice given to you about your superannuation investment may be paid from your account. legalsuper reserves the right to reject an application and request further information. A fee is an advice fee if: The fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by: a trustee of the entity; or another person acting as an employee of, or under an arrangement with, the trustee of the entity; and those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, an activity fee or an insurance fee.
Family LawThe Trustee does not currently charge for information provided to members in relation to Family Law matters.
Buy-sell spreadsA buy-sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity. These are listed in the investment costs section above. 
Direct Investments
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. Find the detail about all fees charged to Direct Investment members here.