AvSuper Fees

as at 1 November 2023

The information on this web page forms part of the AvSuper Public Offer Product Disclosure Statement (dated 1 November 2023) and AvSuper Corporate Product Disclosure Statement (dated 1 November 2023). Please refer to your PDS and our Insurance guide and/or Investment guide for more information.

This web page shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the assets of the managed investment scheme as a whole.

Other fees, such as activity fees, advice fees for personal advice and insurance fees, may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you. Entry fees and exit fees cannot be charged.

Information about taxes is set out in the applicable PDS. Information about insurance fees is set out in the Insurance Guide. You should read all the information about fees and costs because it is important to understand their impact on your investment.

For information about the fees and costs applicable to AvSuper’s Income Streams, refer to the Income Stream PDS.

Fees and Costs Summary

AvSuper fees (Accumulation Accounts- Corporate and Public Offer Division)

Type of fee or cost Amount How and when paid
Ongoing annual fees and costs
Administration fees and costs $26.00 p.a
plus 0.19%p.a of your account balance (subject to a maximum of $1000 p.a)
$0.50 per week deducted from your account balance at the end of each month or on exit. Percentage based fee taken into account in the daily calculation of unit prices.
Investment fees and costs2* Option % of options assets* Taken into account in the daily calculation of unit prices
High Growth 0.79%
Diversified Index 0.08%
Growth 0.88%
Balanced Growth 0.82%
Stable Growth 0.76%
Conservative Growth 0.46%
Australian Shares 0.51%
International Shares 0.59%
Cash 0.04%
Transaction costs Option % of options assets* Taken into account in the daily calculation of unit prices
High Growth 0.10%
Diversified Index 0.00%
Growth 0.14%
Balanced Growth 0.12%
Stable Growth 0.10%
Conservative Growth 0.07%
Australian Shares 0.08%
International Shares 0.09%
Cash 0.02%
Member activity related fees and costs
Buy‑sell spread Nil N/A
Switching fee Nil N/A
Other fees & costs3 Various, depending on the nature of the activity, advice or insurance Activity and advice fees are deducted from your account, when incurred.

Insurance fees are deducted from your account at the end of each month or on exit, when applicable

1. If your AvSuper account balance is less than $6,000 at 30 June, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2. Investment fees and costs includes an amount of 0.00% – 0.26% for performance fees (based on 5 year averages up to 30 June 2023), depending on the investment option. The performance fees applicable to each investment option (if any) and the calculation basis for this amount is set out under Additional explanation of fees and costs’ below.
3. The other fees and costs that may apply are activity fees relating to a family law split, personal advice fees and insurance fees. Refer to the ‘Additional Explanation of Fees and Costs’ below.

* Estimates only taking into account data for the year ending 30 June 2023 (except in relation to performance fees) and current year circumstances, where relevant. See the “Additional Explanation of Fees and Costs’ below for more information.

Example of annual fees and costs for a superannuation product

This table gives an example of how the ongoing annual fees and costs for the AvSuper Growth (MySuper) investment option for this superannuation product can affect your super investment over a one year period. You should use this table to compare this super product with other super products.

EXAMPLE: Growth (MySuper) option Balance of $50,000
Administration fees and costs $26.00 p.a ($0.50 per week) and 0.19% For every $50,000 you have in the superannuation product you will be charged or have deducted from your investment $95 in administration fees and costs, plus $26.00 regardless of your balance.
PLUS Investment fees and costs 0.88% AND you will be charged or have deducted from your investment $440 in investment fees and costs
PLUS Transaction costs 0.14% AND you will be charged or have deducted from your investment $70 in transaction costs
EQUALS Cost of product If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $631.00 for the superannuation product.

Note: Additional fees may apply.
If your account is invested in investment options other than the Growth (MySuper) investment option, the investment fees and costs and transaction costs will be different to those displayed. Refer to the Fees and Costs summary above for the investment fees and costs and transaction costs applicable to other investment options.

Cost of product for 1 year

The cost of product gives a summary calculation about how ongoing annual fees and costs can affect your investment over a 1-year period for AvSuper’s MySuper product and other investment options. It is calculated in the manner shown in the Example of annual fees and costs above. The cost of product information assumes a balance of $50,000 at the beginning of the year. (Additional fees may apply: refer to the Fees and Costs summary for the relevant superannuation product or investment option). You should use this figure to help compare superannuation products and investment options.

Investment option Cost of product
Cash $ 151.00
Stable Growth $ 551.00
Conservative Growth $ 386.00
Growth (MySuper) $ 631.00
High Growth $ 566.00
Australian Shares $ 416.00
International Shares $ 461.00
Balanced Growth $ 591.00
Diversified Index $ 161.00