Superannuation funds charge fees or charges for looking after your superannuation account. Financial advisers can charge fees (or commissions) for providing you with financial advice and monitoring your investment portfolio.

If you run a self-managed super fund, you may have administration fees, ATO supervisory levy, audit fees and actuarial fees The types of fees that you may encounter include entry fees, administration fees, exit fees, investment management fees, contribution fees, switching fees, financial advice fees and trailing commissions.

Administration fees cover the general running of the fund. A person pays this fee, and often other fees, annually to be a member of a given fund; some funds charge higher fees than others.

Adviser service fees are commission paid to an adviser for recommending a fund.

Contribution fees are upfront fees payable to an adviser or a financial organisation on contributions an individual makes to a retail superannuation fund.

Exit fees are charged by a fund upon withdrawal or transfer of a benefit.

Set out below are all SuperGuide articles explaining Fees.

Comparing super funds: Top 20 cheapest funds for income protection insurance

Note: This article covers the best deals in super for income protection insurance. For the best deals in super on life insurance (death and disability cover), see SuperGuide article Comparing super funds: Top 20 cheapest funds for life insurance.In the past few years, insurance premiums … [Read more...]

Comparing super funds: Top 20 cheapest funds for life insurance

Note: This article covers the best deals in super for death and total permanent disability insurance. For the best deals in super on income protection insurance, see SuperGuide article Comparing super funds: Top 20 cheapest funds for income protection insurance.In the past few years, life … [Read more...]

Super for Beginners (25 Q&As)

One of SuperGuide’s more popular initiatives has been the development of a ‘Super for Beginners’ section that answers some of the many questions that we receive from those readers who are new to superannuation and new to super’s terminology.The series currently consists of several lead articles, … [Read more...]

Super for beginners, part 13: Why pick one industry super fund over another?

Q: I know that industry super funds generally have a good performance – particularly because of low fees, but I wondered, what is the benefit of picking one for your particular industry? I understand how people in some industries may have similar needs but is that really true these days in terms of … [Read more...]

Super for beginners, part 11: Is my super fund good enough?

Q: I have my super with a major financial organisation. I’m wondering, are they a good company to be dealing with? I feel that their fees are a bit high: based on an investment amount of $300,000 the MER amount is $6,600 (2.2%) plus a monthly admin fee of $8.50. What are your thoughts on this … [Read more...]

Super for beginners, part 4: My son’s super account is bleeding fees

Q: I am inquiring on behalf of my son who is unable to work at this stage of his life. It has been three years since he worked. He doesn’t have much in his super fund and it is going down every year. Is there any way to stop the bleeding of his funds? I will be ever grateful if you could help.It … [Read more...]

Super fees: Top 10 cheapest funds in Australia

Note: This article contains the latest available fee information. In this article you can find the cheapest super funds and the cheapest super pension funds. We update this article periodically with fee data issued by SuperRatings, and for pension funds, by SelectingSuper. Latest update was August … [Read more...]

Fee hike for small super accounts

If you have less than $1000 in your super account, or you have children or grandchildren with part-time jobs (or starting their first full-time job), then you will be very interested in this article.Effective since 1 July 2013, the federal government abolished the ‘member protection’ rule which … [Read more...]

Super in 3 steps: You’re probably richer than you think

If you have more than one super account you’re probably paying more in fees than you need to, and possibly having insurance premiums deducted from each of your super accounts. Paying at least double (and triple if you have 2 super accounts) in fees and insurance is not a great retirement planning … [Read more...]

Find lost super in 5 steps, and make quick cash

Did you know that more than $16 billion dollars is sitting in 6 million lost super accounts (and ATO-held super accounts) waiting for Australians to claim the super cash?If you’re one of the many Aussies with one or more lost accounts then you better act quickly. The federal government has … [Read more...]

Problem with your adviser or super fund? A 2-step plan to resolve it!

Knowing who to turn to when you need help resolving a problem with your super fund or financial adviser can be tricky. There are a number of organisations that can help, but they all have different areas of responsibility and can help you in different ways.To help you understand what assistance … [Read more...]

Super complaints: What happens when your super fund lets you down?

Most of the time, Australia’s super system works very well and retirement savers are able to take advantage of their super fund’s extensive experience and knowledge in managing and investing their hard-earned retirement savings. But sometimes – even in the best of super funds – things can go wrong … [Read more...]