Fees

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.

Dear financial advisers: choose to be magnificent, not mediocre

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I believe an independent, qualified financial adviser, focused on the best interests of the client can be a valuable partner for any individual’s or family’s wealth creation plans, along with excellent tax advice from an accountant. I assumed that the majority of the financial advising industry … [Read more...]

A quick summary: 2013/2014 Mid-Year Economic and Fiscal Outlook

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Say goodbye to the promised Budget surplus by 2016/2017, one of the many carrots the Coalition used to get Australians to vote for them in the September 2013 election. According to Federal Treasurer, Joe Hockey, the budget blowout is because… everything is Labor’s fault. Hockey claims the Coalition … [Read more...]

How much do your super fund trustees get paid?

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Note: This article includes the remuneration data for trustee boards and executives, and related party transactions, for major industry super funds (Cbus, Equip, HESTA, AustralianSuper,CareSuper and FIRST Super). Article last updated 12 December 2013. One of Australia’s largest super funds, Cbus, … [Read more...]

Ouch! Large super fund trustees must improve, says regulator

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The Australian Prudential Regulation Authority has ‘let it rip’ so to speak regarding the level of skills and independence of trustees of APRA-regulated super funds. In a speech at an industry conference in November 2013, and in later speeches and interviews, Helen Rowell, a member of APRA, has put … [Read more...]

SMSFs: How much money do you need to start one?

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In late 2012, the Australian Securities and Investments Commission (ASIC) asked consultants Rice Warner to examine whether there was a minimum cost-effective fund balance for an SMSF. The final report was released publicly in September 2013, and ASIC has asked for industry feedback on the … [Read more...]

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

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Here’s a tip: a quick and easy way to feel instantly richer is to take the following 3 steps: Find out how much money you have sitting in your superannuation account. Locate any lost or forgotten super accounts Consolidate your super accounts, and potentially save thousands of … [Read more...]

SMSF: How much does a DIY super fund cost? [updated data]

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Note: This Q&A includes the latest SMSF cost data released in May 2013 by the ATO, and data released by ASIC in September 2013. The next SMSF cost update will be released by the ATO in April 2014. Q: My wife and I are considering setting up a self-managed super fund to be overseen by a … [Read more...]

Find lost super in 4 steps, and make quick cash

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Did you know that billions of dollars is sitting in lost super accounts waiting for Australians to claim the super cash? If you’re one of the Aussies with one or more lost accounts then you better act quickly. The federal government has changed the super rules, which means that your ‘lost’ super … [Read more...]