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What are the buy/sell spreads charged by my super fund?

Kate CrawfordKate Crawford

Mention a buy/sell spread and even the most interested super fund member will look confused, as this is one of the least understood costs of being a fund member.

So just what are these mysterious charges and how do they work?

What is a buy/sell spread?

Every time you or your employer make a contribution to your super account – or you switch investment options, take a lump sum withdrawal, pay a fee, or receive a super pension payment – it costs your super fund money to buy and sell investment assets.

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About the author

Kate Crawford
Kate Crawford
Kate has worked in the superannuation sector since 2003. Her experience ranges from customer service to financial advice, member education, complaints management, trustee services, and learning and development. She currently develops content and facilitates learning sessions for super professionals with the Association of Superannuation Funds (ASFA) as well as writing for SuperGuide.
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Response

  1. Milton Avatar
    Milton

    also beware if you are a TRADER on your super accountant..the accountant charges excurbratant fees each time you buy & sell a stock..then they retype all your stock portfolio again when they only need too copy & paste your brokers pdf of your trading for the year..Then the auditor who oversees your super charges another hefty fee,,these guys gut you ,so beware when running an SMSF..AND TOP IT OFF YOU HAVE A BAD YEAR ON THE asx you go backwards..

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