Fees and costs

Understanding your super fees

The amount you pay in fees each year will be slightly different for every member – depending on your age, super balance and whether you have add-ons like insurance. It’s important you understand what you’re paying for, so we’ve tried to make it nice and simple. Let’s break it down.

Calculate your MySuper yearly fees

Simply select your age and enter your super balance to find out how much you’re paying in fees each year.

Select your MySuper investment stage

Click here to learn more about our super options

Enter your Super balance

This will be your expected yearly fee:

$0

Breakdown

Admin

$0

Investment

$0

Transaction

$0

Disclaimer

If your account balance for a product is less than $6,000 at the end of the financial year (or when you close your account), certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance for the year (or the period until your account is closed). Any amount charged in excess of that cap must be refunded.

Investment fees and costs include an amount of up to 0.04% for performance fees depending on the investment option. The calculation basis for this amount is set out in the 'Additional explanation of fees and costs' in the How Super Works Guide.

Insurance fees may also apply. Refer to 'Additional explanation of fees and costs' in the How Super Works Guide.

Yearly fees across all investment options under Child Care Super1,3

MySuper
Administration Fees and Costs
+ Investment Fees and Costs2
+ Transaction Costs
Building

$104 p.a ($2.00 per week) +0.15% p.a.

(in aggregate, subject to a maximum of $800)

+ 0.02% p.a

0.39% p.a
0.09% p.a
Growing
0.52% p.a
0.02% p.a
Consolidating
0.53% p.a
0.02% p.a
MyMix
Administration Fees and Costs
+ Investment Fees and Costs2
+ Transaction Costs
Secure

$104 p.a ($2.00 per week) +0.15% p.a.

(in aggregate, subject to a maximum of $800)

+ 0.02% p.a

0.03% p.a
0.00% p.a
Balanced
0.57% p.a
0.02% p.a
Growth
0.64% p.a
0.01% p.a

Disclaimers

1 If your account balance for a product is less than $6,000 at the end of the financial year (or when you close your account), certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance for the year (or the period until your account is closed). Any amount charged in excess of that cap must be refunded.

2 Investment fees and costs include an amount of up to 0.04% for performance fees depending on the investment option. The calculation basis for this amount is set out in the 'Additional explanation of fees and costs' in the How Super Works Guide.

3Insurance fees may also apply. Refer to 'Additional explanation of fees and costs' in the How Super Works Guide.

How our fees work

What is an administration fee?

Administration fees and costs at Child Care Super are calculated as follows:

$104p.a. + 0.15%p.a. of your account balance per year, with the aggregate capped at $800 p.a. per account. An additional 0.02% p.a (estimated) may also be deducted from fund reserves and not directly from your account.

This fee covers the general cost of managing your account. You’ll see the $104 p.a come out of your account each month. The 0.15% p.a is deducted from the investment option before the unit prices have been struck, so you won’t see this fee in your account.

Are there any exceptions to the admin fee?

If your account balance for a product is less than $6,000 at the end of the financial year (or when you close your account), certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance for the year (or the period until your account is closed). Any amount charged in excess of that cap must be refunded.

What is an investment fee?

Investment fees and costs vary depending on which investment option you are in and are deducted from investment returns before they’re applied to your account. Investment fees and costs include an amount of up to 0.04% for performance fees depending on the investment option. These fees are deducted from the investment option daily before the unit prices have been struck, so you won’t see this fee in your account.

What is a transaction fee?

There are transaction costs associated with the buying and selling of the Fund’s underlying investments incurred by external underlying fund managers such as brokerage, external buy/ sell spreads, settlement costs, clearing costs and stamp duty on investment transactions. Transaction costs disclosed are an estimate based on transaction costs paid in the previous financial year. These transaction costs, where relevant, are an additional cost to investors, deducted from the investment option daily before the unit prices have been struck, so you won’t see this fee in your account.

Extra fees (you might need to know about)

What is a Contingency Reserve Fund fee?

The Fund maintains a Contingency Reserve and it is managed in accordance with the Fund’s Contingency Reserving Policy. The Reserve provides a buffer against losses not covered by the Operational Risk Financial Reserve (ORFR). It is also used to provide funding for the Operational Risk Financial Reserve.

An additional fee of 0.02% p.a. (estimated) may be deducted from the Contingency Reserve to cover regulatory costs and initiatives that deliver member outcomes. This amount is not deducted directly from your account or reflected in the calculation of unit prices.

When would I be charged an insurance fee? And how much will it cost?

Insurance fees apply to any insurance cover provided to you. If applicable, the insurance fees you pay cover the cost of insurance (insurance premiums) and the cost of administering any insurance cover you have in the Fund (insurance administration fees). The Promoter receives an insurance administration fee of 6% of the insurance fees deducted from the accounts of insured members, in relation to the administration of the insurance cover arrangements for members. The insurance fees depend on the type and level of insurance cover, and other factors including your age and occupation. Refer to the Insurance Guide for details.

Page last updated 13 December 2023