Super fees and costs

We keep our fees low, so you have more to invest for the future.

Summary of fees and costs

This is a summary of the fees and costs for Spirit Super accumulation accounts. For pension accounts, see pension fees and costs.

 Type of fee Amount How and when paid
Investment fee1,2 Conservative –  0.46% 
Moderate –  0.56% 
Balanced (MySuper) –  0.64% 
Sustainable –  1.00%  
Growth –  0.73% 
Cash –  0.05%  
Diversified fixed interest – 0.28% 
Australian shares – 0.51% 
International shares – 0.57% 
Deducted from investment returns before they’re credited to your account. Performance-related fee estimates and transaction costs are included in the investment fee. 
Administration fee2 $67.60 plus 0.15% of your account balance each year (the percentage fee is capped at $450  each year). 
Calculated daily and deducted monthly from your account. 
Buy-sell spread 
Nil N/A
Switching fee
Nil N/A
Advice fees Nil Fees for general and intra-fund advice are included as part of the administration fee.
Indirect cost ratio Nil N/A

1 Investment fees are estimates and are normally calculated as at 30 June each year based on actual fees for the previous financial year. Due to the merger of MTAA Super and Tasplan in the 2020-21 financial year, most of the actual fees (2020-21 historical fees) were lower as a result of the amount of passive investments held in transition accounts. Following the merger there was an increase in the number of active managers in the portfolio structure. For this reason, using the actual fees (2020-21 historical fees) isn’t a good indication of current and ongoing fees. The investment fees above are estimates of what the likely ongoing investment fees will be based on information available to us when preparing this table. For further information see the Additional explanation of fees and costs in our Fees and costs fact sheet. The actual investment fees for the current financial year may vary due to changes to the underlying investments. 

2 If your Spirit Super account balance is less than $6,000 at 30 June each year or when you close your account, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance. Any amount charged in excess of that cap must be refunded. If you hold more than one account with us, we’ll assess each account separately.

For comprehensive advice, you can meet with a Spirit Super Advice financial planner and they’ll provide a Statement of advice outlining any fees you’ll pay. Read about our advice options.

Want to know more?

For more information about the fees and costs that apply to super accounts, read the Fees and costs fact sheet.

Defined fees

Fee definition

Activity fees

A fee is an activity fee if:

  1. the fee relates to costs incurred by the trustee of a superannuation entity that are directly related to an activity of the trustee:
    1. that is engaged in at the request, or with the consent, of a member or
    2. that relates to a member and is required by law and
  2. those costs are not otherwise charged as an administration fee, an investment fee, a buy-sell spread, a switching fee, an advice fee or an insurance fee.

Administration fee

An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs that relate to that administration or operation, other than:

  1. borrowing costs and
  2. indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees incurred by the trustee of the entity or in an interposed vehicle or derivative financial product and
  3. costs that are otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.

Advice fees

A fee is an advice fee if:

  1. the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by:
    1. a trustee of the entity or
    2. another person acting as an employee of, or under an arrangement with, the trustee of the entity and
  2. those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an activity fee or an insurance fee.

Buy-sell spread

A buy-sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.

Insurance fee

A fee is an insurance fee if:

  1. the fee relates directly to either or both of the following:
    1. insurance premiums paid by the trustee of the superannuation entity in relation to a member or members of the entity
    2. costs incurred by the trustee of the superannuation entity in relation to the provision of insurance for a member or members of the entity and
  2. the fee does not relate to any part of a premium paid or cost incurred in relation to a life policy or a contract of insurance that relates to a benefit to the member that is based on the performance of an investment rather than the realisation of a risk and
  3. the premiums and costs to which the fee relates are not otherwise charged as an administration fee, an investment fee, a switching fee, an activity fee or an advice fee.

Investment fee

An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:

  1. fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees) and
  2. costs that relate to the investment of assets of the entity other than:
    1. borrowing costs and
    2. indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees incurred by the trustee of the entity or in an interposed vehicle or derivative financial product and
    3. costs that are otherwise charged as an administration fee, a buy-sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.

Switching fee

A switching fee for a MySuper product is a fee to recover the costs of switching all or part of a member’s interest in a superannuation entity from one class of beneficial interest in the entity to another.

A switching fee for a superannuation product other than a MySuper product is a fee to recover the costs of switching all or part of a member’s interest in a superannuation entity from one investment option or product in the entity to another.

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