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Superannuation fees and costs
As a fund built to benefit members, Cbus Super works to keep all fees and costs as competitive as possible.
The fees and costs to your account will include:
- Your investment options
- Your individual insurance cover
- Your administration fees.
| Type of fee or cost | Amount | How and when paid |
|---|---|---|
| Ongoing annual fees and costs 1 | ||
| Administration fees and costs 1 | $1.00 a week ($52 a year) Plus 0.19% of your account balance up to $1,000 a year Plus 0.02% a year 2 |
Deducted from your account at the end of each month or when you close your account
Deducted from fund reserves (not from your account) |
1 If your account balance for a product offered by the Fund is less than $6,000 at the end of the Fund's income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 These figures are estimates based on costs for the previous financial year and may change. The actual fees will be determined at the end of the financial year and published in your 30 June statement. The calculation basis for these amounts is set out in the Additional explanation of fees and costs section of the Fees and Costs Factsheet (PDF).
Investment fees and costs and transaction costs for each investment option
Investment fees and costs
Investment fees and costs are the costs of managing your investments. They include fees paid to external and internal investment managers, custodians and asset consultants, and bank fees. These costs and how they impact your account depend on the type of investment option you select. For Cbus Super pre-mixed and DIY investments, these costs vary for each option and are paid from investment earnings before they’re added to your account.
Investment fees and costs may change from time to time because of changes in performance and/or other investment related fees and costs from year to year (see below). These figures have been estimated based on the actual fees for 2023/24.
Read the Investment handbook (PDF) or visit cbussuper.com.au/investments for more information about crediting rates and the allocation of returns to member accounts.
Transaction costs
Transaction costs relate to the buying and selling of investments. They may include third party costs such as settlement costs, stamp duty, clearing costs, foreign exchange costs, brokerage, buy-sell spreads and costs incurred by an interposed vehicle that would be a transaction cost if incurred by the Fund. As we don’t charge a buy-sell spread to our members, transaction costs are deducted from returns before the crediting rate is applied to your account.
| Investment option | Investment fees and costs 2, 3 | Transaction costs 2 | Total investment fees and costs and transaction costs |
|---|---|---|---|
| Pre-mixed options | |||
| High Growth | 0.46% | 0.09% | 0.55% |
| Growth Plus | 0.44% | 0.09% | 0.53% |
| Growth (MySuper) | 0.42% | 0.09% | 0.51% |
| Indexed Diversified | 0.09% | 0.02% | 0.11% |
| Conservative Growth | 0.33% | 0.07% | 0.40% |
| Conservative | 0.27% | 0.04% | 0.31% |
| DIY Options | |||
| Overseas Shares | 0.34% | 0.04% | 0.38% |
| Australian Shares | 0.37% | 0.09% | 0.46% |
| Property | 0.58% | 0.24% | 0.82% |
| Diversified Fixed Interest | 0.22% | 0.00% | 0.22% |
| Cash | 0.04% | 0.00% | 0.04% |
2 These figures are estimates based on costs for the previous financial year and may change. The actual fees will be determined at the end of the financial year and published in your 30 June statement. The calculation basis for these amounts is set out in the Additional explanation of fees and costs section of the Fees and Costs Factsheet.
3 Including performance fees (see table below)
Performance fees
Some of the Fund’s external investment managers may be entitled to a performance fee. As well, managers of interposed vehicles in which our investment options are invested may charge performance fees. Performance fees are generally calculated as an agreed percentage of any investment performance above an agreed hurdle rate. The performance fees in the following table are the average of the performance attributable to each investment option for the last five financial years to 30 June 2024.
| Investment option | Performance fee 4 |
|---|---|
| Pre-mixed options | |
| High Growth | 0.06% |
| Growth Plus 5 | 0.04% |
| Growth (MySuper) | 0.04% |
| Indexed Diversified 5 | 0.00% |
| Conservative Growth | 0.02% |
| Conservative | 0.01% |
| DIY Options | |
| Overseas Shares 5 | 0.00% |
| Australian Shares 5 | 0.07% |
| Property 5 | 0.00% |
| Diversified Fixed Interest | 0.00% |
| Cash | 0.00% |
4 Performance fees based on the average performance fees for the five years to 30 June 2024. Investment fees and costs are deducted from returns before they’re credited to member accounts and are calculated each year in arrears. The fees usually change from year to year and are different for each investment option. The figures shown are estimates based on expenses for the previous financial year and may change. They include an amount for performance fees based on the average performance fees for the five years to period ending 30 June. The actual fees will be determined at the end of the financial year and published in your 30 June statement. Where investment options have not been available for five years, the performance fee is the average since the option commenced.
5 As this option started less than five years ago, the performance fee is the average for the period since the option commenced.
Member activity related fees and costs
| Type of fee or cost | Amount | How and when paid |
|---|---|---|
| Buy-sell spread | Nil | Not applicable |
| Switching fee | Nil | Not applicable |
| Other fees and costs | Other fees and costs may apply, such as insurance premiums. See Cbus Super additional explanation of fees and costs in the Fees and costs Fact Sheet (PDF) |
|
Some other fees you may incur
Insurance premiums
When you join Cbus Industry Super, most members qualify for our default level of Death and Total and Permanent Disablement (TPD) cover. The cost of insurance is paid direct from your super account and will depend on your age, occupation and the amount of cover you have. Find out more about the types of cover available.
Why choose Cbus Super
Investing in Australia
Strengthening Australia’s economy by supporting industries that are important to our members.
7 Since inception to 30 June 2024. Investment performance is based on the crediting rate, which is the return minus investment fees, taxes and until 31 January 2020, the percentage-based administration fee. Excludes fees and costs that are deducted directly from members' accounts. Past performance isn't a reliable indicator of future performance.
8 Insurance is issued under a group policy with our insurer TAL Life Limited ABN 70 050 109 450 AFSL 237848.
Comparisons by SuperRatings9
9 As at 30 June 2024. Based on an income of $80,000 and a starting super balance of $50,000 modelled by SuperRatings. Full assumptions available on SuperCalculator.
Our Advice Services
As part of your Cbus Super membership, you have access to our team of financial advisers at no additional cost. Our Advice Services can provide you with advice over the phone about:
- Our range of super products
- Choosing an investment option that’s right for you
- Contribution strategies including salary sacrifice and personal contributions
- Nominating beneficiaries
- Planning the best ways to maximise your super for retirement
- More information and assistance regarding the insurances available through Cbus Super.