This section shows the fees and other costs that you may be charged in the MySuper and Premium Choice products. These fees and other costs may be deducted from your money, from the returns on your investment or from the assets of the superannuation entity as a whole. Other fees, such as activity fees, advice fees for personal advice and insurance fees, may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you. Entry and exit fees cannot be charged. 

Taxes are set out in the Super Handbook, and insurance fees and other costs relating to insurance can be viewed in the Insurance Handbook. You should read all the information about fees and costs because it is important to understand their impact on your investment.

Did you know?

Small differences in both investment performance and fees and costs can have a substantial impact on your long term results. For example, total annual fees and costs of 2% of your account balance rather than 1% could reduce your final return by up to 20% over a 30 year period (for example, reduce it from $100,000 to $80,000). 

You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. 

If you would like to find out more or see the impact of fees, based on your own circumstances, the government website moneysmart.gov.au has a superannuation fee calculator to help you check out different fee options.

The table below shows the fees and costs for the MySuper and Premium Choice products' Balanced Growth investment options, and for the Premium Choice product's other investment options. Additional information on fees and other costs, and fee definitions can be found in the Super Handbook


Fees and other costs

1. If your account balance for a product offered by BUSSQ is less than $6,000 at the end of the financial year (30 June), certain fees and costs charged to you in relation to administration and investment are capped at 3% of your account balance. Any amount charged in excess of that cap must be refunded.
2. The investment fees and costs and transaction costs are an estimate based on the costs incurred for the 12 months ending 30 June 2022. The investment fees and costs include an amount of up to 0.12% for performance fees. The calculation basis for this amount is set out under the 'Additional explanation of fees and costs' section.
3. Refer to the ‘Additional explanation of fees and costs’ section.

Example of annual fees and costs for MySuper and Premium Choice Balanced Growth options

This table gives an example of how the ongoing annual fees and costs for the MySuper and Premium Choice Balanced Growth options can affect your superannuation investment over a one year period. You should use this table to compare these superannuation products with other superannuation products. 

BUSSQ Example of annual fees and costs - MySuper and Premium Choice

Note: *Additional fees may apply. These are explained in the 'Additional explanation of fees and cost' section. If you have insurance, the insurance costs are explained in the Insurance Handbook.

Do you have a BUSSQ Income account product?

To view the fees and costs information for BUSSQ’s Income account products, refer to the relevant PDS available here.