Pension fees and costs

We keep our fees low, so you have more in retirement.

Summary of fees and costs

A summary of the fees and costs for Spirit Super pension accounts. For super accounts, see super fees and costs.

Spirit Super’s pension account
Type of fee or cost	Amount	How and when paid
Ongoing annual fees and costs¹
Administration fees and costs^{2, 3, 4}	$67.60 each year plus 0.10% of your account balance each year (the percentage fee is capped at $450 each year). plus estimated 0.127% of net assets each year⁵	Calculated daily and deducted at the end of each month from your account, or when your account is closed. If required, this additional amount is deducted from fund assets held in general reserves to meet administration expenses that exceed the administration fees and costs deducted from member accounts in a year. This isn't deducted from your account.
Investment fees and costs^{4, 6, 7}	Estimated (% of assets each year) Growth - 0.56% Sustainable - 0.35% Balanced - 0.45% Moderate - 0.40% Conservative - 0.37% Australian shares - 0.45% International shares - 0.40% Diversified fixed interest - 0.19% Cash - 0.08% Long-term - 0.43% (Managed Pension only)	Deducted from investment returns before they’re allocated to your account through the daily determination of unit prices.
Transaction costs^4,7	Estimated (% of assets each year) Growth - 0.08% Sustainable - 0.09% Balanced - 0.07% Moderate - 0.06% Conservative - 0.05% Australian shares - 0.08% International shares - 0.05% Diversified fixed interest - 0.02% Cash - 0.00% Long-term - 0.07% (Managed Pension only)	Deducted from investment returns before they’re allocated to your account through the daily determination of unit prices.
Member activity related fees and costs
Buy-sell spread	O%	Not applicable
Switching fee	$0	Not applicable
Other fees and costs⁴	Other fees and costs, such as activity fees and personal advice fees may be charged, but these will depend on the nature of the activity or advice.	Activity fees are deducted from your account, when applicable. Personal advice fees are deducted from your account when you consent to the deduction and other conditions are met.

¹If your account balance for a product offered by Spirit Super is less than $6,000 at 30 June each year or when you close your account, certain fees and costs charged to you in relation to administration and investments are 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.

² If you hold more than one Control Pension or Managed Pension account, the $67.60 yearly fee is only charged once and will be applied proportionally across all pension accounts based on the number of days each account has been open during the month. The percentage fee cap of $450 will apply to the percentage-based administration fees and costs deducted from the combined total of these pension accounts.

³The cost of providing access to general information, education and personal (intra fund) advice on your Spirit Super account is included in the administration fees and costs charged to your account. Read about our advice options.

⁴Refer to the Additional explanation of fees and costs section in our Pension guide.

⁵This fee is estimated based on information available to us at the date of preparing the Pension guide about Spirit Super’s experience for the financial year ending 30 June 2024. The actual percentage for the 2023-24 financial year won't be known until September 2024 and will be published on our website when available, if not materially adverse. The percentage will vary from year to year.

⁶Investment fees and costs include an estimated amount of 0.00% - 0.17% for performance-related fees, depending on the investment option. The calculation basis for these amounts of performance fees is set out under the Additional explanation of fees and costs in our Pension guide

⁷ These fees are estimated based on Spirit Super's experience for the financial year ending 30 June 2024. The percentage will vary from year to year.