Superannuation fees
There are fees applicable on all retail superannuation funds. If you want to know what fees you are paying on your existing super, check your annual statement and your product's PDS. They should have all the information on the fees your super fund charges.
Remember if you have more than one super account you’ll probably have more than one set of fees, so consider consolidating your accounts into one place to stop paying unnecessary fees.
The money you save in fees could really help grow your super balance.
-
What types of fees can I expect?
Learn about the types of fees that are applicable to super funds. But remember, not all funds charge the same fees so it’s important to check your annual statement and PDS to see what charges apply to your account.
-
Where can I find the fees charged by my current super fund?
Your super fund will set out the fees paid by you during the statement period in your annual statement. All fee information can be found in your BT Super product PDS.
-
How can fees make a difference to my super?
Even a 1% difference in fees over a 30 year period can make a big difference to your final super balance.
-
How do I compare fees?
Many funds charge fees differently so it’s important to understand how fees are calculated. Comparing fees is an important part of assessing your super but it is not the only factor to look at when making a decision.
For most BT Funds there is no charge for accepting rollovers; however some funds may charge fees for accepting rollovers. Therefore you should check the relevant fund PDS to see whether any rollover fees will apply. You should also check with your other fund/s to determine whether there are any exit fees for moving your benefits, or other loss of benefits (e.g. insurance cover).
