Superannuation is a long-term investment for most of us – and over the long term, fees and costs can make a big difference to how much you get when you retire. That’s why at Vision Super, we’ve had a focus on driving down fees and costs.
Over the past five years, we’ve been able to reduce our fees and costs, and that may make a large difference to your retirement savings. Of course, there are other factors too – we’re also focused on generating competitive risk-adjusted returns over the medium and longer term, and we take ESG factors into consideration - but fees and costs are a constant, and we’re proud that our default MySuper investment option, Balanced growth, is significantly less than the industry average.
The table below shows examples of how much a member with a $50,000 balance is paying in fees and costs today, compared with five years ago, and compared with the current industry average.*
Fees and costs will vary depending on investment option. Additional fees may apply. The fees and costs examples shown do not include insurance premiums. Currently fees are not charged for changing investment options or buy-sell spreads.
Fee and cost changes
As of 1 October, the estimated fees and costs for Vision Super’s investment options have been updated. For details of the new fees and costs for each option please visit the fees and costs page on our website.
This is general information only that doesn’t take into account your objectives, financial situation or needs, so before acting on it, consider whether it is appropriate for you having regard to your own circumstances and obtain the appropriate Vision Super Product Disclosure Statement (PDS) and Target Market Determination (TMD) available from www.visionsuper.com.au before making any other decisions about Vision Super. Vision Super products are issued by Vision Super Pty Ltd ABN 50 082 924 561 AFSL 225054 RSE licence number L0000239 as the Trustee of the Local Authorities Superannuation Fund ABN 24 496 637 884. Past performance is not a reliable indicator of future performance.