How do Suncorp Everyday Super’s fees compare?
According to SuperRatings, an independent research agency, Everyday Super’s fees:
- are lower than those of the average industry super fund
- are only around half those of the average retail super fund.
Comparison of annual fees as at April 2014*
What fees do you pay in Everyday Super?
You’re paying an administration fee of just $1.50 per week and 0.65% per year on your account balance, plus 0.20% investment fee on your balance if you’re in the Suncorp Lifestage Fund.
Want to know exactly what you’re paying in fees?
If you’re in the Suncorp Lifestage Fund and you know what your super balance is, our calculator will tell you what fees you pay each year.
The Everyday Super Product Disclosure Statement also has more information about fees.
*Source: SuperRatings Fees Analysis, April 2014. Fees are per annum and assume an average $50,000 balance. Fees are $503 per year for Suncorp Everyday Super (Suncorp Lifestage Fund), $524 per year for the average industry fund and $933 per year for the average retail fund.
Everyday Super accounts are provided by Suncorp Portfolio Services Limited (ABN 61 063 427 958). Suncorp-Metway Ltd (ABN 66 010 831 722) (Suncorp Bank) is not liable or responsible for, and does not guarantee or otherwise support the capital value or investment performance of, Everyday Super accounts. Everyday Super accounts are not a bank deposit product. Internet Banking is provided by Suncorp Bank. This is general information only and doesn’t take into account your personal objectives, financial situation or needs. Before making a decision you should consider these and the Suncorp Everyday Super Product Disclosure Statement (PDS). Various products and services are provided by different entities of the Suncorp Group. These different entities are not responsible for, or liable in respect of, products or services provided by each other. The obligations of the Trustee and the Insurer aren’t guaranteed by any other company within the Suncorp Group. Suncorp and its subsidiaries don’t guarantee the repayment of capital invested in or the investment performance of this product. Suncorp Everyday Super is subject to investment risk including possible delays in repayment and loss of the capital invested.