Our competitive fees and costs
We're committed to keeping fees as low as possible so our members can get the most out of their super.
We've got one of the most competitive fee deals around. So you'll pay less!
We're a low-fee Industry SuperFund run only to benefit members. We don’t pay commissions to financial advisers or dividends to shareholders.
We have a 3% total fee cap for members with a balance below $6,000, and one of the best variable administration fee caps of $495 per year regardless of your balance.
How we compare
Fees cover the cost of running the super fund and managing your investments.
LUCRF Super members with a balance of $50,000, pay a low $477 per year, compared to $803 per year for the average retail super fund member.
|TOTAL FEES FOR AN ACCUMULATION BALANCED OPTION PER YEAR 1
(BASED ON A $50,000 ACCOUNT BALANCE)
|LUCRF SUPER BALANCED OPTION||AVERAGE INDUSTRY SUPER FUND BALANCED OPTION||AVERAGE RETAIL SUPER FUND BALANCED OPTION|
The LUCRF Super Balanced option is $477 (gross of tax) over a one-year period which reduces to $423 (net of tax).
Low cost options for retirees
Are you at or nearing retirement? Our lower than average fees mean we have one of the most competitive pension products in Australia.
You’ll only pay a maximum of $495 per year in variable administration fees if your account balance is $275,000 or above.
|your account balance at retirement||LUCRF SUPER balanced option fees and costs 2||median fees and costs across industry, retail & government Super funds 2|
Our MySuper Balanced option fees
This table shows you the total fees over a one-year period for a member with a $50,000 super balance. You can use this table to compare our MySuper Balanced product with other super products.
|our mysuper balanced option|
|our fees||based on an account balance of $50,000|
|Investment fee||0.25% (net of tax)||For every $50,000 you have in the Balanced option, your fee will be $125 per year.|
|Plus administration fee||$1.50 per week plus 0.18% per year of your account balance.||Your administration fee will be $168 each year.|
|Plus indirect costs for the MySuper Balanced investment option||0.26% per year||A cost of $130 will apply to your investment before investment earnings are received.|
|Equals cost of product||$423 3 for one year based on a starting balance of $50,000 invested in the MySuper Balanced option.|
The 'cost of product' above is $423 (net of tax) over a one-year period which is $477 (gross of tax).
Fees for all investment options
The below fees are net of tax, to see gross of tax fees please see our Fees and costs guide.
(deducted from investment returns before they're allocated to your account)
(deducted from investments before calculating investment returns)
|Investment option||Investment management fee (net of tax)||indirect cost ratio (%)||Total investment fees|
|MySuper Balanced (default)||0.25%||0.26%||0.51%|
|Australian Shares (Active)||0.27%||0.03%||0.30%|
International Shares (Active)
|Australian Shares (Indexed)||0.07%||0.00%||0.07%|
|International Shares (Indexed)||0.07%||0.00%||0.07%|
Our awards and ratings
We're proud that our super and pension fees are highly rated by Australia's independent rating organisations.
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1 SuperRatings SMART November 2020. All total fees are reported gross of tax.
2 SuperRatings SMART November 2020. All total fees are reported gross of tax. Fees and costs include all administration fees, investment fees and direct costs (net of tax) LUCRF Super investment fees and direct costs are based on the ‘Balanced’ investment option. Comparison fund investment fees and direct costs are based on the default product investment option.
3 Additional fees may apply.
Our fees are correct as at 1 Oct 2021 and are subject to change.