Superannuation fees
Don’t let superannuation fees eat away your future. Our low fees1 helps you grow your super balance. Less fees, more super.{sub-heading}
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Check your annual super fees
Want to see what you’ll pay in super fees? Select your super balance to check your estimated annual fees with Virgin Money Super.1
Breakdown of your annual super fees & other costs
A breakdown of your superannuation fees. Select the fees you want defined on the tabs below.
Activity fees
Additional fees may occur depending on specific super account requests you make.
For more information, refer to the Product Disclosure Statement (PDS).
Administration fees {font-dark}
The general administration fees that cover the cost of keeping your super account.{sub-heading}
* From 1 July 2019, if your super account balance is less than $6,000 at 30 June of a financial year, the total combined amount of administration fees, investment fees and transaction costs charged to you for the relevant financial year is capped at 3% of your super account balance. Any amount charged in excess of the cap must be refunded.
For more information, refer to the Product Disclosure Statement (PDS) and Product Guide.
Transaction costs18{font-dark}
The costs associated with trading to manage the investment strategy for each investment option in your superannuation account. Note you’ll only pay transaction costs for the investment strategy or strategies that apply to your super.
How and when is it paid? Generally deducted daily when unit prices are determined. Reflected in your super account balance.
For more information, refer to the Product Disclosure Statement (PDS).
Investment fees and costs18{font-dark}
This covers the ongoing cost associated with managing your investment, which can vary depending on the investment options. It’s a percentage based fee that is applied to the money you have invested in each investment option. {sub-heading}
How and when is it paid? Generally calculated and deducted daily (from the underlying investment vehicles or the relevant investment options) when unit prices are determined. Reflected in a reduction of investment returns of the investment option.
For more information, refer to the Product Disclosure Statement (PDS).
Insurance fees{font-dark}
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B
A+B
Death and TPD
$243,000 of cover
Death and TPD
$270,400 of cover
Death only
$243,000 of cover
Death only
$270,400 of cover
The cost of insurance is made up of two elements:
- A cost recovery fee of $1.50 per month per policy (retained by the fund to cover the cost of providing insurance to members) and
- A monthly premium payable to the Insurer. The monthly premium is based on the type of cover, number of units and your age.
For more info, see the examples below or refer to our Insurance Guide.
Baby Break
It doesn't seem fair when mums or dads go on parental leave and their employer superannuation contributions stop, but their fees don't. Virgin Money Super was one of the first super funds in Australia to do something about it, granting discounts on their super fees for eligible customers on parental leave.{sub-heading}
If you’re an existing Virgin Money Super customer, complete the Baby Break application form{link-button}
Conditions apply. See full terms and conditions.
Discount your asset based administration fee for up to 12 months while you're on parental leave: From 0.424% to 0.074%.
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