Superannuation Fees

What might your fees look like?

To help you understand how rewarding Virgin Money Super could be for you, we've developed a fee comparison tool so you can see how we fair against other funds.

Compare our fees

Fee breakdown

Fees Explained

Use the drop-down below to see more detail about our fees.

Activity fees

Additional fees depend on the nature of the advice, activity or insurance chosen by you associated with your super account.

How and when is it paid?

Generally upon the request or engagement of an activity or service.

What do you pay for?	How much is it?	How and when is it paid?
Switching fee	NIL	N/A
Insurance administration fee	$18 p.a.	Deducted monthly from account balance
Family law split	$88	One off deducted from account balance
Family law information request	$110	One off fee. Payable by cheque upon application.
Overseas transfer fee	NIL	N/A

For more information about fees, please read the Virgin Money Super Product Disclosure Statement and Product Guide.

Administration fee

The general administration fees that cover the cost of keeping your super account.

How and when is it paid?

Fixed dollar-based administration fee is generally deducted on the last day of the month from your account balance.

Asset-based administration fee is generally calculated and deducted daily when unit prices are determined.

Administration costs are deducted from the member reserve.

What do you pay for?	How much is it?	How and when is it paid?
Administration fee (dollar based)*	$58 per member per annum	Deducted monthly from account balance.
Administration fee (asset based)*	0.394% per annum	Generally deducted daily when unit prices are determined. Reflected in your super account balance.
Administration cost	0.02% per annum	Costs associated with product and strategic services, estimated to be 0.02% per annum of Mercer Super Trust assets.

* From 1 July 2019, if your super account balance is less than $6,000 at 30 June of any year, the total combined amount of administration fees, investment fees and transaction costs charged to you for the prior year is capped at 3% of your super account balance. Any amount charged in excess of the cap must be refunded.

For more information about fees, please read the Virgin Money Super Product Disclosure Statement and Product Guide.

Transaction costs¹⁸

The costs associated with trading to manage the investment strategy for each investment option.

How and when is it paid?

Generally deducted daily when unit prices are determined. Reflected in your super account balance.

What do you pay for?	How much is it?
LifeStage Tracker®	0.04% p.a.
Indexed Diversified Shares	0.01% p.a.
Enhanced Indexed Conservative Growth	0.05% p.a.
Enhanced Indexed Growth	0.04% p.a.
Indexed Australian Shares	0.01% p.a.
Indexed Overseas shares	0.02% p.a.
Indexed Australian Listed Property	0.02% p.a.
Cash	0.00% p.a.

From 1 July 2019, if your super account balance is less than $6,000 at 30 June of any year, the total combined amount of administration fees, investment fees and transaction costs charged to you for the prior year is capped at 3% of your super account balance. Any amount charged in excess of the cap must be refunded.

For more information about fees, please read the Virgin Money Super Product Disclosure Statement and Product Guide.

Investment fees and costs¹⁸

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.
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.

What do you pay for?	Investment fees and costs - how much is it?
LifeStage Tracker®	0.156% - 0.186% p.a. of your account balance in this option
Indexed Australian Shares	0.23% p.a. of your account balance in each of these options
Indexed Overseas Shares	0.22% p.a. of your account balance in each of these options
Indexed Australian Listed Property	0.28% p.a. of your account balance in each of these options
Cash	0.13% p.a. of your account balance in this option
Indexed Diversified Shares	0.24% p.a. of your account balance in this option
Enhanced Indexed Growth	0.30% p.a. of your account balance in this option
Enhanced Indexed Conservative Growth	0.34% p.a. of your account balance in this option

For more information about fees, please read the Virgin Money Super Product Disclosure Statement and Product Guide.

Parental leave fee break

Baby Break

It doesn't seem fair when mums go on maternity leave or dads go on paternity leave and their superannuation contributions for retirement stop but their fees don't. Virgin Super was the first super fund in Australia to do something about it.

Discount your asset based administration fee for up to 12 months while you're on parental leave
From 0.394%	To 0.044%

Ready for your delivery?

Our Baby Break isn’t means tested, so you get the full benefit* while you’re on maternity or paternity leave. You can apply for the Virgin Money Super Baby Break once per child. If you're an existing member and want to apply for the Virgin Money Super Baby Break, fill in the Baby Break application form.

*Conditions apply. See full terms and conditions.