Virgin Money Super fee comparison tool

Virgin Money Super offers our customers amongst the lowest fees in the market. Use our Fee Comparison Tool to compare our fees against other super funds and see for yourself. Select the balance below closest to your super fund balance and see how we compare.

["Product Name", "$5,000", "$25,000", "$50,000", "$100,000", "$150,000"], ["VirginMoney
Super", 85, 193, 328, 598, 868], ["ANZ Smart
Choice Super", 77, 185, 320, 590, 860], ["AustralianSuper", 107, 221, 363, 648, 933], ["REST Super", 92, 232, 407, 757, 1107], ["Commonwealth
Essential Super", 110, 271, 470, 870, 1271], ["Vision Super", 117, 276, 473, 868, 1263], ["BT Super
for Life", 114, 330, 600, 1140, 1680], ["MLC MasterKey
Business Super", 130, 341, 603, 1128, 1653], ["CareSuper
MySuper", 127, 323, 568, 1058, 1548], ["HOSTPLUS
Superannuation
Fund", 138, 378, 678, 1278, 1878], ["AMP Flexible
Lifetime", 149, 397, 707, 1327, 1947]

Provided by Virgin Money Financial Services Pty Ltd based information produced by SuperRatings Pty Limited ABN 95 100 192 283 AFSL 311880 (SuperRatings). The funds listed comprise a selection of currently available MySuper public offer funds who either have an active market presence or have a significant amount of funds under management. This fee comparison was prepared without taking into account the objectives, financial situation or needs of any particular individual.

Fees used in the analysis are as at 30 June 2017 using most recent data available to SuperRatings at the time of preparation. Fees include percentage-based administration fees, member fees, investment management fees (incl. performance-based fees) and taxes, but exclude any applicable employer rebates.

Fees are an important consideration for making an investment decision, however, you should also consider other factors, such as investment performance or insurance arrangements offered. Therefore, prior to making any investment decision about any product, you should obtain and consider the Product Disclosure Statement and Financial Services Guide relating to the relevant superannuation product from the product issuer’s website.

Source: SuperRatings Pty Ltd ABN 100 192 283 AFSL No. 311880 (SuperRatings). Fees used in the analysis are as at 30 June 2017 using most recent data available to SuperRatings at the time of preparation. Fees includes percentage-based administration fees, member fees, investment management fees (inc. performance-based fees) and taxes, but exclude any applicable employer rebates.

SuperRatings is a superannuation research house with specialist areas of expertise that was originally established in 2002. The information used in compiling this data comes from sources considered reliable and is not guaranteed to be accurate or complete. Past performance is not a reliable indicator of future performance. The data has been prepared for the purposes of providing “General Advice” (as defined in the Corporations Act 2001 (Cth)) only, without taking into account the objectives, financial situation or particular needs (“financial circumstances”) of any particular person. Before making any decision about a financial product in the data, the reader must consider whether it is personally appropriate in light of his or her financial circumstances, or should seek independent financial advice on its appropriateness. The reader should obtain and consider the Product Disclosure Statement from each superannuation or pension financial product before making any decision about whether to acquire a financial product. SuperRatings research process relies upon the participation of the superannuation fund or product issuer(s). Should the superannuation fund or product issuer(s) no longer be an active participant in SuperRatings research process, SuperRatings reserves the right to withdraw the rating and document at any time and discontinue future coverage of the superannuation and pension financial product(s).

FAQs about our Fee Comparison Tool

  • What types of fees apply to Virgin Money Super?

    Virgin Money Super charges administration fees, investment fees along with indirect costs. Full details can be found on Virgin Money Super’s fees page.

  • How can you tell if you're paying high super fees?

    The only way to know if you're paying high fees is to find out what your super fund is charging you, and comparing the cost to other similar funds.

  • How is insurance charged through super?

    Most super funds offer life insurance for their customers. In many cases, Super funds are required to provide default life insurance as a matter of law. The cost also known as your insurance premiums are taken directly from your super balance. There are both pros and cons to having insurance through your super, one pro being that the premium comes from your super balance rather than your other income.

    Your employer's default super fund must offer a minimum level of life insurance, depending on your age. However you are under no obligation to take up the insurance and can cancel the insurance at any time. Alternatively you can usually increase or decrease the amount of insurance your have.

    If you're reviewing your life insurance, check what cover you have through your super fund so you can compare with other options.

    Find out more about Virgin Money Super Insurance.

  • What are the main types of fees?

    Super funds charge you fees for the services they provide. All funds charge fees, though some less than others. Generally, a super fund with low fees will build your savings faster.

    The main types of fees are:

    • Member fees - General administration fees to cover the cost of keeping your super account.
    • Management or investment management fees (also known as MER) - Fees for managing your investment which can vary for different investment options.
    • Contribution fees - Fees to cover the administration expense of receiving and investing your contributions.
    • Adviser service fees - Fees for personal advice provided about your super and other investments. Your adviser may also receive commissions for certain investments that they recommend to you.
    • Insurance premiums - The cost of insurance provided through your super fund. Many super funds have a set default insurance option. You can usually choose to cancel, decrease or increase your level of cover based on your needs.
  • Want help investing your money?

    Get simple super advice from qualified financial advisers via our specialist Helpline Advice Service. Our Helpline Advice Team can help you make key decisions about your superannuation, including:

    • Salary sacrifice and additional voluntary contributions
    • Rollovers and consolidation
    • Investment choice selections
    • Nominating an appropriate regular super contribution versus paying down debt
    • Co-contributions
    • Spouse contribution splitting
    • Selection of insured benefit levels

    Our advisers will prepare you a written Statement of Advice and send it to you as part of our service. We can even help you put that advice into action on the spot.

    Are you an existing customer? Call us on 1300 652 770.

More about Virgin Money Super

Virgin Money Superannuation - More about Virgin Money Super: Individuals

For Individuals

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Virgin Money Superannuation - More about Virgin Money Super: Employers

For Employers

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Virgin Money Superannuation - More about Virgin Money Super: Understanding Super

All about Super

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