Administration fees and costs cover the cost of managing your super account and the overall operation of the fund. This includes a fixed weekly fee plus a percentage-based fee on your account balance.
A portion of the total is paid from the fund’s expense reserve and does not come directly out of your account. Some of the administration fees and costs vary depending on the investment option you choose.
We recommend that you read the detailed explanation of our fees in our Product Disclosure Statement and our Reference Guide.