Making super simple
An Accumulation 1 super account is easy to manage and you can keep it throughout your working life, even if you leave the higher education sector. It also gives you the flexibility to grow your super savings while enjoying low administration fees.
This product is generally open to people on 11.5% super who join through one of our eligible employers.
Features
Investment choice
Insurance to suit you
Fees
Our fees cover the costs of managing your account and investments. Some are deducted directly from your account balance and some from your investment returns.
Different investment options have different costs, so make sure you read the Accumulation 1 Product Disclosure Statement (PDF, 1.1 MB) and the Fees and costs booklet (PDF, 271 KB) for the full details of what you pay and how.
| Type of fee | Amount |
|---|---|
| Administration fees and costs1 | $96 or 2% of your account balance (whichever is less) per year (maximum $8 per month). |
| Investment fees and costs2,4 | 0.43%1 per year |
| Transaction costs2,4 | 0.19% per year |
| Buy-sell spread | Not applicable. |
| Switching fee | Not applicable. |
| Other fees and costs3 | Where there is activity related fees and costs they are deducted as described in the Fees and costs booklet (PDF, 271 KB). |
Things you need to know
1 If your account balance is less than $6,000 at the end of UniSuper's income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.
2 The costs component of investment fees and costs and the transaction costs are based on the costs for the year ended 30 June 2024, including several components which are estimates. Costs are subject to change and amounts for prior years are not necessarily reliable indicators of amounts for future years. The costs component of investment fees and costs and the transaction costs you'll be charged in subsequent financial years will vary and depends on the actual costs incurred by the Trustee in managing the investment option. Investment fees and costs includes an amount of 0.03% for performance fees. The calculation basis for this amount is set out under ‘Additional explanation of fees and costs’ in the Fees and costs booklet (PDF, 271 KB).
3 Refer to ‘Additional explanation of fees and costs’ in the Fees and costs booklet (PDF, 271 KB).
4 The investment fees and costs and transaction costs for other investment options are set out in the Fees and costs booklet (PDF, 271 KB). They are calculated on the same basis, and paid at the same frequency and in the same manner as the Balanced investment option.
Find out more about Accumulation 1 in the Product Disclosure Statement (PDF, 1.1 MB) and read if this product has been designed for someone like you in the Target Market Determination (PDF, 171 KB).