What fees does superannuation charge?
Typically an administration fee, an investment fee for your chosen option, transaction costs, sometimes a fixed dollar account fee - plus insurance premiums if you hold cover through the fund.
In one InvestHAQ illustration, total fees of 1% rather than 2% left a mid-career professional $272,961 better off at age 65.
Super fees compound over a 40-year working life, which is why a difference that looks trivial as a percentage is not trivial as a dollar figure.
Superannuation is a long-term investment with access restrictions. Consider your circumstances, and consider licensed advice, before changing arrangements.
Factual and educational information only. Nothing on this page is financial product advice, a recommendation, or a Shariah ruling. Consider your circumstances and the product's disclosure documents, and seek licensed advice and qualified scholarly guidance before acting.