MySuper Dashboard

CPI

CPI stands for Consumer Price Index, which is used as a measure of inflation.

Investment risk

The main risk when investing your super is that your savings will fall short of your income needs in retirement. The appropriate level of risk will depend on when you need to access your super savings.

Standard Risk Measure

The Standard Risk Measure is used across super funds to help members compare the risk levels of investment options. It is the short-term risk that your super savings will be reduced by volatility (or the ups and downs) of investment markets and the estimated number of negative returns that may be experienced in 20 years. Actuarial calculations are done to come up with an estimate for each investment option.

Return

The net return is the average annual return over ten years to 30 June 2023 for the investment option after taxes, fees and costs¹. 

Return target

The return target is an estimate of the expected return above inflation over a ten year period for the investment option after taxes, fees and costs¹.  

One year return

The financial year return for each of the last ten years for the investment option after taxes, fees and costs¹. 

Ten year average return

Is the average annual return at 30 June for the last ten financial years for the investment option after taxes, fees and costs¹.

Ten year moving average return target

Is the actual ten year average return target for the investment option after taxes, fees and costs¹.

1 Fees and costs comprise Administration fees and costs (including the Flat and Asset-based administration fee based on a member with an account balance of $50,000), Investment fees and costs, and Transaction costs.

The statement of fees and costs includes the following fees and costs for the AustralianSuper MySuper Balanced investment option based on a member with an account balance of $50,000 throughout the year:

Administration fees and costs

Administration fees are paid into the Fund’s administration reserve and the Fund pays its administration costs from that reserve. They comprise three components:

1. Flat administration fee of $1 per week ($52 each year) deducted monthly from your account.
2. Asset-based administration fee of 0.10% pa ($50 each year on a balance of $50,000) capped at $350 pa deducted monthly from your account.
3. Administration costs paid from reserves that are not otherwise charged as administration fees - Nil based on the previous financial year. They are variable and are likely to change from year to year.

Investment fees and costs

0.50% pa ($250 each year on a balance of $50,000) deducted from pre-tax investment returns.

Investment fees and costs are charged to cover our costs of managing your investments and include external investment management fees and performance fees. 

They are calculated based on previous financial year(s) and are variable and are likely to change from year to year.

Transaction costs

0.06% pa ($30 each year on a balance of $50,000) deducted from pre-tax investment returns.

Transaction costs comprise a broad category of costs we incur that relate to buying or selling underlying investments.

They are calculated based on the previous financial year and are variable and are likely to change from year to year.

Read Fees and costs – additional information for more details about the fees and costs above and other fees and costs that might apply.