1 Savings is the difference between the (reduced) Aware Super Retirement Income Conservative Balanced option total fee at 1 June 2025; and the ‘Overall average’ total fee; as published in the Chant West Pension Fund Fee Survey March 2025: Balanced [41-60] Category based on a $250,000 balance. Fees may have changed since. Fees vary each year & include admin/investment fees and costs, & transaction costs. Fees differ for other investment options & account balances.
Lower fees for retirees
For our retirees with a Retirement Income account or Retirement Transition account, our new structure starting on 1 June 2025 means our fees have come down as much as 25%.[F7]
The reduction sees the asset-based administration fee go down from 0.23% to 0.17%, with the annual fee cap dropping from $1,500 to $1,300.
That’s around $3,100 back in your pocket over retirement,[F8] so you have more money in your pocket to spend on the things you love.
How do our members benefit?
Lowered fees
This reduction will make our fees even more competitive — in fact $600 lower than the industry average1. And that’s thanks in part to our continued growth and scale.
More savings
The reduction will see around $3,100 back in our retirees’ pockets over retirement.[F8]
More value
Coupled with our history of strong long-term returns[P1] and our expert
help and support1 ,we’re delivering more value for our members.
How are we lowering fees?
As more members join and retire with Aware Super, we’re able to spread costs more efficiently. That means we can return more value to our 1.1+ million members[M4] in the form of lower fees and more super helpful services like our popular My Retirement PlannerTM.
What is the administration fee?
The administration fee has two parts:
- an account keeping fee (fixed at $52 per year).
- an asset based fee.
Your asset-based fee is a percentage of your account balance with a capped maximum amount each year.