HARNESS THE POWER OF YOUR SUPER

The fees for Superhero Super are made up of an administration fee and investment fee. The administration fee paid by you for Superhero Super is $52 per year regardless of your account balance plus 0.49% of your account balance per year. The investment fees depend on the investment option(s) your super is invested in.  Additional fees apply for Direct Investments.

Please read the Superhero Super Product Disclosure Statement and Additional Information Guide for full details of the fees for Superhero Super. Please refer to the Direct Investment Guide for full details of the Direct Investment option.

For Superhero MySuper fees please visit www.superhero.com.au/mysuper.

Superhero Super offers a wide range of investment options across Diversified, Single Sector, Thematic and Direct Investments. Our Diversified and Single Sector options are managed by global investment leader Mercer. Our thematic investments are managed by global ETF providers including Betashares and iShares, and our Direct Investments include individual shares in the S&P/ASX300 Index and a range of over 200 ETFs, LICs and Hybrids**.

Superhero's Diversified and Single Sector investment options are managed by global investment leader Mercer, who manages $63 billion in superannuation for over 850,000 Australians across a range of super funds. The investment options offered to you as a member of Superhero Super each have an investment objective and are actively managed by a team of investment professionals who try and beat the objective.

There are a few key differences to Superhero Super when compared with other funds. One of the biggest differences is that Superhero Super gives you the flexibility to invest in just one professionally managed, diversified investment option (e.g. High Growth), or select your own investment mix across Diversified, Single Sector, Thematic and Direct investment options.**

Our Direct Investment option allows you to invest a portion of your super into individual shares in the S&P/ASX300 Index and a range of over 200 ETFs, LICs and Hybrid securities, all without needing to open a self-managed super fund (SMSF). Superhero Super provides access to these investments with a low fee of just $1 per week and $5 brokerage each time you buy or sell a direct investment.

For example, a member of Superhero Super in 2023 with a balance of $50,000 – half of which in the Growth option and the other half held in Direct Investments – would have annual fees of just $426.50 plus any brokerage fees or transaction costs incurred through buying and selling investments throughout the year as well as any management fees for ETFs or LICs held as Direct Investments.

In comparison, according to a report by Rice Warner in 2020 on the Costs of Operating SMSFs found that the average mid-level costs for an SMSF were a setup fee of $1,890, administration fees of $1,689 per year and an investment fee of 0.47% which on a balance of $50,000 would be $235.

This would mean total first year costs of $3,814 for an SMSF with a balance of $50,000.