We’re pleased to announce that on 1 July 2021 we’re reducing your percentage-based administration fee by 10% from 0.20% to 0.18%. As every little bit counts, we think that this move will provide a welcome boost to your retirement savings over the long term.
We regularly review our fees and charges, and are glad that we can pass on a second percentage based administration fee reduction in the last few years.
Our commitment to you
We’re dedicated to providing outstanding performance at the lowest possible cost and continually look at ways to provide the best value possible for your super. As a result, we are pleased that we can pass on a fee decrease despite increases in government regulations and reporting requirements. As a profit-for-member fund that exists solely for the benefit of you, we look to pass on any savings we can.
Along with the fee reduction, we offer a range of benefits to help our members achieve their retirement objectives, including:
- strong historical long-term returns to help you grow your savings*
- super that is managed by a team of internal and external investment specialists
- access to expert advice over the phone or in person from TelstraSuper Financial Planning
- flexible and affordable insurance options so you’re only paying for the insurance you need
- being with one of Australia’s leading profit-to-member funds
- online access to your account anytime through SuperOnline
Find out more about the benefits of joining TelstraSuper
In addition we have reduced the total administration fee cap
The annual cap on the administration fee will be reduced to $1,878 (down from $2,735 per year) , which means eligible couples and individual members will be eligible for an admin fee rebate if they have an account balance of at least $1,000,000 (reduced from $1,328,181) for individuals, or a combined account balance of $956,700 for couples (reduced from $1,289,181). As your balance grows, your administration fees won’t once you reach these new account balance limits.
Making super better for you
We always strive for ways to take the hard work out of super for you, whether it’s developing great products and advice services, or enhancing our digital capabilities. There are some exciting things happening at the fund which will mean you can manage your super easier than ever before. We’ll be in touch soon with updates.
We’re here to help
We’ve got lots of ideas on how to make your super work harder for you, just see the ways you can take control. You can also give us a call on 1300 033 166 and speak with an Adviser from TelstraSuper Financial Planning who can talk to you about your insurance, investment choice or boosting your super. General and simple personal advice about your TelstraSuper account is available over the phone. There's no additional cost for our phone-based advice as this is included in your TelstraSuper membership.