Our fees and costs

So, how do our admin fees stack up?
 

Low admin fees mean more value for you, more confidence about your financial future and more savings to rely on when you stop working. 
 
With this in mind our MySuper SmartPath^® standard admin fees are between 20% and 40% below the MySuper market average, depending on your account balance.¹

^{ChantWest MySuper Default Fee Tables June 2024 – for $50,000 and $100,000 account balances. Fees are for Mercer SmartSuper - SmartPath® (our MySuper product) as at 30 June 2024 for total administration fees and costs. Chant West uses our 1964-1968 investment option for purposes of comparison with other MySuper funds. You may pay less than this if you are in an employer plan with discounted fees. For more details on fees for each of our SmartPath options, or if you’ve chosen your own investment option/s, go to the ‘How Your Super Works' guide online. Fees and costs can vary from year to year. Past fees and costs are not a reliable indicator of future fees and costs. Fees and comparisons may differ for other investment options and account balances.} 

What fees do members pay?  

All super funds charge fees to cover various costs related to your super account. These can include admin fees and costs, investment fees and costs, transaction costs to manage and invest your money, and insurance fees to cover premiums. At Mercer Super we’re committed to helping our members keep more of their money where it belongs – in their super account. By offering low admin fees¹ we’re able to help members do exactly that.  

How do I find out more about Mercer Super fees and costs?

You can see all of our standard fees and costs for all Mercer SmartSuper investment options in the How Your Super Works guide which you can find online. The guide includes a table with a summary of the standard costs per year for each of our investment options for a $50,000 balance, which you can use to compare your Mercer Super with other super funds and investment options. You can also check your annual statement which will show the total dollar value charged in fees for the statement period.

If you’re a member of an employer sponsored plan – your fees may be the same as, or less than, our standard fees.

^{1 ChantWest MySuper Default Fee Tables June 2024 – for $50,000 and $100,000 account balances. Fees are for Mercer SmartSuper - SmartPath® (our MySuper product) as at 30 June 2024 for total administration fees and costs. Chant West uses our 1964-1968 investment option for purposes of comparison with other MySuper funds. You may pay less than this if you are in an employer plan with discounted fees. For more details on fees for each of our SmartPath options, or if you’ve chosen your own investment option/s, go to the ‘How Your Super Works' guide online. Fees and costs can vary from year to year. Past fees and costs are not a reliable indicator of future fees and costs. Fees and comparisons may differ for other investment options and account balances.}

^{2 Excluding investments in Mercer Direct where the asset-based administration fee remains unchanged – and is applied to the total of your account balance invested in Mercer Direct.}

^{3 The investment costs and transaction costs are as at 28 June 2024 and are based on the actual information available and/or reasonable estimates for the financial year ending 30 June 2023. Where applicable, performance fees are based on an average for the five-year period ending 30 June 2023 (or a shorter period if the option has an inception period less than five years) and are included in investment fees and costs. If the actuals are not available for the most recent financial year, we may use a reasonable estimate for that year. For some investment managers, the expenses and performance based fees are based upon the twelve months to 30 June 2023, and for others, earlier dates. Where earlier dates have been used, they represent the latest information provided by investment managers, and we expect them to be similar for the 30 June 2023 financial year. Investment and transaction costs may vary from year to year. For more details see ‘Investment costs’ and ‘Transaction costs’ in the ‘Additional explanation of fees and costs’ section of the How Your Super Works Guide online.}

^{4 Mercer Super member numbers reported to APRA for September 2024 was 1,011,893.}

^{Issued by Mercer Superannuation (Australia) Limited ABN 79 004 717 533, Australian Financial Services Licence 235906, the trustee of the Mercer Super Trust ABN 19 905 422 981 ('Mercer Super'). Any advice provided is of a general nature and does not take into account your objectives, financial situation or needs. Before acting on any advice, please consider the Product Disclosure Statement available at mercersuper.com.au. The product Target Market Determination can be found at mercersuper.com.au/tmd.} 

^{Past performance is not a reliable indicator of future performance.}

^{Ratings are likely to change and are only one factor to be taken into account when deciding to invest in a product.}

^{The value of an investment in the Mercer Super Trust may rise and fall from time to time. The investment performance, earnings or return of capital invested are not guaranteed.}

^{'MERCER’ is an Australian registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917. Copyright ©2024 Mercer. All rights reserved.}