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Super Fee Calculator

Calculator

Calculate how much your super fees cost you over time and see the true impact on your retirement savings.

Free to useNo data storedAI insightsUpdated: February 2026

Superannuation fees might seem small as a percentage, but over a 30-40 year working lifetime they can consume a staggering portion of your retirement savings. A difference of just 0.5% in total fees can mean over $100,000 less in your super at retirement. This calculator shows you the total dollar cost of your current fees and helps you understand what you're really paying.

Enter Your Details

Enter Your Details

$

Your super balance today

$

Used to estimate future employer contributions

Your age now

When you plan to retire

$

Fixed dollar fee charged per year

%

Percentage-based fee on your balance

$

Life, TPD, and income protection premiums deducted from super

%

Estimated annual return before fees

Real-World Examples

The Hidden Cost

Jake, 30, has $60,000 in super with a fund charging 1.2% in total fees + $100 admin fee.

Over 37 years to retirement, Jake will pay approximately $185,000 in total fees. Switching to a 0.5% fee fund could save him $110,000 — enough for 2+ extra years of retirement income.

Insurance Drain

Priya, 35, pays $80/month in insurance premiums from her super without realising it.

That's $960/year. Over 32 years, accounting for lost investment returns, the insurance premiums cost Priya approximately $65,000 in retirement savings. She should review if she needs all that cover.

Frequently Asked Questions

Glossary

Admin Fee
A fixed dollar or percentage fee charged to administer your super account. Covers costs like member communications, statements, and account management.
Investment Fee
A percentage-based fee charged on your balance for managing and investing your super. Covers fund manager costs, trading, and research.
Buy/Sell Spread
A small fee applied when you buy or sell units in your investment option. It covers the transaction costs and is not included in the quoted fee percentage.
Indirect Cost Ratio (ICR)
The total of all indirect fees and costs that reduce your investment returns, expressed as a percentage of your account balance.

Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Interest rates, fees, and policies change frequently. Always verify information with lenders directly. This is general information, not personal financial advice. Consider seeking advice from a licensed mortgage broker or financial advisor.

Last updated: February 2026

How to Use
  1. Enter your current super balance and annual income.
  2. Input your age and planned retirement age.
  3. Add your fund's admin fee (fixed dollar amount per year).
  4. Enter the investment fee percentage (check your fund's PDS or annual statement).
  5. Optionally add your insurance premiums deducted from super.
  6. See the total lifetime cost of fees and the impact on your final balance.
Key Information
  • The average total super fee in Australia is around 1.1% of your balance per year.
  • Low-cost funds charge as little as 0.3-0.5% total fees.
  • Insurance premiums are often forgotten fees that can significantly reduce your balance.
  • APRA's Heatmap ranks funds on fees — check how your fund stacks up.
Pro Tips
  • Your annual super statement shows all fees — look for 'total fees and costs' in the 'fees and other costs' section.
  • Consider whether the insurance cover through your super is actually needed or if you're over-insured.
  • Percentage-based fees hurt more as your balance grows — a $2M balance at 1% = $20,000/year in fees.
  • Some funds offer lower fees for members with higher balances (tiered pricing).
Avoid These Mistakes
  • Ignoring insurance premiums which can be $500-$2,000+ per year deducted from your balance.
  • Only comparing investment fees and forgetting about admin fees, which vary greatly between funds.
  • Thinking low fees always mean poor performance — many low-fee funds are top performers.
  • Not realising that 'buy/sell spreads' are an additional cost not included in the quoted fee percentage.
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