Superannuation fund fees

Jul 22, 2014

Q. Do you know how much you are paying in fees each year to your superannuation fund? 

 

Total

 

Men

Women

Aged

18-34

Aged

35-54

Aged 55+

 

Industry fund

Retail fund

Self-managed

Yes, I know exactly

18%

 

22%

15%

9%

18%

35%

17%

21%

46%

Yes, I know approximately

41%

 

42%

41%

38%

41%

46%

43%

51%

40%

No, I don’t know

40%

36%

44%

53%

41%

19%

41%

28%

14%

18% say they know exactly how much they are paying in fees to their superannuation fund, 41% know approximately and 40% don’t know.

Those more likely to not know how much they were paying in fees were aged 18-34 (53%) and those with lower education levels (49% of those with no post-secondary education).

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