We work hard to give your super the best chance to grow. And, just like all super funds, we charge fees and costs to look after and invest your super.
To get the most from investing with us, it pays to know the benefits of being a Plum Super member.
Active Investment Management
Strong Performance1
Award-winning super2
When it comes to choosing the right super fund to support your retirement goals, it helps to know what you’re paying for.
Watch this short video to learn more about the main types of fees and costs associated with our Plum Personal Plan, Plum Corporate Plan and Plum Retirement Income products.
MLC MySuper is designed to be simple and cost-effective – for further information on fees and costs, refer to the Product Disclosure Statement (PDS) and Fee Brochure.
This table provides an example of how the fees and costs for the MLC MySuper investment option can affect your super over a 1-year period. You should always refer to the PDS of your plan, as the figures shown below do not take into account any applicable discounts or employer subsidisation arrangements.
| Example - MLC MySuper | Balance of $50,000 | |
| Administration fees and costs | 0.21%1 pa + $78 pa ($1.50 per week) | For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $105 in administration fees and costs, plus $78 regardless of your balance |
| PLUS Investment fees and costs | 0.69% pa | And, you will be charged or have deducted from your investment $345 in investment fees and costs |
| PLUS Transaction costs | 0.05% pa | And, you will be charged or have deducted from your investment $25 in transaction costs |
| EQUALS Cost of product | If your balance was $50,000, at the beginning of the year then for that year you will be charged fees and costs of $5532 for the superannuation product. | |
Note: Additional fees may apply.
1 Includes other administration fees and costs of 0.04% pa that are paid from reserves and not charged to your account.
2 $20 is paid from reserves and $533 is charged to your account.
The Cost of product shown in the example is based on the MySuper Growth Portfolio. For Cost of product information on each investment option, please refer to the Fee Brochure.
This information is current as of 1 October 2025 and is subject to change.
We aim to clearly outline our fees, from administration to investments, to ensure transparency in all we do, so there are no unexpected surprises for members.
The below section shows a breakdown of the fees and costs you may be charged. Please refer to the Product Disclosure Statement relevant to your product.
Administration fees and costs relate to the administration and operation of the fund and include the trustee’s costs and expenses, audit fees and other regulatory costs. They are made up of administration fees charged to your account and other administration costs paid from fund reserves. They cover the costs of managing your account, the maintenance and servicing of things, like our call centre and mobile app, and the general costs of running the fund.
Administration fees for Plum Personal Plan, Plum Corporate Plan, Plum Retirement Income products have three components.
From 1st October 2025 our administration fees and costs will be as follows:
As part of the fee changes from 1 October 2025, we’ll be deducting an amount from the general reserve (estimated at 0.04% pa of fund assets).
These fees and costs are not charged to your account. However, they reduce the level of the reserve remaining available to the trustee to use for the benefit of members generally. It is made up of:
If you are a Plum Corporate Plan member, your employer may have negotiated a discount on your fixed fee and/or percentage administration fee, depending on the size of your employer’s plan, or your employer may pay some or all of your fees. To view your fees, log into your account and navigate to the Statements and Documents section, and view your ‘Get to Know Guide’.
You can also view the fees and costs deducted from your account on your annual statement.
Investment fees and costs include investment fees charged by us, which cover the costs of investing the underlying assets, and certain costs incurred by underlying investment managers and management costs associated with derivatives.
These costs include performance fees which are fees paid to investment managers when their performance exceeds a specified level. Different performance fees may apply to different investment managers and performance fees vary depending on each investment manager's performance.
The total investment fees and costs you pay will depend on the investment option/s you’re invested in. This is because each investment option may have different investment fees and costs, depending on the asset allocation and investment managers used.
If you’re unsure where your super is invested, log into your account or get in touch on 1300 55 7586.
You won’t see these fees and costs as direct charges to your account. They’re reflected in the daily unit price of each investment option and will reduce the net return on your investment.
Investment fees and costs may vary from year to year. Past investment fees and costs therefore aren't a reliable indicator of future investment fees and costs.
When assets in an investment option are bought or sold, costs such as brokerage, stamp duty, settlement costs and buy-sell spreads (when transacting in certain underlying investment products) are incurred at the time investments are purchased or sold. These are known as gross transaction costs.
Some or all of the gross transaction costs may be recovered by a buy-sell spread charged to members. Buy-sell spreads are fees charged to transacting members to recover transaction costs incurred in relation to the sale and purchase of the fund assets. They are charged whenever there's a transaction on a member’s account, such as a contribution, withdrawal, rollover or investment switch.
The buy-sell spreads may change daily and in certain circumstances, increase or decrease significantly. The current buy-sell spreads of an investment option are available by logging in to your account.
You won’t see these costs as direct charges to your account. They’re reflected in the daily unit price of each investment option and will reduce the net return on your investment.
If you have insurance cover through your super, you may pay insurance fees for that cover. This fee forms part of the overall premium deduction from your super account balance each month, so you won’t see it as a separate transaction when viewing your account online. We’ll display both the insurance premiums and the insurance fee charged by us in the insurance premiums, in your Annual Statement.
Our insurance fee covers the cost of administering insurance including underwriting, policy renewal, and claims processing and is calculated as a percentage of your insurance premium.
You can log into your account to view your insurance cover.
If you need comprehensive financial advice, there is a fee you’ll need to pay. If you are a member of the Plum Personal Plan you can consent to us deducting an Adviser Service Fee from your account to pay for advice solely in relation to your super account.
For more information on other fees and costs that may apply, please refer to the Product Disclosure Statement relevant to your product. You should read all the important information about fees and other costs because it is important to understand their impact on your investment.
The ASIC super calculator can be used to calculate the effect of fees and costs on account balances.
The growth of your super balance depends on a range of factors, not just fees. The performance of your super fund can make a big difference to your balance.
The MLC MySuper Growth Portfolio – where the majority of our MySuper members are invested – delivered a strong, double-digit return of 10.1% over the year to 30 June 2025, and 9.2% p.a. over five years. View our latest returns.
Note: past performance is not a reliable indicator of future performance.
Investment fees for Plum investment options go towards the services provided by MLC Asset Management, our investment experts and the underlying specialist investment managers that they select.
They invest in a range of assets across the globe, giving our members’ super the best opportunity to grow over the long-term and use an investment approach to structure portfolios with the aim of delivering more reliable returns in many potential market environments.
Some lower-cost investment options are passively managed whereas others balance active and passive management. The aim is to keep costs low while achieving returns similar to the market.
Find out more about MLC Asset Management’s investment philosophy that guides how they manage our members’ money, their investment process and the investment managers used in the Plum investment options.
The amount of investment fees and costs you pay can vary depending on the asset class, investment style, or strategy.
The total investment fee you pay will depend on the investment option you’re invested in (e.g. growth, conservative, cash etc.). This is because each investment option incurs different transactional and operational costs, depending on the asset allocation and investment managers used.
Options investing in defensive assets will generally have a lower investment fee than those investing in growth assets. This difference in investment fees across asset classes is driven by numerous factors including the risk and complexity of the asset class, the liquidity of the underlying investments, and the number and type of underlying jurisdictions invested in.
Generally, you can find the fees and costs for a super product in their Product Disclosure Statement (PDS).
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1 SuperRatings Fund Crediting Rate Survey, SR50 MySuper Index to 30/06/2024. The MLC MySuper Growth Portfolio investment option outperformed the median returns of options surveyed over 3 and 5 years. Returns are calculated net of investment fees, tax and implicit asset-based administration fees. Explicit fees such as fixed dollar administration fees, exit fees, contribution fees and switching fees are excluded. Past performance is not a reliable indicator of future performance. Ratings are only one factor to be taken into account when choosing a super fund.
2 Awards and ratings are only one factor to consider when choosing a super fund. For more details on Plum Super's awards and ratings, visit plum.com.au/awards
This communication is issued by NULIS Nominees (Australia) Limited (NULIS) (ABN 80 008 515 633, AFSL 236465. NULIS is the trustee of the MLC Super Fund ABN 70 732 426 024. NULIS is a member of the Insignia Financial group of companies, comprising Insignia Financial Ltd (ABN 49 100 103 722), and its related bodies corporate (Insignia Financial Group). Plum Super is part of the MLC Super Fund.
The information in this communication is general in nature and does not take into account your objectives, financial situation or needs. Because of that, before acting on this information, you should consider its appropriateness, having regard to your objectives, financial situation and needs, plus consider the relevant Product Disclosure Statement (PDS). We recommend you obtain financial advice tailored to your own personal circumstances. A copy of the relevant PDS is available on the website at plum.com.au or by calling us on 1300 55 7586.
While care has been taken in the preparation of this communication, neither NULIS nor any member of the Insignia Financial Group accept responsibility for any loss or liability incurred by you in respect of any error, omission or misrepresentation in the information in this communication.
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