AusSuper Member Direct Fee reduction

Just received the letter. They are reducing the brokerage and annual fee for MemberDirect.

**Fee Reductions**

**Portfolio administration fees:**

|Level of Access|Current|New (from 28 Mar)| |:-|:-|:-| |Cash Account (Cash only)|$30 p.a.|$30 p.a. (no change)| |Term Deposits (Cash + TDs)|$120 p.a.|**$70 p.a.**| |Shares, ETFs & LICs (Full access)|$180 p.a.|**$150 p.a.**|

**Brokerage fees (per transaction):**

***Current****:*

* $0–$13,000 → $13.00 flat * Above $13,000 → 0.10%

***New****:*

* First $12,500 → **$10.00 flat** * Next $37,500 → **0.08%** * Balance over $50,000 → **0.04%**

**Cash Transfer Enhancements**

Currently, transfers in/out of Member Direct are allocated automatically based on your existing investment mix (Super) or contributions strategy (transfers out, Super only).

From 28 March, you'll be able to ***manually specify dollar amounts*** to/from each of your other AustralianSuper investment options when doing a cash transfer. The platform will show default allocations first, but you can override them — including allocating to options you don't currently hold

[https://email.australiansuper.com/Mzg5LVVHUS04NTgAAAGgA9Qp1mdgWxm7aJSzi6kKhd-AKKAx4O49m5-eEayPed6-6LwPqU9R0hHSA471Xa0JosKaXKQ=](https://email.australiansuper.com/Mzg5LVVHUS04NTgAAAGgA9Qp1mdgWxm7aJSzi6kKhd-AKKAx4O49m5-eEayPed6-6LwPqU9R0hHSA471Xa0JosKaXKQ=)