We’re built to benefit our members
At CBUS we’re here to support our members, delivering profit back to them. When choosing an income stream for your retirement, it's important to compare all the fees and costs, as they’ll impact on how long your money will last.
Fees and costs
| Type of fee or cost | Amount | How and when paid | |
|---|---|---|---|
| Ongoing annual fees and costs1 | |||
| Administration fee and costs3 |
$1.00 per week ($52 a year) Plus 0.19% of your account balance up to $1,000 a year Plus 0.04% a year2 |
Deducted from your account at the end of each month or when you close your account
Deducted from fund reserves (not from your account) |
|
1 If your account balance for a product offered by the Fund is less than $6,000 at the end of the Fund's income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 These figures are estimates based on costs for the previous financial year and may change. The actual fees will be determined at the end of the financial year and published in your 30 June statement. The calculation basis for these amounts is set out in the Additional explanation of fees and costs section of the CBUS Transition to Retirement Super Income Stream PDS (PDF) and the CBUS Fully Retired Super Income Stream PDS (PDF).
Investment fees and costs and transaction costs for each investment option
Investment fees and costs
Investment fees and costs are the costs including fees paid to external and internal investment managers, custodians and asset consultants, and bank fees. These costs and how they impact your account depend on the type of investment option you select. For our Pre-mixed and DIY investments, these costs vary for each option and are paid from investment earnings before they’re added to your account. Investment fees and costs may change from time to time because of changes in performance and/or other investment related fees and costs from year to year (see below). These figures have been estimated based on the actual fees for 2025/26.
Transaction costs
Transaction costs relate to the buying and selling of investments. They may include third party costs such as settlement costs, stamp duty, clearing costs, foreign exchange costs, brokerage, buy-sell spreads and costs incurred by an interposed vehicle that would be a transaction cost if incurred by the Fund. As we don’t charge a buy-sell spread to our members, transaction costs are deducted from returns before the crediting rate is applied to your account
| Investment option | Transition to Retirement accounts | Fully Retired accounts | ||||
|---|---|---|---|---|---|---|
| Investment fees and costs 2, 3 | Transaction costs 2 | Total investment fees and costs and transaction costs | Investment fees and costs 2, 3 | Transaction costs 2 | Total investment fees and costs and transaction costs | |
| Pre-mixed investment options | ||||||
| High Growth | 0.45% | 0.08% | 0.53% | 0.45% | 0.08% | 0.53% |
| Growth Plus | 0.43% | 0.08% | 0.51% | 0.43% | 0.08% | 0.51% |
| Growth | 0.42% | 0.08% | 0.50% | 0.42% | 0.08% | 0.50% |
| Indexed Diversified | 0.09% | 0.02% | 0.11% | 0.09% | 0.02% | 0.11% |
| Conservative Growth | 0.33% | 0.06% | 0.39% | 0.33% | 0.06% | 0.39% |
| Conservative | 0.27% | 0.03% | 0.30% | 0.27% | 0.03% | 0.30% |
| DIY investment options | ||||||
| Overseas Shares | 0.33% | 0.04% | 0.37% | 0.33% | 0.04% | 0.37% |
| Australian Shares | 0.37% | 0.09% | 0.46% | 0.37% | 0.09% | 0.46% |
| Property | 0.56% | 0.07% | 0.63% | 0.56% | 0.07% | 0.63% |
| Diversified Fixed Interest | 0.21% | 0.00% | 0.21% | 0.21% | 0.00% | 0.21% |
| Cash | 0.04% | 0.00% | 0.04% | 0.04% | 0.00% | 0.04% |
2 These figures are estimates based on costs for the previous financial year and may change. The
actual fees will be determined at the end of the financial year and published in your 30 June statement.
The calculation basis for these amounts is set out in the Additional explanation of fees and costs
section of the Fees and costs guide (PDF).
3 Including performance fees (see table below)
Performance fees
Some of the Fund’s external investment managers may be entitled to a performance fee. As well, managers of interposed vehicles in which our investment options are invested may charge performance fees. Performance fees are generally calculated as an agreed percentage of any investment performance above an agreed hurdle rate. The performance fees in the following table are the average of the performance attributable to each investment option for the last five financial years to 30 June 2026.
| Investment option | Transition to Retirement option | Fully Retired option |
|---|---|---|
| Performance fee 4 | ||
| Pre-mixed options | ||
| High Growth | 0.05% | 0.06% |
| Growth Plus 5 | 0.05% | 0.05% |
| Growth | 0.04% | 0.04% |
| Indexed Diversified 5 | 0.00% | 0.00% |
| Conservative Growth | 0.02% | 0.02% |
| Conservative | 0.01% | 0.01% |
| DIY Options | ||
| Overseas Shares 5 | 0.00% | 0.00% |
| Australian Shares 5 | 0.07% | 0.07% |
| Property 5 | 0.00% | 0.00% |
| Diversified Fixed Interest | 0.00% | 0.00% |
| Cash | 0.00% | 0.00% |
4 Performance fees based on the average performance fees for the five years to 30 June 2026. Investment fees and costs are deducted from returns before they're credited to member accounts and are calculated each year in arrears. The fees usually change from year to year and are different for each investment option. The figures shown are estimates based on expenses for the previous financial year and may change. They include an amount for performance fees based on the average performance fees for the five years to period ending 30 June. The actual fees will be determined at the end of the financial year and published in your 30 June statement. Where investment options have not been available for five years, the performance fee is the average since the option commenced.
5 As this option started less than five years ago, the performance fee is the average for the period since the option commenced.
CBUS Self Managed fees and costs
See the CBUS Self Managed investment guide (PDF) for details of fees and costs. CBUS Self Managed isn’t available for Transition to Retirement accounts.
Further reading
You can read more about Super Income Stream fees and costs by clicking on the link below.
Retirement accounts
Learn how a Super Income Stream account lets you access your super from 60, even if you're still working.
Investment options
Whether you're just starting out, looking to wind back or clocking off for good, we have investment options to suit your needs.