Here are our seven membership levels with the reduced percentage-based admin fee. The table also shows your discount, calculated from the full percentage-based admin fee;
% based admin fee
Your discount calculated from the full % based fee
The effect of the percent sign It is important to remember that 0.92% is very different to 0.92. These numbers are 100 times different in size. When you add the “%” symbol, the number expressed as a decimal is 0.0092.
How it worked for Emily
Emily joined Student Super while studying in 2018. After doing some casual jobs, her super balance reached $1,800. She unlocked the Bronze discount level on December 16, 2022, when the program commenced.
Emily is now taking a few months off to travel around Europe before she starts full time work.
Even though Emily isn't working, she'll unlock the next level, Bronze Plus, and lower fees on December 16 2023, just by staying with the fund.
This is general information only and does not take account of your personal objectives, financial situation or needs. Before acting on it, consider if the information is appropriate and whether you need to speak to an accredited professional. When considering financial returns, past performance is not indicative of future performance.
This product is issued by Diversa Trustees Limited (ABN 49 006 421 638; AFSL No. 235153; RSE Licence L0000635) as trustee for Professional Super which is a sub-fund of the Tidswell Master Superannuation Plan (ABN 34 300 938 877; RSE R1004953). Professional Superannuation Management Pty Ltd (ABN 31 617 160 791; AFSL No. 499786) (PSM) is the Promoter of Professional Super, which is marketed under multiple brands including Student Super.