Netwealth Super Accelerator Changes


Notification of changes - 1 March 2020

Summary of the changes

New PDS available.

On 1 March 2020 Netwealth issued a new product disclosure statement for Super Accelerator (PDS). Below is a summary of the key changes which may impact the way you use Super Accelerator. You should obtain and read the PDS for the full details. The PDS is available from the Forms and documents section on our website or by contacting us.

The changes outlined below are all of the material changes that may impact on your existing Super Accelerator account. The PDS includes new information about how Super Accelerator works which may be relevant to you. However any other material change to the terms and conditions of Super Accelerator that are included in the PDS and are not mentioned in this notice will apply only to new accounts opened after 1 March 2020, unless otherwise notified to you or agreed with you by us.

This notice includes information about:

This notice also includes information about a number of fee changes including:

Insurance premiums on transfer from Employer Sponsored Super to Personal Super


If you are a member of Super Accelerator Employer Sponsored Super and you transfer from Employer Sponsored Super to Personal Super and, at the time of transfer, you have Employer Group Insurance, your premiums will generally increase in Personal Super.

The premiums will be based on the occupational rating that was applicable to your Employer Plan and on non-smoker rates. To find out the occupational rating and smoker status that apply to you and applicable premiums, please contact us.

Change to the cash account and associated costs


The description of the cost identified as a ‘cash account fee’ has been changed to ‘interest retained on the cash account’ to better describe the nature of this cost to members. There is no change to the way this cost is applied or the way it is calculated. This cost is not deducted from your account. 

Changes to the way we charge for Super Accelerator Plus


From 1 March 2020 the administration fee for new investors in Super Accelerator Plus has been replaced with a new account fee.

The new account fee will apply to existing Super Accelerator Plus accounts from 1 January 2021 and will be a reduction in fees for most members. You can change your account to the new fee scale before 1 January 2021 if you wish.

The new account fee for Super Accelerator Plus accounts will apply based on a percentage of your account balance, plus a fixed amount. The account fee is subject to a minimum daily amount and is calculated as follows:

Account balance % applicable
$0 to $250,000 0.37% p.a.
$250,000 to $500,000 0.27% p.a.
$500,000 to $1,000,000 0.17% p.a.
$1,000,000 to $2,500,000 0.06% p.a.
Balance over $2,500,000 Nil.


The fixed amount is calculated daily at the rate of $240 per calendar year which applies to each Super Accelerator Plus account

The minimum account fee is calculated daily, at the rate of $550 per calendar year and applies to each Super Accelerator Plus account.

If you wish to transfer your account to the new fee scale before 1 January 2021 or obtain more information about the impact of this change on your account, please contact your adviser or Netwealth.

You can find information about your existing account fee rates by logging onto your account and viewing your fee profile, or by contacting us. If you or your adviser have previously negotiated different fees to apply to your Netwealth account, the fees in this table may not apply to you.

There is no change to the administration fee for Super Accelerator Core.

Changes to the international securities fee for Super Accelerator Plus


We have changed the way the Administration fee – international securities fee is calculated and introduced a tiered fee structure as set out below. This change results in a reduction in the amount of the fee for members who hold over $1m in international securities.

Value of international securities % applicable
$0 to $1 million 0.150% p.a.
$1 million to $2 million 0.125% p.a.
$2 million to $3 million 0.100% p.a.
Balance over $3 million 0.050% p.a.


The international securities fee is calculated daily and is deducted monthly in arrears from the cash account, or on full withdrawal from the account.

This change applies to all Super Accelerator Plus accounts effective from 9 January 2020.

Upfront member advice fee on future contributions


If you have nominated a financial adviser, you may agree with them to pay an upfront member advice fee on initial contributions or rollovers into your account.

From 1 March 2020 we will not accept a new standing instruction from you to pay an upfront member advice fee on any subsequent contributions or rollovers or in relation to a regular contribution plan.

Where you have previously provided an instruction to us to pay an upfront member advice fee on any subsequent contributions or rollovers or in relation to a regular contribution plan, this instruction will continue to apply until further notice, however the fee will not be applied to superannuation guarantee contributions included in the contribution. You can find information about your member advice fees by logging onto your account and viewing your fee profile, or you can contact Netwealth. If you want to change your member advice fees you should contact your adviser or Netwealth.