Being an industry super fund, we work for you - not shareholders. And as such, we’re big on keeping fees as competitive as possible, making your money work harder for you.
1. If your account balance for a product offered by the superannuation entity is less than $6,000 at the end of the entity’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. Investment fees and costs include an amount of between 0.00% and 0.05% pa for performance fees depending on the investment option. The calculation basis is set out under Additional explanation of fees and costs in our Fees and Costs Guide.
3. Investment fees and costs and transaction costs are estimates and the actual amount will change from year to year and may be more or less than the amounts shown. See Additional explanation of fees and costs in our Fees and Costs Guide.
4. Activity fees, advice fees for personal advice, and insurance fees may apply. For further information see Additional explanation of fees and costs in our Fees and Costs Guide.
Fee rebate
If your total account balance is over $300,000, you will receive a fee rebate on the portion of your account that is over $300,000.
Fee cap on low account balances
If your account balance is less than $6,000 at the end of the 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.