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Pension fees and costs

Pension fees and how they relate to your account

As an industry fund, REI Super is run only to benefit our members. We work for you, not shareholders. This means we can keep our fees low as we do not pay dividends to shareholders. 

Fees for REI Super Pension accounts

Type of fee / cost Amount How and when paid
Investment fee From 0.15% to 0.50% p.a. depending on the investment optionThese fees are not deducted directly from your account. They are deducted proportionately from the investment option and reflected in the calculation of the unit prices. 
Administration fee $85.80 p.a. ($1.65 per week) + 0.25%

The dollar fee is deducted from your account balance monthly in arrears or on the date your account is closed. 

 

The percentage fee is not deducted directly from your account. This fee is deducted proportionately from the investment option and reflected in the calculation of the unit prices.  

Buy / sell spread

Buy spread from 0% to 0.15% depending on the investment option.


Sell spread from 0% to 0.15% depending on the investment option. 

These amounts are not deducted directly from your account. They are charged each time units are bought or sold on your behalf and reflected in the calculation of the unit prices.   
Investment Switching fee $0 N/A
Advice feeNilAdvice fees only apply to comprehensive personal financial planning and setting up or reviewing a Transition to Retirement (TTR) strategy.
Indirect cost ratio From 0% p.a to 0.46% p.a depending on the investment option These fees are incurred indirectly by our investment managers and are attributed to the investment option before the gross investment returns have been determined.  

Updates to Pension PDS for Non-materially Adverse Changes

Effective 1 July 2019, REI Super Pension is making changes to fees and costs that may impact you.

Updates to Pension PDS for Non-materially Adverse Changes

See full details of REI Super Pension fees and costs

pdf
(pdf - 702 KB)

Superannuation fees and costs

pdf
(pdf - 183 KB)

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.

Account balanceRebate %
First $300,000Nil
Amount over $300,0000.28 % 

Fee cap on low account balances

If your super account has less than $6,000, fees will be capped at 3% of the account balance. This will help prevent accounts with low balances from being eroded away by fees.

Fees that will be capped:

  • Investment fee
  • Administration fee
  • Indirect costs

Any amount charged in excess of this cap will be refunded. 

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