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.
|Type of fee or cost ||Amount ||How and when paid |
|Investment fee ||From 0.15% p.a. to 0.52% p.a. depending on the investment option. ||These 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% p.a. ||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. |
|Switching fee ||Nil ||Not applicable. |
|Advice fee||Nil||Advice fees only apply to comprehensive personal financial planning and setting up or reviewing Transition to Retirement (TTR) strategy.|
|Insurance fees||Vary depending on the level and type of cover you have||See details for our insurance fees including Death, Total and Permanent Disability and Income Protection.|
|Indirect cost ratio ||From 0% to 0.28% p.a. depending on the investment option.||These costs are incurred indirectly by our investment managers and are attributed to the investment option before the gross investment returns have been determined.|
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 balance ||Rebate % |
|First $300,000 ||Nil |
|Amount over $300,000 ||0.28 % |
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.