REI Super fees and costs
Being an industry super fund, we work for you and not shareholders. And as such, we’re big on keeping fees as low as possible, making your money work harder for you.
To see how fees can impact your super balance and to estimate how much super you will have in retirement, visit ASIC’s Moneysmart website - superannuation calculator.
|Type of fee or cost ||Amount ||How and when paid |
|Investment fee ||From 0.15% p.a. to 0.50% 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. |
|Withdrawal / exit fee ||$90 ||Deducted from your account for each withdrawal or if your account is closed. |
|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 0.44% 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 % |
See full details on fees and costs