Fees and taxes

Fees

We’ll deduct some money from your account to cover the cost of looking after and investing your money.

Because we’re a profits-to-member fund, our fees are set to cover our costs only. We don’t pay dividends to shareholders or commissions to financial advisers. This means we return more to you through lower fees and charges.

Type of fee
Amount
How and when paid
Investment fee

Nil

 

Administration fee $180 pa

Deducted proportionally from your account monthly.

Buy-sell spread Nil
Switching fee Nil
Exit fee Nil*
Advice fees See the Mine Wealth + Wellbeing Financial Advice - Our fees page for details
Other fees and costs Nil
Indirect cost ratio

Aggressive - 0.70%
Growth - 0.66%
Balanced - 0.57%
Stable - 0.46%
Capital Guarded - 0.55%
Australian Shares - 0.39%
International Shares - 0.59%
Property - 0.54%
Bonds - 0.27%
Cash - 0.06%
Term Deposit - 0.04%

This is an estimate of the annual indirect cost ratio for each investment option. The actual costs are deducted from the return paid to the Fund before each unit price is determined.

* If you invest in the Term Deposit investment option, the financial institution that issues your term deposit might charge early exit or termination fees if you terminate your term deposit before the fixed term expires. Details of these fees will be available at the time you make an investment and vary across financial institutions. These fees aren't charged by Mine Wealth + Wellbeing.

Tax

You may pay government tax on your pension withdrawals if you’re under age 60.

Our members say

[Mine Wealth + Wellbeing] has always performed well. Barry Wark - retired Mine Wealth + Wellbeing pension member.