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 which means we return more to you through lower fees and charges.
Type of fee | Amount | How and when paid |
|---|---|---|
| Investment fee1 | Account-based pension Pre-retirement pension | We generally calculate and deduct this fee daily when unit prices are determined |
| Administration fee1 | $15 per month | Deducted proportionally from your account monthly. |
| Buy-sell spread | Nil | |
| Switching fee | Nil | |
| Advice fees | We offer a complimentary appointment with a financial adviser for all members and personal advice fees are up to a maximum of $2,750. | You can choose to have the portion of the advice that is super related deducted from your super account and be invoiced the remaining amount, or you can choose to have the full amount invoiced. |
| Other fees and costs2 | Nil | |
| Indirect cost ratio1 | Account-based pension Pre-retirement pension | 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 when each unit price is determined. |
1If 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, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2We may apply other fees and costs which relate to family law splits, answering subpoenas, advice fees for personal advice and term deposit early withdrawal fees. See the ‘Additional explanation of fees and costs’ in the Pension PDS for further details.
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