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
How and when paid
|We generally calculate and deduct this fee daily when unit prices are determined|
|Administration fee1||$15 per month||Deducted proportionally from your account monthly.|
|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|
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.
Terms and conditions
Chant West may provide Mine Super with a copy of the personal information you provide to access AppleCheck. Mine Super may use this information to contact you and provide further details about the products and services we offer. In all other respects, Mine Super will treat this personal information in accordance with our Privacy Statement Mine Super may purchase products from Chant West on commercial terms but isn't a shareholder in Chant West and has no influence over the research results and ratings.
The information is not a substitute for financial advice. It doesn't take into account your objectives, financial situation or specific needs. You should consider seeking advice before acting on any of this information. If you have a choice about whether to join this Fund you should first consider our Product Disclosure Statement, which you can download from this website or call 13 64 63 to request a copy. If you need personal financial advice Mine Super Financial Advice can help. As salaried employees, Mine Super Financial Advice fully qualified advisers can look at your financial position and put in place strategies specifically tailored to your circumstances and needs. Call 13 64 63 to speak to an adviser or arrange a face to face meeting at one of the many regional centres of Queensland, New South Wales, Western Australia and Tasmania.