Fees and taxes

Fees

Just like most super funds, we deduct some money from your account to cover the cost of looking after and investing your money.

Because we’re a profit-to-members 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. Before making any decision about your pension, it’s important to consider that fees are only one part of the bigger picture. What’s best for you will depend on your personal situation.

For more info about the types of fees we charge, watch the video below.

Type of fee	Amount	How and when paid
Investment fee^1,2	Account-based pension High Growth 0.37% Growth 0.33% Balanced 0.32% Conservative Balanced 0.27% Indexed Defensive 0.15% Stable 0.24% Capital Guarded 0.24% Australian Shares 0.10% International Shares 0.08% Property 0.08% Bonds 0.20% Cash 0.08% Term Deposit 0.00% Pre-retirement pension High Growth³ 0.37% Growth 0.35% Balanced 0.32% Conservative Balanced³ 0.27% Indexed Defensive 0.15% Stable 0.24% Australian Shares 0.10% International Shares 0.08% Property 0.08% Bonds 0.20% Cash 0.08%	We generally calculate and deduct this fee daily when unit prices are determined.
Administration fee²	0.16% pa. Percentage fee is zero for Term Deposit.	We generally calculate and deduct this fee daily when unit prices are determined.
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 costs⁴	Nil
Indirect cost ratio^1,2	Account-based pension High Growth 0.24% Growth 0.29% Balanced 0.27% Conservative Balanced 0.38% Indexed Defensive 0.06% Stable 0.36% Capital Guarded 0.36% Australian Shares 0.00% International Shares 0.06% Property 0.13% Bonds 0.13% Cash 0.00% Term Deposit 0.00% Pre-retirement pension High Growth³ 0.21% Growth 0.28% Balanced 0.27% Conservative Balanced³ 0.40% Indexed Defensive 0.06% Stable 0.37% Australian Shares 0.00% International Shares 0.07% Property 0.14% Bonds 0.14% Cash 0.00%	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.

¹ The investment fees and indirect costs shown are estimated by reference to investment related fees and costs, including underlying investment manager costs, incurred for the 12 month period to 30 June 2021. Accordingly, actual investment and indirect costs over the current period of the PDS will vary based on actual fees and costs incurred in that period.

² If 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.

³ If you’re invested in the Lifecycle Investment Strategy, you’ll be invested in a mix of the High Growth and Conservative Balanced investment options based on your age. Your fees will be weighted across these investment options according to this mix. You can find more information in the Pension PDS.

⁴ We 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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