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.

Type of fee or cost	Amount	How and when paid
Ongoing annual fees and costs¹
Administration fees and costs	0.16% pa. Percentage fee is zero for Term Deposit (account-based pension only).	We generally calculate and deduct this fee daily when unit prices are determined.
Investment fees and costs²	Account-based pension High Growth 0.44% Growth 0.48% Balanced 0.47% Conservative Balanced 0.51% Indexed Defensive 0.17% Secure 0.20% Capital Guarded 0.49% Australian Shares 0.10% International Shares 0.10% Property 0.27% Bonds 0.20% Cash 0.08% Term Deposit 0.00% Pre-retirement pension High Growth⁴ 0.46% Growth 0.50% Balanced 0.52% Conservative Balanced⁴0.55% Indexed Defensive 0.17% Secure 0.20% Australian Shares 0.10% International Shares 0.10% Property 0.27% Bonds 0.20% Cash 0.08%	We generally calculate and deduct this fee daily when unit prices are determined.
Transaction costs	Account-based pension High Growth 0.06% Growth 0.06% Balanced 0.06% Conservative Balanced 0.06% Indexed Defensive 0.00% Secure 0.01% Capital Guarded 0.05% Australian Shares 0.00% International Shares 0.00% Property 0.00% Bonds 0.03% Cash 0.00% Term Deposit 0.00% Pre-retirement pension High Growth⁴ 0.06% Growth 0.06% Balanced 0.06% Conservative Balanced⁴ 0.06% Indexed Defensive 0.00% Secure 0.01% Australian Shares 0.00% International Shares 0.00% Property 0.00% Bonds 0.03% Cash 0.00%	We generally calculate and deduct this fee daily when unit prices are determined.
Member activity related fees and costs
Buy-sell spread	Nil
Switching fee	Nil
Other fees and costs³	Nil

¹ 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.

² Investment fees and costs include an amount of 0.00%-0.07% for performance fees. The calculation basis for this amount is set out in the Pension PDS.

³ 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.

⁴ 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.