As an industry fund, REI Super is run only to benefit our members, which means we can keep fees low as we do not pay dividends to shareholders.
The impact of fees
Small differences in both investment performance and fees and costs can have a substantial impact on your long term returns.
For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30-year period, reducing it from $100,000 to $80,000. You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs. To see how fees can impact your super balance, visit ASIC’s Moneysmart website calculator and check out the different fee options.
Fees for REI Super Pension accounts
|Type of fee / cost ||Amount ||How and when paid |
|Investment fee ||$0 || |
|Administration fee ||$3.50 per week ||The fee is deducted from your account balance monthly in arrears or on the date your account is closed. |
|Buy / sell spread ||from 0.00% to 0.35% depending on the investment option ||Deducted weekly before unit prices are declared. |
|Investment Switching fee ||$0 ||N/A |
|Advice fee relating to members investing in a particular investment option ||$0 || |
|Other fees and costs ||There are additional fees for insurance and for full financial planning advice |
|Indirect cost ratio ||From 0.41% p.a to 0.87% p.a depending on the investment option ||Deducted from the assets of REI Super before investment returns are declared |