Pension fees and how they relate to your account
As an industry fund, REI Super is run only to benefit our members. We work for you, not shareholders. This means we can keep our fees competitive as we do not pay dividends to shareholders.
Fees for REI Super Pension accounts
| Type of fee / cost | Amount | How and when paid |
| Retirement Pension | | |
| Ongoing annual fees and costs1 | | |
| Administration fees and costs | 0.25% of assets p.a.
Plus 0.05% of assets p.a (estimated)2
| This amount is not deducted directly from your account. It is deducted proportionately from each investment option’s assets and reflected in the calculation of the unit prices, usually weekly. This estimated amount is paid from fund reserves and is not deducted from your account or reflected in the unit prices of each investment option. These costs do not impact performance. |
| Investment fees and costs3 | Between 0.06% and 0.71% p.a.4 (estimated) depending on the investment option and type of pension you hold. | The applicable percentage is not deducted directly from your account. It is deducted proportionately from the investment option's assets and reflected in the calculation of the unit prices, usually weekly. |
| Transaction costs | Between 0.00% and 0.09% p.a.4 (estimated) depending on the investment option and type of pension you hold. | The applicable percentage is not deducted directly from your account. It is deducted proportionately from the investment option's assets and reflected in the calculation of the unit prices, usually weekly.
|
| Member activity-related fees and costs |
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| Buy-sell spread | Buy spread: from 0.00% to 0.12% depending on the investment option and type of pension you hold. Sell spread: from 0.00% to 0.12% depending on the investment option and type of pension you hold.
| These amounts are not deducted directly from your account. They are charged each time units are bought or sold on your behalf and reflected in the calculation of the unit prices, usually weekly. |
| Switching fee | Nil | Not applicable. |
| Other fees and costs5 | Various | Deducted from your account, when applicable.
|
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, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
2 In the 2024/25 financial year this cost (as a percentage of total fund assets) was deducted from the fund’s reserves to meet (excess) administration expenses that are additional to the administration fees and costs reflected in each investment option’s unit prices. It is based on information available at the date of preparation of this document and may vary from year to year. Past deductions from reserves for additional (excess) administration expenses aren’t a reliable indicator of future deductions.
3 Investment fees and costs include an amount of between 0.00% and 0.05% pa for performance fees depending on the investment option. The calculation basis is set out under Additional explanation of fees and costs in the fees and costs section of the Pension Product Disclosure Statement.
4 Investment fees and costs and transaction costs are estimates and the actual amount will change from year to year and may be more or less than the amounts shown. Additional explanation of fees and costs in the fees and costs section of the Pension Product Disclosure Statement.
5 Activity fees, advice fees for personal advice fees may apply. For further information see Additional explanation of fees and costs in the fees and costs section of the Pension Product Disclosure Statement.
Note: a fee rebate applies to large account balances. For details, see page 25.
Fee rebate on balances over $300,000
If your total account balance is over $300,000, you will receive a fee rebate on the portion of your account that is over $300,000.
REI Super Pension fees and costs
Superannuation fees and costs