Being an industry super fund, we work for you - not shareholders. And as such, we’re big on keeping fees as competitive as possible, making your money work harder for you.
| Type of fee or cost | Amount | How and when paid |
|---|
| 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. | The applicable percentage is not deducted directly from your account. It is deducted proportionately from the relevant investment option 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. | 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 | | |
| Buy-sell spread | Buy spread: from 0.00% to 0.12% depending on the investment option. Sell spread: from 0.00% to 0.12% depending on the investment option. | 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 our Fees and Costs Guide.
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. See Additional explanation of fees and costs in our Fees and Costs Guide.
5 Activity fees, advice fees for personal advice and insurance fees may apply. For further information see Additional explanation of fees and costs in our Fees and Costs Guide.
Note: a fee rebate applies to large account balances. For details, see page 4.
Fee rebate
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.
| Account balance | Rebate % |
|---|
| First $300,000 | Nil |
| Amount over $300,000 | 0.28 % |
Fee cap on low account balances
If your account balance is less than $6,000 at the end of the 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.