REI Super fees and costs
REI Super is an industry super fund with low fees and a record of strong investment returns.
Why are fees and costs important?
When considering a new super fund, it is important to know what the fees and costs are. Small differences in investment performance, and fees can have lasting impact on your super’s long term returns.
For example, if your total annual fees and costs are 2% of your account balance rather than 1%, it could reduce your final return by up to 20% over a 30-year period.
This is why it is important to consider both the investment performance, fees and costs when choosing a new super fund.
Our fees and costs
|Type of fee or cost ||Amount ||How and when paid |
|Investment fee ||From 0.16% p.a. to 0.57% p.a. depending on the investment option. ||These fees are not deducted directly from your account. They are deducted proportionately from the investment option and reflected in the calculation of the unit prices. |
|Administration fee ||$85.90 p.a. ($1.65 per week) + 0.25%. ||The dollar fee is deducted from your account balance monthly in arrears or on the date your account is closed.|
The percentage fee is not deducted directly from your account. This fee is deducted proportionately from the investment option and reflected in the calculation of the unit prices.
|Buy / sell spread ||Buy spread from 0.00% to 0.19% depending on the investment option.|
Sell spread from 0.00% to 0.19% 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. |
|Switching fee ||Nil ||Not applicable. |
|Withdrawal / exit fee ||$90 ||Deducted from your account for each withdrawal or if your account is closed. |
|Indirect cost ratio ||Nil ||Not applicable. |
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 % |
Additional fees and costs
There are additional fees and costs that you should take into consideration with your super such as insurance fees and some types of financial advice. Find out more about our financial advice services.
For more information see our Fees and costs factsheet.