Like most investment products, there are fees that apply to your super or pension account.
Investment fees relate to the costs incurred for investing the fund’s assets, which refers to the super in your account. They can include fees paid to service providers, such as investment managers and custodial agents, and costs related to investing these assets. Transaction costs may also apply, which may include costs associated with buying, selling and holding the fund's assets. Some transaction costs will already be included in the investment fee; others may represent an additional cost to you.
The investment fee is different for each investment option and is generally estimated based on fees and costs paid in the 12 months to 30 June of the previous financial year. You should note that past costs are not a reliable indicator of future costs.
Other fees and costs may apply.
Any tax benefit that the fund is entitled to may be passed on to you as reduced fees.
For more information on current fees and other costs, refer to the Member Guide (PDS) for your account.
Investment fees and costs are not deducted directly from your account balance. Instead, they are deducted from the assets of the investment option and factored into unit price calculations and investment returns, i.e. an allowance for the fee reduces the amount of the investment return. You can generally find an estimate of the fees applied in this way on your benefit statement.
Administration fees may also apply to your account – read more about fees in the Member Guide (PDS) for your account.
No fees apply in Accumulate Plus or Retirement Access to switch investment options, and a buy-sell spread does not apply.