Like most investment products, there are fees that apply to your super account.
Investment fees relate to the costs incurred for investing the fund’s assets (i.e. the super in your account), including fees paid to service providers, such as investment managers and custodial agents.
The investment fee is different for each investment option and is generally an estimate based on target asset allocations and investment manager allocations and fees. The amount of this fee may vary from time to time based on the actual amounts charged by investment managers or the costs that they incur and pass on.
The current estimates are provided below – the actual amount that you pay may be less than the figure shown, as any income tax benefit that the fund is entitled to is passed on to members through reduced fees.
|Estimated investment fee for 1 March 2017|
|Balanced (MySuper)||0.41% pa|
|Single asset class options|
|Fixed Interest||0.16% pa|
|Australian Shares||0.32% pa|
|International Shares||0.41% pa|
Find out more about each investment option.
Our investment fees are not deducted directly from your account balance. Instead, the fee is deducted from the investment return for each investment option (i.e. an allowance for the fee reduced the amount of the option’s unit price). You can generally find an estimate of the fees applied in this way on your benefit statement.
No fees apply in Accumulate Plus or Retirement Access to switch investment options, and a buy-sell spread does not apply.