Fees and taxes

Fees

Just like most super funds, we deduct some money from your account to cover the cost of looking after and investing your money.

Because we’re a profit-to-members fund, our fees are set to cover our costs only. We don’t pay dividends to shareholders which means we return more to you through lower fees and charges. Before making any decision about your pension, it’s important to consider that fees are only one part of the bigger picture. What’s best for you will depend on your personal situation.

Type of fee or cost	Amount (% pa)	How and when paid
Ongoing annual fees and costs¹
Administration fees and costs	0.16% pa plus 0.031% pa	We generally calculate and deduct this fee daily when unit prices are determined. Where administration costs are higher than member administration fees collected these costs are met from our administration reserve, not from your account balance or investment returns. We estimate this amount for the year ending 30 June 2024 to be 0.031% p.a.
Investment fees and costs²	Account-based pension High Growth 0.45% Growth 0.49% Balanced 0.48% Moderate 0.47% Indexed Defensive 0.19% Defensive 0.45% Secure 0.19% Australian Shares 0.14% International Shares 0.14% Property 0.30% Bonds 0.18% Cash 0.12% Pre-retirement pension High Growth 0.48% Growth 0.50% Balanced 0.50% Moderate 0.51% Indexed Defensive 0.19% Defensive 0.45% Secure 0.19% Australian Shares 0.14% International Shares 0.14% Property 0.30% Bonds 0.18% Cash 0.12%	We generally calculate and deduct this fee daily when unit prices are determined.
Transaction costs	Account-based pension High Growth 0.04% Growth 0.04% Balanced 0.03% Moderate 0.03% Indexed Defensive 0.01% Defensive 0.03% Secure 0.02% Australian Shares 0.00% International Shares 0.00% Property 0.00% Bonds 0.01% Cash 0.00% Pre-retirement pension High Growth 0.04% Growth 0.04% Balanced 0.03% Moderate 0.03% Indexed Defensive 0.01% Defensive 0.02% Secure 0.02% Australian Shares 0.00% International Shares 0.00% Property 0.00% Bonds 0.01% Cash 0.00%	We generally calculate and deduct this fee daily when unit prices are determined.
Member activity related fees and costs
Buy-sell spread	Nil
Switching fee	Nil
Other fees and costs³	Nil

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, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.

² Investment fees and costs include an amount of 0.00%-0.06% for performance fees. The calculation basis for this amount is set out in the Pension PDS.

³ We may apply other fees and costs which relate to family law splits and advice fees for personal advice. See the ‘Additional explanation of fees and costs’ in the Pension PDS for further details.