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Fees & Charges
| Type of fee or costs | Amount | How and when Paid |
| Fees when your money moves in or out of the fund | ||
|
Establishment Fee The fee to open your investment
|
Nil | Not applicable |
|
Contribution Fee The fee on each amount contributed to your investment |
Nil | Not applicable |
|
Withdrawal Fee The fee on each amount you take out of your investment |
$50 | Deducted from your account at time of payment. No fee is charged for benefit payments due to retirement, death, terminal illness, TPD, permanent incapacity, financial hardship, specified grounds or transfers to ISPF (the Fund's Eligible Rollover Fund). |
|
Termination Fee The fee to close your investment. |
Nil (see withdrawal fee above) |
Not applicable |
| Management Costs | ||
|---|---|---|
| The fees and costs for managing your investment. | $78.00p.a. ($1.50 per week) | The $1.50 per week membership fee is deducted weekly from your account balance. |
|
Other management costs: The amount you pay for specific investment options is detailed below. |
0.22%-1.00% p.a. ($2.20 to $10.00 per $1,000) | The fees and costs calculated as a percentage of Fund assets are deducted from the Fund's investment earnings before the interest crediting rate is determined. This comprises management costs of the fund as well as fees paid to Fund Managers. |
| Performance fees | Nil | Not Applicable |
| Asset Fee | up to 0.25% of assets | This amount is already deducted from investment returns before they are credited or debited to member accounts. |
| Service Fees | ||
| Investment Switching Fee | Nil | No fee is charged for switching investment options. |
| Family Law enquiry Fee | $110 | Charged to process requests for information from your spouse, and is payable by cheque by your spouse at the time of processing a request for information. |
| Family Law Splitting Fee | $100 | Charged for splitting an account under the Family Law Act, and is divided evenly and deducted from your and your spouse's account balances at time of processing the split. |
|
Operational Cost for each Investment option |
|
|
Investment option |
Operational cost p.a. # |
|
Conservative Growth |
0.23% |
|
Balanced Growth |
0.45% |
|
High Growth |
0.56% |
|
Australian Equities* |
0.34% |
|
International Equities* |
0.72% |
|
SRI* |
0.75% |
|
Infrastructure* |
0.39% |
| Property* | 0.27% |
| Fixed Interest* | 0.24% |
| Cash* | 0.00% |
Note: The operational costs were the actual costs averaged over the financial year ended 30 June 2009, except for those new options *available from 1 January 2009 which are based upon estimates.
These figures exclude the 0.25% asset fee and any performance fees.
# These costs are deducted from the Fund's investment returns before interest crediting rates are determined.
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