| Type of fee | Amount | How and when paid |
|---|---|---|
| Administration fees and costs | The fee for administering your account: $1.50 per week plus 0.10% pa of your account balance at the end of the month (0.10% pa component is capped at $300 pa) |
Administration fee including asset based fee is deducted from your account generally on the last Friday of each month and when you close your account. If you have more than one Rest Pension, the asset based fee is calculated on the combined balance of your accounts. |
| plus 0.06% pa | Deducted from the Fund’s reserves and not from your account. | |
| Investment fees and costs |
Rest Pension Retirement account and Rest Term Allocated Pension Between 0.00% to 0.62% for the 12 months to 30 June 2023, depending on your chosen investment option
Rest Pension Transition to Retirement account Between 0.00% to 0.59% for the 12 months to 30 June 2023, depending on your chosen investment option |
Accrued and reflected in the unit price of each investment option on a daily basis and deducted from the income or assets underlying the investment option. These fees and costs are not deducted directly from your account. |
| Transaction costs | Rest Pension Retirement account and Rest Term Allocated Pension Between 0.00% to 0.13% pa for the 12 months ending 30 June 2023 depending on your chosen investment option. Rest Pension Transition to Retirement account Between 0.00% to 0.16% pa for the 12 months ending 30 June 2023 depending on your chosen investment option. |
Transaction costs are incurred when assets are bought or sold and are deducted from the income or assets underlying the investment option. These costs are not deducted directly from your account. |
| Switching Fee | Nil | Not applicable. However, a buy-sell spread applies when investing or switching into an investment option. |
| Exit Fee | Nil | Not applicable |
| Advice Fee |
Simple advice is available to you at no extra cost. |
No extra cost as it’s included in your administration fee. |
| More complex personal advice may incur an additional fee that you will need to pay for directly. | This is paid for directly, not through your Rest account. | |
| Buy-sell spread |
Buy spread: 0.00% to 0.11% Sell spread: 0.00% |
Included in the unit price for each option when we issue units to you upon receipt of a contribution or rollover, or redeem units for a withdrawal, or when switching between investment options. Set by the Trustee and may change without prior notice. For more information visit go.rest.com.au/buysellspread |
The following tables show what your annual fees would look like if you are in the Core Strategy investment option over a one-year period and have a balance of $50,000.
If your account balance is less than $6,000 at the end of the financial year, or if you leave Rest, certain fees and costs charged to you in relation to administration and investment are capped at 3% of your account balance for the year (or the period until you left).
| Administration fees and costs | $1.50 per week, plus 0.10% per annum of your balance at the end of the month (0.10% per annum component is capped at $300 per annum) | $78 regardless of your balance plus $50 per annum |
| plus 0.06% pa deducted from the Fund’s reserves and not from your account*. | plus $30 per annum (deducted from the Fund’s reserves and not from your account*) | |
| Plus Investment fees and costs | 0.48% of your balance per annum | $240 per annum |
| Plus Transaction costs | 0.07% of your balance per annum | $35 per annum |
| Total** | $433 per annum | |
| Administration fees and costs | $1.50 per week, plus 0.10% per annum of your balance at the end of the month (0.10% per annum component is capped at $300 per annum) | $78 regardless of your balance plus $50 per annum |
| plus 0.06% pa deducted from the Fund’s reserves and not from your account*. | plus $30 per annum (deducted from the Fund’s reserves and not from your account*) | |
| Plus Investment fees and costs | 0.48% of your balance per annum | $240 per annum |
| Plus Transaction costs | 0.07% of your balance per annum | $35 per annum |
| Total** | $433 per annum | |
*For more information, see ‘Costs met from reserves’ in the Rest Pension PDS.
**Additional fees, such as a buy-sell spread, may apply.
