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For more information, including an explanation of each of the fee types and how they are calculated, please see the Rest Pension PDS.
Rest Pension Retirement account
Rest Pension Transition to Retirement account
Rest Term Allocated Pension
Type of fee
Amount
How and when paid
Administration fees and costs
The fee for administering your account is: $1.50 per week, plus 0.10% pa of your account balance on the day the fee is deducted. The 0.10% pa component is capped at $600 pa.
Deducted from your account generally on the last day of each month and when you close your account.
If you have more than one pension account, the 0.10% pa fee (including the cap) is calculated on the combined balance of your accounts.
plus 0.09% pa
Deducted from the Fund’s reserves throughout the year, and not from your account. Known as Costs met from reserves*.
Investment fees and costs
Rest Pension Retirement account and Rest Term Allocated Pension
Between 0.00% pa to 0.58% pa 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% pa to 0.11% pa 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 and reflected in the unit price. 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
Rest Pension Retirement account and Rest Term Allocated Pension
Buy spread: 0.00% to 0.11% depending on your chosen investment option
Sell spread: 0.00%
Rest Pension Transition to Retirement account
Buy spread: 0.00% to 0.11% depending on your chosen investment option
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
How your fees might look
The following tables show what your annual fees would look like if you are in the Growth 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 administration and investment fees and costs charged to you are capped at 3% pa of your account balance at the end of the financial year (or at the day you leave). Any amount charged above the cap will be refunded.
Rest Pension Retirement account and Rest Term Allocated Pension
Fee charged
Example of annual fees for a $50,000 balance
Administration fees and costs
$1.50 per week, plus 0.10% pa of your account balance on the day the fee is deducted. The 0.10% pa component is capped at $600 pa.
$78 regardless of your balance plus $50 pa
plus 0.09% pa deducted from the Fund’s reserves and not from your account*.
plus $45 pa (deducted from the Fund’s reserves and not from your account*)
Plus Investment fees and costs
0.53% pa
$265 pa
Plus Transaction costs
0.10% pa
$50 pa
Total**
$488 pa
Rest Pension Transition to Retirement account
Fees charged
Example of annual fees for a $50,000 balance
Administration fees and costs
$1.50 per week, plus 0.10% pa of your account balance on the day the fee is deducted. The 0.10% pa component is capped at $600 pa.
$78 regardless of your balance plus $50 pa
plus 0.09% pa deducted from the Fund’s reserves and not from your account*.
plus $45 pa (deducted from the Fund’s reserves and not from your account*)
Plus Investment fees and costs
0.53% pa
$265 pa
Plus Transaction costs
0.10% pa
$50 pa
Total**
$488 pa
*For more information, see ‘Costs met from reserves’ in the Rest Pension PDS.
**Additional fees, such as a buy-sell spread, may apply.