Fees and other charges

Get to know your fees

Rest Pension and Rest Term Allocated Pension

Type of fee Amount How and when paid

Investment fee

Rest Pension Retirement account and Rest Term Allocated Pension
Estimated to be between 0.00% to 0.62% for the 12 months to 30 June 2020, including estimated performance related fees of up to 0.05% pa.
View detailed list

Rest Pension Transition to Retirement account
Estimated to be between 0.00% to 0.62% for the 12 months to 30 June 2020, including estimated performance related fees of up to 0.05% pa.
View detailed list

Accrued and reflected in the unit price of each investment option and deducted from the income or assets underlying the investment option. The fee is not deducted directly from your account.


Administration fee
The fee for administering your account
The fee for administering your account: $1.50 per week plus 0.12% pa of your account balance at the end of the month (0.12% pa component is capped at $300 pa). Administration fee including asset based fee is deducted from your account at the end of each month and is based on the value of your account on the day of deduction.

If you have more than one Rest Pension, the asset based fee is calculated on the combined balance of your accounts.

Buy/Sell Spread

Buy spread range: Up to 0.20%
Sell spread range: Nil

Rest Pension Retirement account and Rest Term Allocated Pension detailed list

Transition to Retirement account detailed list

Included in the relevant unit price and applied to your account or transaction as applicable at the time of transaction.

Switching Fee

Nil

Not applicable. However, a buy spread applies when investing or switching into an investment option.

Exit Fee

Nil

Not applicable

Advice Fee
Relating to all members investing in a particular MySuper product or investment option.

Nil

Not applicable

Indirect cost ratio

Estimated between 0.00% to 0.21% pa for the 12 months ending 30 June 2020.

Accrued and reflected in the unit price of each investment option, and deducted from the income or assets underlying the investment option. The fee is not deducted directly from your account.

Transaction and operational costs, property operating costs and borrowing costs

These types of indirect costs are part of those included in the investment fee or indirect cost ratio.

You can learn more about these fees here.

How your fees might look

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, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance for the year (or the period until you left). 

Rest Pension Retirement account and Rest Term Allocated Pension 

Investment fee
0.54% of your balance per annum including a performance related fee of 0.03% per annum
$270
Plus administration fees $1.50 per week, plus 0.12% per annum of your account balance at the end of the month (0.12% per annum component is capped at $300 per annum) $78 regardless of your balance plus $60 per annum
Plus indirect cost ratio 0.06% per annum $30
Total        $438.00 per annum
Investment fee
0.54% of your balance per annum including a performance related fee of 0.03% per annum
 
$270
 
Plus administration fees
0.54% of your balance per annum including a performance related fee of 0.03% per annum
$1.50 per week, plus 0.12% per annum of your account balance at the end of the month (0.12% per annum component is capped at $300 per annum)
$270
$78 regardless of your balance plus $60 per annum
Plus indirect cost ratio
0.54% of your balance per annum including a performance related fee of 0.03% per annum
0.06% per annum
$270
$30
Total
0.54% of your balance per annum including a performance related fee of 0.03% per annum
      
$270
$438.00 per annum

Rest Pension Transition to Retirement account  

Investment fee
0.55% of your balance per annum including a performance related fee of 0.03% per annum
$275
Plus administration fees $1.50 per week, plus 0.12% per annum of your account balance at the end of the month (0.12% per annum component is capped at $300 per annum) $78 regardless of your balance plus $60 per annum
Plus indirect cost ratio 0.06% per annum $30
Total        $443.00 per annum
Investment fee
0.55% of your balance per annum including a performance related fee of 0.03% per annum
 
$275
 
Plus administration fees
0.55% of your balance per annum including a performance related fee of 0.03% per annum
$1.50 per week, plus 0.12% per annum of your account balance at the end of the month (0.12% per annum component is capped at $300 per annum)
$275
$78 regardless of your balance plus $60 per annum
Plus indirect cost ratio
0.55% of your balance per annum including a performance related fee of 0.03% per annum
0.06% per annum
$275
$30
Total
0.55% of your balance per annum including a performance related fee of 0.03% per annum
      
$275
$443.00 per annum