Back to Retirement With Rest

Fees and other charges

Back to Retirement With Rest

We do not charge:

  • entry fees
  • contribution fees
  • investment option switching fees.

We also do not pay commissions to financial advisers, which means more money in your super account.

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

Type of fee Amount How and when paid

Investment fee
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

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: $1.30 per week plus a yearly asset-based fee based on your account balance.
Account balance Yearly asset based fee
First $300,000 0.18%
Next $500,000 0.10%
Portion over $800,000 0.00%
The yearly asset based fee is capped at $1,040.

From 28 November 2020, this fee will be $1.50 per week plus 0.12% 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

Retirement account 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
Other Fees and costs    
 
Family law split fee of $50 per split *.
Split between your account and your spouse's account when the split is made.

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 are not new or extra fees and costs, but form part of the investment fee or indirect cost ratio.
You can learn more about these fees here.

* This fee will no longer be charged from 28 November 2020