Fees and other charges

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