At Rest we keep our fees competitive, thanks to the scale of our 2 million members.
And because we’re not paying shareholders, our profits go back to members.
How your fees might look
If you’re in the Growth option (and you’d be in pretty good company as most of our members are in this investment option), and have a balance of $50,000, your annual fees will look like this.
And if your account balance is less than $6,000, 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).
**Additional fees, such as a buy-sell spread, may apply.
What fees and charges are commonly charged by a superannuation fund?
All super funds will charge you a fee for looking after your super. The total annual fees and costs cover the different components that keep your super working for you. You’ll pay extra fees and costs for certain transactions and if you have extra things with your super. Like if you have insurance or you need some complex financial advice that involves a fee. Remember, when you’re thinking about brighter tomorrows, fees are just one part of the package. Over your working life, it’s the combination of competitive fees and investment returns that delivers the real goods.
Administration fees and costs
Administration fees and costs cover things like collecting contributions from you and your employer, keeping records of your transactions, sending you an annual statement and being there when you need to talk to us through one of our service channels such as our call centre, Live Chat or Rest App.
Investment fees and costs
Investment fees and costs are for the things we do to help your money grow. Our range of investment options have different fees and costs depending on what’s involved in managing the money.
Transaction costs
Transaction costs cover the expenses associated with buying and selling investments. For example, stamp duty when buying property, or brokerage costs when buying or selling shares. It’s included when we calculate unit prices and different investment options have different transaction costs.
Get to know your fees
If you’ve read this far, you’re obviously keen get to know your super better. And we couldn’t be happier because we really want you to know all about your super, and be in control of your super.
So here’s some more details you’ll need to know about the fees on your Rest account.
Administration fees and costs
Administration fee: deducted from your account
$1.50 per week plus 0.10% pa of your account balance on the day the fee is deducted, generally the last Friday of the month. The 0.10% pa component is capped at $600 pa.
Deducted from your account generally on the last Friday of each month and when you close your account
Administration cost: deducted from the Fund's reserves, not from your account
Estimated to be 0.09% pa for the 12 months ending 30 June 2024
Investment fees and costs
For Growth 0.53% pa for the 12 months ending 30 June 2024
For all other investment options, between 0.00% pa to 0.58% pa (depending on your chosen investment option) for the 12 months ending 30 June 2024.
For all other investment options, estimated between 0.00% pa and 0.11% pa (depending on your chosen investment option) for the 12 months ending 30 June 2024.
There is no cost for switching investment options, however there will be a buy spread when investing in or switching into an investment option
Exit fee
Nil
Advice fee
Simple personal advice about your Rest account from your Rest adviser is generally available at no extra cost.
Complex personal advice may incur an additional fee that is not payable from your Rest account. Speak with your Rest Adviser for more information about your personal advice and any fees that may be payable.
So you’re interested in taking things to the next level but not quite ready to commit and join us yet. No dramas! Fill in the quick form below and we’ll send you more details about why Rest could be right for you. Who knows, we could be the perfect match!