How your fees might look
If you’re in the Core Strategy (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, the amount of administration fees, investment fees and indirect costs that you’ll pay each year is capped at 3% of your account balance.
|Investment fee||0.55% of your balance per annum||$275|
|Plus administration fee||$1.30 per week, plus 0.1% of your account balance at the end of each month (0.1% pa component is capped at $800 per annum)
From 28 November 2020, this fee will be $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).
|$67.60 regardless of your balance plus $50 per annum
From 28 November 2020, this fee will be $78 regardless of your balance plus $60 per annum.
|Plus indirect cost ratio||0.06% per annum||$30|
|Total*||$422.60 per annum|