Keeping fees down
As a profit for member fund, any profits made from managing members' accounts flows back to the membership. We keep running costs as low as possible to maintain downward pressure on your fees
As an example, these are the ongoing fees and costs we charge for the members invested in the Equip Account Based Pension Growth investment option. Note that the investment and transaction fees and costs associated with investments vary according to the investment option you're in. Administration fees and costs are calculated the same for all pension members.
| Example - Growth option |
|
Balance of $50,000 |
| Administration fees and costs |
$1.95 per week plus 0.20% p.a. of your account balance |
For every $50,000 you have in the Growth option, you will be changed or have deducted from your account $100 in administration fees and costs, plus $101.40 regardless of your balance. |
| PLUS investment fees and costs |
0.51% |
And, your will be changed or have deducted from your investment $255 each year in investment fees and costs |
| PLUS transaction costs |
0.10% |
And, you will be changed or have deducted from your investment $50 each year in transaction costs |
| EQUALS costs of product |
$506.40 |
If your balance was $50,000 at the begining of the year, then for that year you will be charged fees and costs of $506.40 for the superannuation product. |
*Example assumes constant balance of $50,000 in an Equip Account Based Pension throughout the year invested in the Growth investment option with no withdrawals or changes in account value due to investment performance. Other fees and charges may apply.
For full details of our fees and costs, download the relevant PDS and refer to the Target Market Determination (TMD) for the product.