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 fees we charge for the members invested in the default Equip MySuper option. Note that only the fees and costs associated with investments vary according to the option you're in. Administration fees are the same for all accumulation members:
| Annual Equip MySuper fees for a $50,000 account Balance* |
How calculated |
Dollar value |
| Weekly administration fee |
Fixed at $1 per week
(regardless of your account balance)
|
$52 |
| Asset-based administration fee |
0.25% p.a. of your account balance
(capped once balance is more than $500,000)
|
$125 |
| Investment fees and costs |
0.32% p.a. of your account balance |
$160 |
| Indirect investment costs |
0.29% p.a. of your account balance
(deducted from your investment)
|
$145 |
| Total annual fees |
|
$482 |
*Example assumes constant balance of $50,000 throughout the year, with no additional contributions or changes in account value due to investment performance. Other fees and charges can apply. For full details of our fees and costs, download the Equip MyFuture PDS.
Additional explanation of fees and costs - estimated fees and costs for each investment option, from 1 July 2020
The table below shows updated estimated performance fees and indirect cost ratios for all investment options for the year ending on 30 June 2020. The base investment fees currently shown in the accumulation short-form product disclosure statements remain unchanged.
| |
Investment option |
Base investment fee |
estimated performance fee |
total estimated investment fee |
Indirect cost ratio (ICR) |
| |
Growth Plus |
0.35% |
0.08% |
0.43% |
0.23% |
| |
Growth |
0.28% |
0.06% |
0.34% |
0.27% |
| |
Balanced Growth |
0.27% |
0.05% |
0.32% |
0.29% |
| |
Equip MySuper |
0.27% |
0.05% |
0.32% |
0.29% |
| |
Balanced |
0.20% |
0.03% |
0.23% |
0.26% |
| |
Conservative |
0.18% |
0.02% |
0.20% |
0.23% |
| |
Australian Shares |
0.39% |
0.00% |
0.39% |
0.18% |
| |
Overseas Shares |
0.28% |
0.18% |
0.46% |
0.18% |
| |
SRI |
0.44% |
0.00% |
0.44% |
0.24% |
| |
Property |
0.15% |
0.00% |
0.15% |
0.88% |
| |
Fixed Interest |
0.19% |
0.00% |
0.19% |
0.19% |
| |
Cash |
0.06% |
0.00% |
0.06% |
0.00% |