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 default Equip MySuper option. Note that only the fees and costs associated with investments vary according to the option you're in. Administration fees and costs are calculated the same for all accumulation members:
|Example - MySuper
||Balance of $50,000
|Administration fees and costs
||$1 per week plus 0.25% p.a. of your account balance
||For every $50,000 you have in the superannuation product, you will be changed or have deducted from your account $125 in administration fees and costs, plus $52, regardless of your balance.
|PLUS investment fees and costs
||And, your will be changed or have deducted from your investment $255 each year in investment fees and costs
|PLUS transaction costs
||And, you will be changed or have deducted from your investment $50 each year in transaction costs
|EQUALS costs of product
||If your balance was $50,000 at the begining of the year, then for that year you will be charged fees and costs of $482 for the superannuation product.
*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 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.