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 |
0.28% p.a. of your account balance |
$140 |
| Indirect investment costs |
0.33% p.a. of your account balance
(deducted from your investment)
|
$165 |
| 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.
Average annual cost for a $50,000 super balance
Source: Chant West Super Fund (MySuper) fee survey June 2020. *Actively-invested MySuper products