members
Fees and costs
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Indexed Pension fees as at 1 July 2011
| Type of fee or cost | Amount | How and when paid | |
|---|---|---|---|
Fees when your money moves in or out of the Fund |
|||
| Establishment fee The fee to open your investment |
Nil | Not applicable | |
| Contribution fee The fee on each amount contributed to your investment - either by you or your employer |
Not applicable | Not applicable | |
| Withdrawal fee The fee on each amount you take out of your investment |
Not applicable | Not applicable | |
| Termination fee The fee to close your investment |
Not applicable | Not applicable | |
Management costs |
|||
| The fees and costs for managing your investment | Commercial Rate Indexed Pensions: Administration fee: $283 per annum | For both Joint Life and Single Life Indexed Pensions an administration fee of $283 is charged on the commencement of the pension. | |
| Defined Benefit Indexed Pension: Administration fee: $283 per annum | This fee is allowed for in the formula used to calculate your pension | ||
Service fees |
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| Investment switching fee The fee for changing investment options |
Not applicable | Not applicable | |
|
Family law fee The transaction fee is charged when the following actions take place: a payment split, a payment flag, lifting a payment flag where it does not result in a payment split or terminating a payment flag. |
$77 per application $66 per transaction |
The application fee is payable when a member account information application is made. The transaction fees for splitting and flagging are deducted in equal proportions from both members' accounts. If all of the superannuation interest is to be paid to one party in a payment split, then that party will pay the entire transaction fee. |
|
See the fees and other costs for Indexed Pensions section in Your guide to pensions for additional information about fees and costs payable by members.
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