members
Fees and costs
You'll save on fees and costs through UniSuper's economies of scale.
Fees and costs from 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 for each amount contributed to your investment - either by you or your employer. |
Nil. | Not applicable. |
| Withdrawal fee: The fee on each amount you take out of your investment. |
$38 each lump sum withdrawal, partial rollover or contribution split application. | The fee is deducted from your account when you make a lump sum withdrawal, partial rollover or contribution split application. |
| Termination fee: The fee to close your investment. |
Nil. | Not applicable. |
| Management costs The fees and costs for managing your investment. |
Administration fee $115 per annum. |
The pro-rata administration fee is deducted from your account each quarter. |
|
Indirect cost ratio (ICR) Find out the estimated amount you pay for each investment option here. |
The applicable ICR is deducted from the assets of the investment option on a quarterly basis before the calculation of investment returns. |
|
Service fees |
||
| Investment switching fee The fee for changing investment options. |
The first switch per account in each financial year is free of charge. All subsequent switches will be charged a fee of $27 per switch. | The fee is deducted from all the investment option(s) you have chosen on a pro-rata basis from your account when you make an investment switch. |
|
Self-Select investment fee |
$30 per six-monthly statement period. | The fee is deducted from all the investment options you have chosen on a pro-rata basis from your account at the end of each statement period (or part thereof) and in the final reporting period before you close your account. |
|
Family law fees 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. |
Optional insurance costs may apply. Please refer to the Optional insurance cover for members booklet for information.
See the Fees and costs section in Super for Accumulation 1 members for additional information about fees and costs payable by members.
tell me more
