Below is a summary of our main fees for the Balanced investment option. Read the Your guide to pensions - Flexi Pension PDS (PDF, 2.79MB) for the full details of our product fees, including how and when they're paid.
| TYPE OF FEE OR COST |
AMOUNT |
| Administration fee1 |
$0 for each TTR pension
|
|
Investment fee1
|
0.38% per year2
|
|
Indirect cost ratio (ICR)1,2,3
|
0.16% per year1,3
|
| Switching fee |
$0 for the first switch per account each financial year.
Each subsequent switch within that financial year is $11.10. |
1 TTR pensions ceases to be paid under TTR rules once you reach age 65 or notify us that you’ve satisfied a condition allowing unrestricted access to super prior to age 65. When a TTR pension ceases to be paid under TTR rules, administration fees, investment fees and ICR will be charged as a standard Flexi Pension member.
2The investment fee and ICR shown above are indicative only and are based on the investment fee and ICR for this investment option for the year ended 30 June 2018, including several components which are estimates. The actual amount you’ll be charged in subsequent financial years will depend on the actual fees and costs incurred by the Trustee in managing the investment option. From 1 October 2018, we anticipate an increase in the investment fee of an additional 0.03% (excluding the Cash and Australian Bond investment options). For TTR members, the amounts of investment fees and ICRs for other investment options are set out in the ‘Fees and other costs’ section of the Your guide to pensions - Flexi Pension PDS (PDF, 6MB).
3From 1 October 2018, we anticipate a reduction of the ICR of 0.03% on the basis that the funding of the Operational Risk Reserve will reduce from 0.06% to 0.03% although as the investment fees and ICR shown are estimates only, they may increase or decrease depending on the actual fee and costs incurred.