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 fee |
$0 for each TTR pension while you have an open super account.3
OR
$96 per year ($8 per month) if you do not have an open super account.3
|
|
Investment fee1
|
0.38% per year.2
|
|
Indirect cost ratio (ICR)
|
0.16% per year.2
|
| Switching fee |
$0 for the first switch per account each financial year.
Each subsequent switch within that financial year is $13.10. |
1 For Flexi Pensions taken under transition to retirement (TTR) rules, once you have reached age 65 or notify us that you have satisfied a condition allowing unrestricted access to super prior to age 65, your administration fees, investment fees and ICR will be charged as a standard Flexi Pension member.
2 The investment fees and ICRs shown above are indicative only and are based on the ICRs and investment fees 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, costs and taxes incurred by the Trustee in managing the investment options. The amounts of investment fees and ICRs for other investment options are set out in the 'Fees and costs' section of Your guide to pensions - Flexi Pension PDS (PDF, 6MB), and are paid at the same frequency and in the same manner as the Balanced investment option. See more about investment costs.
3 This super account can be either an Accumulation 1 or 2, Defined Benefit Division or Personal Account.