Below is a summary of our main fees for the Balanced investment option. Read the Flexi Pension PDS (PDF, 2.11MB) for the full details of our product fees, including how and when they're paid.
| Type of fee or cost
|
Amount
|
| Administration fee1,4 |
$0 for each TTR pension
|
|
Investment fee1,4
|
0.42% per year2
|
|
Indirect cost ratio (ICR)1,2,3,4
|
0.13% per year1,3
|
| Switching fee |
$0 for the first switch per account each financial year.
Each subsequent switch within that financial year is $9.85. |
1 A Flexi Pension - TTR 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 Flexi Pension - TTR 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 2019, 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.
3From 1 October 2019, we anticipate that the ICR will decrease by up to 0.02% on the basis that the funding of the Operational Risk Reserve will reduce from 0.03% to 0.01%, although as the ICR shown is an estimate only, it may increase or decrease depending on the actual fees and costs incurred.
4If your account balance is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you will be capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded.