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FEES & MEMBER PROTECTION

FIRSTSUPER fees are always kept as low as possible and are levied only to recover costs and to provide reserves for the benefit of Fund Members. FIRSTSUPER never charges fees for the purposes of making profits. Other than insurance premiums and government taxes, described elsewhere on this site, the fees summarised below are the only deductions made from your account, from earnings on investments or from the Fund’s assets as a whole:

Industry & Personal Divisions:		Amount	How the Fee is charged	When the Fee is charged
Administration Fee		$70.20 pa	Deducted from your account	Month-end @ $1.35 per week
Indirect Cost Ratio for the 2008-09 Financial Year^	- Balanced	0.77% pa	Deducted from Fund earnings	Before earnings are credited
	- Shares Plus	0.82% pa	Deducted from Fund earnings	Before earnings are credited
	- Conservative Balanced	0.70% pa	Deducted from Fund earnings	Before earnings are credited
	- Cash	0.30% pa	Deducted from Fund earnings	Before earnings are credited
Pension Division:
Administration Fee	- capped at $2,300pa	0.46% pa	Deducted from your account	Month-end as a % of average monthly balance
Indirect Cost Ratio for the 2008-09 Financial Year^	- Balanced	0.77% pa	Deducted from Fund earnings	Before earnings are credited
	- Shares Plus	0.82% pa	Deducted from Fund earnings	Before earnings are credited
	- Conservative Balanced	0.70% pa	Deducted from Fund earnings	Before earnings are credited
	- Cash	0.30% pa	Deducted from Fund earnings	Before earnings are credited
All Divisions:
Opening your account		Nil	n/a	n/a
Employer or Personal Contributions		Nil	n/a	n/a
Rolling in Funds		Nil	n/a	n/a
Account withdrawal		$75 / nil	Deducted from your benefit	On payment. Nil on retirement, death/TPD benefits, hardship payments or ERF transfers

Closing your account		Nil	n/a	n/a
Investments Switch		$30 / nil	Deducted from your account	On switch. Nil for first 2 switches each year
Family law information (Member)		$55	Deducted from your account	When the request is processed
Family law information (Non-Member)		$55	Cheque from requester	Accompanying written request
Family law account split		$55	Deducted from spouse account	When split is executed

See our Fee Calculations for more information and a worked example.

^ Indirect Cost Ratios vary from year to year. These amounts are not deducted from your account but are deducted from Fund earnings before earnings are allocated to your account. Please see the Product Disclosure Statement for more information.

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