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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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