Below is an overview of the fees and costs that may be charged to your super account, which are either paid directly from your account or deducted from investment returns. You need to read our Product Disclosure Statement for the full list and explanation of fees and costs.
Fees and costs summary – GoalTracker® Investment Option
Ongoing annual fees and costs1
| TYPE OF FEE OR COST | Amount | How and when paid | |
| Administration fees and costs | On total account balances up to $1m | On any excess amount balance over $1 million |
The asset based administration fee and the fixed dollar fee are deducted from your account on the last Friday of each month2.
The fixed-dollar fee will be indexed with AWOTE3 at 1 October each year. The Trustee passes through the tax deductions it receives5.
The Trustee Administration Fee is deducted from the investment returns. It is not deducted from your account. The Fund reserve is maintained by the Trustee to operate the Fund. This inclues paying for some expenses, such as costs associated with product and strategic services provided to the Trustees. These expenses are deducted from the Fund reserve, as required, and are not deducted from your account.
|
|---|---|---|---|
| $60 a year plus 0.15%6 per year asset based administration fee | NIL | ||
| Plus a Trustee Administration fee of 0.02% per year of your total account balance4. | |||
| Investment fees and costs | 0.65% per year7 | The investment fees and costs are deducted from the investment returns before the net earnings are declared and applied to your account. They are not deducted from your account. Please refer to the ‘Additional explanation of fees and costs’ section of your Investment Guide for further information. | |
| Transaction costs | 0.10% per year | Transaction costs are deducted from the investment returns. They are not deducted from your acocunt. Please refer to the ‘Additional explanation of fees and costs’ section of your Investment Guide for further information. | |
Member activity related fees and costs
| TYPE OF FEE OR COST | Amount | How and when paid |
| Buy-sell spread | These spreads vary depending on the investment option(s) you choose | You can read more about the buy-sell spread in the ‘Additional explanation of fees and costs’ section of your Investment Guide. |
|---|---|---|
| Switching fee | Nil | Not applicable |
| Other fees and costs | Insurance fees For insurance fees, please refer to the ‘Insurance in your super’ in the PDS. |
The insurance fee is calculated monthly and deducted from your account on the last Friday of the month. Please refer to Part 2 of your Insurance, Fees and Cossts Guide for further information. |
- If your account balance for a product offered by the superannuation entity is less than $6,000 at the end of the entity’s income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
- The asset-based administration fee applies to the first $1million of your total account balance and will depend on the investment option you are invested in. This fee may be charged in two parts and show as separate transactions in your account. Please refer to the ‘Additional explanation of fees and costs’ section of your Insurance, Fees and Costs Guide for further information on how the cap applies.
- AWOTE means Average Weekly Ordinary Times Earnings.
- In the 2022/2023 financial year, the Trustee incurred excess administration costs of approximately 0.01% of Fund assets that were paid from the Fund reserve
-
As the Trustee passes through the tax deduction it receives, the deduction you will see for the fees described above is 0.1275% per year for the GoalTracker® investment option, 0.1785% per year for other investment options and $51.00 per year for the fixed-dollar fee.
- For balances in other investment options: 0.21% per year. If you join Resource Super through an employer plan your administration fees may be lower.
- 0.65% per year applies to GoalTracker® which includes Investment fees and costs includes an amount of 0.08% per year for performance fees. The calculation basis for this amount is set out under the “Additional explanation of fees and costs” section of the Investment Guide. Fees for other investment options can also be found in the Investment Guide.