Fees
Fees and other costs
Please note: we no longer charge service fees for transactions, such as Family Law splitting and full or partial withdrawals, effective 15 December 2018.
For more information on these changes, read our article: We’ve removed our service fees.
We may make changes to the fees we charge
From time to time, we might need to change our fees to make sure the structure and level of fees is appropriate, including any extra costs from government taxes or statutory charges.
We’ll always let you know about any changes through our website or your member statement. If the change is an increase in fees or charges, we’ll give you at least 30 days’ notice.
Fees are charged in different ways
Below is a general guide to the fees and costs for an RI Term Allocated Pension account.
Type of fee or cost | Amount | How and when it's paid |
|---|---|---|
Ongoing annual fees and costs1 | ||
Administration fees and costs The fee for managing your account | Nil | Not applicable The administration fee is noted as nil because it is not a separate fee and is included in the ‘Investment fees and costs’ shown below |
Investment fees and costs2 | Between 0.34% p.a. and 0.76% p.a. of the value of your investment, depending on which investment option you choose3 | Deducted from the fund assets, before the unit price is calculated on a daily basis |
Transaction costs | Between 0% p.a. and 0.09% p.a. of the value of your investment, depending on which investment option you choose3 | Deducted from the fund assets, before the unit price is calculated on a daily basis |
Member activity-related fees and costs | ||
Buy-sell spread | Nil | Not applicable |
Switching fee The fee for changing your investment option | Nil | Not applicable |
Other fees and costs | Other fees and costs such as activity fees, advice fees or insurance fees may apply. | |
1 If your account balance is less than $6,000 at the end of the financial 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.
2 Investment fees and costs includes an amount of 0.00% p.a. to 0.07% p.a for performance fees. Please note, the transaction costs percentage is also included in the investment fees and costs percentage shown in the table.
3 These figures include estimates.
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