West State Super fees and other costs
Below is a general guide to the fees and costs for your West State Super account. Other fees, such as fees for personal advice and insurance fees, might be charged, depending on the advice or insurance you choose. Entry fees and exit fees will not be charged.
If you’d like to calculate the effect of fees and costs on your West State Super account, try our Retirement planning calculator.
West State Super fees and costs summary
Type of fee or cost | Amount | How and when paid |
|---|---|---|
Ongoing annual fees and costs1 | ||
Administration fees and costs | $66 p.a. ($5.50 per month) as an account keeping fee | Deducted each month from your account |
Investment fees and costs2 | Estimated to be between 0.06% p.a. and 0.41% p.a. of the value of your investment, depending on which investment plan you choose | Fees and costs that relate to the investment of assets that are not charged directly to your account as an administration fee or other fee. These costs are deducted from the fund assets, before the unit price is calculated on a daily basis |
Transaction costs | Estimated to be between 0% p.a. and 0.14% p.a. of the value of your investment, depending on which investment plan you choose | Transaction costs are costs incurred when assets are bought and sold. Transaction costs are incurred over the course of the year and disclosed as a percentage of the average assets of the relevant investment option3 |
Member activity related fees and costs | ||
Buy-sell spread | Nil | Not applicable |
Switching fee | Nil | Not applicable |
Other fees and costs | Other fees and costs such as activity fees, advice fees or insurance fees may apply. Please refer to the ‘Additional explanation of fees and costs’ section on page 5 of the West State Super Product Information Booklet. |
For more information on the types of fees and costs that may apply to your account, see our West State Super schedule of 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 any government taxes or statutory charges.
We’ll always let you know about any changes through our website or through your member statement. If the change is an increase in fees or charges, we’ll give you at least 30 days’ notice.
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 include an amount of 0.00% p.a.% to 0.05% p.a. for performance fees. The calculation basis for this amount is set out under the ‘Additional explanation of fees and costs’ section on page 5 of the West State Super Product Information Booklet. Please note, the transaction costs percentage is also included in the investment fees and costs percentage shown in the table.
3 Please see ‘Additional explanation of fees and costs’ section on page 5 of the West State Super Product Information Booklet, which provides further detail about the items included in transaction costs.
Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 27 April 2024.