FEES AND OTHER COSTS

Club Plus Super is run to profit you so we’re committed to keeping fees as low as possible. The Club Plus Super member fee is $1.25 per week, while investment management fees also apply.

Small differences in fees and costs can substantially impact your long term returns. For example, if total annual fees and costs equate to 2% of your fund balance rather than 1%, your final return could be 20% lower over a 30 year period. That’s like having a final sum of $160,000 instead of $200,000!

     

 

     

TYPE OF FEE OR COST

AMOUNT

HOW AND WHEN PAID

     

 

 

      Establishment Fee

The fee to open your investment.

 

Nil

 

Not applicable
      Contribution Fee

The fee charged where you or your employer make a contribution to Club Plus.

 

Nil

 

Not applicable

 

 

 

Withdrawal Fee

The fee on each amount you take out of your investment.

 

$35.00

Deducted from your account balance whenever a benefit is paid to you.

 

Where a death benefit is paid, this fee is not charged.

 

 

 

 

Termination Fee

The fee to close your investment.

Nil

Not applicable

 

 

 

MANAGEMENT COSTS

The fees and costs for managing your account.

 

 

 

 

 

Administration Fee

The fee charged for the administration of your account.

 

$1.25 per week

Charged weekly, deducted from your account on the last Friday of each month.

 

 

 

Investment

Management Fees

0.00% to 0.50% (depending on the investment option(s) in which your balance is invested).

 

plus potential performance based fees – refer to Page 21 of the Member Booklet Product Disclosure Statement.

 

These fees are deducted from the investments of the fund. The investment return declared is the return after these fees have been deducted.

 

 

 

SERVICE FEES

 

 

 

 

 

Investment Switching Fee

The fee for changing investment options.

 

$35.00

One free change of investment option (switch) is allowed each six months. Any additional switches will incur the switching fee.

 

 

 

Contribution Splitting Fee

The fee charged where you request to split some of your contributions to your spouse.

$35.00

There is no charge where your spouse is a Club Plus member and is receiving the split contributions. Fee payable where contributions are being split to a fund other than Club Plus.