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Pension fees

What are the fees?

Below is an overview of the fees and costs that may be applicable to your pension account with Australian Ethical.

You need to read our Super Product Disclosure Statement for the full list and explanation of fees and costs, as well as examples of how these fees and costs affect your investment.

There have been changes to fees from 1 June 2021, please see our Notices page for more information.

If you are a Transition To Retirement (TTR) member, please see the Super fees page for the fees applicable to your account.

Administration fee

Dollar based fees are deducted from your account monthly. Percentage administration fees are paid from the Fund’s assets prior to unit prices being calculated.

amount p.a.

$97 plus 0.29% of your account balance

 

Investment fee

Investment fees are paid from the Fund’s assets prior to unit prices being calculated. The investment fee you pay will depend on the investment options you are invested in.

Fund Amount p.a.

Defensive

0.20%

Conservative

0.63%

Balanced (pension)

0.67%

Growth

0.99%

International Shares

0.89%

Australian Shares

1.20%


Buy-sell spread#

Applied to the unit price before processing each buy and sell transaction.

Fund Amount p.a.

Defensive

0.00%

Conservative

0.05%

Balanced (pension)

0.05%

Growth

0.05%

International Shares

0.05%

Australian Shares

0.15%

#The brokerage costs incurred in the year to 31 March 2022 were fully recovered by the buy-sell spread except for the International Shares option where 0.01% and Balanced option where 0.04% was not recovered.

 


Indirect cost ratio*

Indirect costs are deducted from the Fund’s assets, or assets of interposed vehicles, before the unit price is calculated.

Fund Amount p.a.

Defensive

0.00%

Conservative

0.04%

Balanced (pension)

0.07%

Growth

0.09%

International Shares

0.00%

Australian Shares

0.00%

*The indirect cost ratio is calculated annually (at a minimum) as at 30 June based on the previous 12 months. These may change from year to year. The indirect cost ratio published above is current for the 12 month period to 31 March 2022.

 


Switching fee

You may incur a buy-sell spread whenever units are bought or sold including by way of switching. However, you won’t be charged a switching fee in addition to the buy-sell spread.

amount p.a.

$0


Exit fee

amount p.a.

$0


Advice fee

Additional fees may be payable if a financial adviser is consulted.

amount p.a.

$0


Other fees and costs

Refer to the additional explanation of fees and costs for more information.

 

^The fees shown are current for the 2022-2023 financial year and are subject to change. Further information and definitions of the fees can be found at australianethical.com.au/pension/fees/

Other fees, such as activity fees, advice fees, advice fees for personal advice and insurance fees may also be charged. These fees will depend on the nature of the activity, advice or insurance chosen by you.

If you consult a financial adviser, additional fees may be payable to the adviser. You should refer to the adviser’s Statement of Advice for details.

Fee definitions

A fee is an activity fee if: (a) the fee relates to costs incurred by the trustee of the superannuation entity that are directly related to an activity of the trustee:(i) that is engaged in at the request, or with the consent, of a member; or (ii) that relates to a member and is required by law; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a buy/sell spread, a switching fee, an advice fee or an insurance fee.

An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs that relate to that administration or operation, other than:

(a) borrowing costs; and

(b) indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees, incurred by the trustee of the entity or in an interposed vehicle or derivative financial product; and

(c) costs that are otherwise charged as an investment fee, a buy-sell spread, a switching fee, an activity fee, an advice fee or an insurance fee.

A fee is an advice fee if: (a) the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision of financial product advice to a member by: (i) a trustee of the entity; or (ii) another person acting as an employee of, or under an arrangement with, the trustee of the entity; and (b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an activity fee or an insurance fee.

A buy/sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.

Australian Ethical acknowledges the Traditional Owners of the country on which we work, the Gadigal people of the Eora Nation, and recognise and celebrate their continuing connection to land, waters and culture. We pay our respects to Elders past, present and emerging and thank them for protecting Country since time immemorial.