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 Product Disclosure Statement for the full list and explanation of fees and costs, as well as examples on how these fees and costs affect your investment.
|If you are a Transition To Retirement (TTR) member, please see the Super fees page for the fees applicable to your account.|
|Type of fee or cost||Amount^||How and when paid|
|Investment fee||Defensive||0.20% p.a.||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.|
|Balanced (pension)||0.67% p.a.|
|International Shares||1.10% p.a.|
|Australian Shares||1.25% p.a.|
|Administration fee||$97 per annum, plus 0.29% of your account balance per annum.||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.|
|Buy-sell spread#||Defensive||0.00%||Applied to the unit price before processing each buy and sell transaction.|
|Advice fee||Nil||Additional fees may be payable if a financial adviser is consulted.|
|Other fees and costs||Nil|
|Indirect cost ratio*||Defensive||0.00% p.a.||Indirect costs are deducted from the Fund’s assets, or assets of interposed vehicles, before the unit price is calculated.|
|Balanced (pension)||0.08% p.a.|
|Balanced (accumulation)||0.12% p.a.|
|International Shares||0.00% p.a.|
|Australian Shares||0.00% p.a.|
^ The fees shown are current for the 2020-2021 financial year and are subject to change. Further information and definitions of the fees can be found at australianethical.com.au/pension/fees/
# The brokerage costs incurred in the year to 30 June 2020 were fully recovered by the buy-sell spread except for the Australian Shares option where 0.03% was not recovered.
@ 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.
*The indirect cost ratio is calculated at 30 June 2020 based on the previous 12 months. These may change from year to year.
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.