VicSuper's low fee structure
VicSuper is committed to providing our members with quality superannuation services for a low fee structure.
We charge no entry or exit fees, and there are no fees to make contributions, make withdrawals or rollovers, or change your investment options. Our superannuation consultants and advisers are not paid commissions, nor do we pay any commissions to financial planners or any other groups to recommend VicSuper.
The table below outlines the fees charged to VicSuper Fund members:
|Type of fee||Amount|
|Administration fee||0.28% pa|
|Account-keeping fee||$1.50 per week|
|The administration fee and account-keeping fee are deducted monthly and collectively capped at a maximum of $125 per month per account. These are the only fees deducted directly from your VicSuper account|
|Changing investment option fee||Nil|
|Pension payment fee||Nil|
Investment management costs - not deducted from your account
The investment management cost ranges from 0.00% to 0.63% (estimated) pa, and represents the costs of managing your investments. This cost varies year on year and depends on the investment option. It is factored into the calculation of unit prices for each investment option and not deducted from your account balance.
|Investment option||Investment management cost (estimated) pa|
|Equity Growth Sustainability||0.63%|
The Term Deposit and Australian Shares Options will be available from February 2013
For more detailed information on fees and other costs, please refer to the VicSuper Product Disclosure Statement for the relevant benefit plan. You can download a copy from Publications. If you would like a VicSuper PDS sent to you free of charge, please complete our online request form or call our Member Centre on 1300 366 216.