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.
The table below outlines the fees charged to VicSuper Fund members:
| Type of fee | Amount |
|---|---|
| Administration fee | 0.28% pa of your average account balance |
| Account-keeping fee | $1.50 per week |
| The administration and account-keeping fee are collectively capped and will not exceed $1,500 pa per account. These are the only fees deducted directly from your VicSuper account. | |
| Entry fee | Nil |
| Contribution fee | Nil |
| Changing investment option fee | Nil |
| Withdrawal fee | Nil |
| Pension payment fee | Nil |
| Exit fee | Nil |
Other costs - not deducted from your account
There are two costs involved in the management of your investments which are not deducted from your account.
Investment option cost
Ranges from 0.04% to 0.15% (estimated) pa depending on the investment option. This cost will vary from year to year and is deducted from the gross investment return of the option.
| Investment option | Investment option cost (estimated) |
|---|---|
| Cash | 0.04% |
| Capital Secure | 0.07% |
| Capital Stable | 0.075% |
| Balanced | 0.08% |
| Growth | 0.09% |
| Equity Growth | 0.11% |
| Equity Growth Sustainability | 0.15 % |
Externally managed investment cost
The 'externally managed investment' cost represents the management cost deducted by some external investment managers of unlisted investment trusts before the investment income is received by VicSuper Fund. The externally managed investment costs can vary from year to year. A performance fee of approximately $3,184,825 was payable to the manager of two trusts during 2010/11. The fee was deducted by the manager of that trust from the investment return before it was received by VicSuper.
| Investment option | Externally managed investment cost (estimated) |
|---|---|
| Cash | 0% |
| Capital Secure | 0.17% |
| Capital Stable | 0.27% |
| Balanced | 0.29% |
| Growth | 0.32% |
| Equity Growth | 0.26% |
| Equity Growth Sustainability | 0.68 % |
More information
For more detailed information on fees and other costs, please refer to the Combined Financial Services Guide and Product Disclosure Statement for the relevant benefit plan. You can download a copy from Publications. If you would like a Combined FSG and PDS sent to you free of charge, please complete our online request form or call our Member Centre on toll free 1300 366 216.
