VicSuper's fee structure
VicSuper is committed to providing our members with quality superannuation services with a low fee structure.
Management fee - deducted from your account
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 |
|---|---|
| Management fee | VicSuper's management fee is 0.5% pa of your average account balance over the year, and is deducted at 30 June (or when you close your account). This fee is capped at $1,500 pa per account once your average account balance over the year is $300,000 or more. |
| Entry fee | Nil |
| Account-keeping fee | Nil |
| Contribution fee | Nil |
| Changing investment options fee | Nil |
| Withdrawal fee | Nil |
| Exit fee | Nil |
Other costs - not deducted from your account
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 $2,879,033 was payable to the manager of one trust during 2009/10. The fee was deducted by the manager of that trust from the investment return before it was received by VicSuper.
| Investment option | Estimated cost for the 2009/10 financial year (%) |
|---|---|
| Cash | 0% |
| Capital Secure | 0.20% |
| Capital Stable | 0.35% |
| Balanced | 0.34% |
| Growth | 0.36% |
| Equity Growth | 0.34% |
| Equity Growth Sustainability | 0.75% |
Common fund cost
The 'common fund cost' represents the management and administration expenses paid from the general reserve account during the year. The common fund cost for the 2009/10 financial year was approximately 0.036% of VicSuper Fund's average net assets.
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.
