Fees and costs | VicSuper

VicSuper FutureSaver

Type of fee	Amount	How and when paid
Investment fee^1,3	Ranges between 0% pa and 0.44% (estimated)	The investment fee accrues daily and is included in the calculation of the unit prices which determines your investment returns. It is not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee Account-keeping fee Administration fee	If the account balance is under $4,300: $0 plus 2% pa If the account balance is $4,300 or more: $1.50 per week plus 0.19% pa	The administration fee and account keeping fee are deducted from your account at the end of each month in arrears. These fees are capped at a combined total of $125 per month per account.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees relating to all members investing in the Growth (MySuper) Option	Nil	Not applicable
Other fees and costs²		Refer to ‘Additional explanation of fees and costs’ in the ‘Fees and costs’ Member Guide for information about other fees and costs such as advice fees for personal advice.
Indirect cost ratio (ICR)^1,3	Ranges between 0% pa and 0.50% pa (estimated)	The ICR accrues daily and is included in the calculation of unit prices which determines your investment returns. It is not deducted directly from your account.

_{1. If your account balance for a product offered by VicSuper is less than $6,000 at the end of VicSuper’s income year, the total combined amount of administration fees, investment fees and
indirect costs charged to you is capped at 3% of your account balance. Any amount charged in excess of that cap must be refunded.

2. For more information, please see ‘Additional explanation of fees and costs’ in the ‘Fees and costs’ Member Guide.

3. The investment fee and ICR are an estimate for the 2019/20 financial year based on the estimated investment related costs incurred for the 12 months ended 30 June 2019. Actual investment fees
and indirect costs may vary and cannot be estimated precisely in advance. If it becomes apparent that actual costs will differ materially the estimates will be updated.}

VicSuper Flexible Income

Type of fee	Amount	How and when paid
Investment fee^1,3	Ranges between 0% pa and 0.44% pa (estimated)	The investment fee accrues daily and is deducted from the investment option/s in which you invest. They are included in the calculation of the unit prices, which determines your investment returns. They are not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee Account-keeping fee Administration fee	If the account balance is under $4,300: $0 plus 2% pa If the account balance is $4,300 or more: $1.50 per week plus 0.22% pa	The administration fee and account-keeping fee are deducted from your account at the end of each month in arrears. These fees are capped at a combined total of $125 per month per account.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in a particular investment option	Nil	Not applicable
Other fees and costs²		Refer to ‘Additional explanation of fees and costs’ for information about other fees and costs such as advice fees for personal advice.
Indirect cost ratio (ICR)^1,3	Ranges between 0% pa and 0.50% pa (estimated)	The ICR accrues daily and is deducted from the investment option/s in which you invest. They are included in the calculation of unit prices, which determines your investment returns. They are not deducted directly from your account.

_{1. If your account balance for a product offered by VicSuper is less than $6,000 at the end of the VicSuper’s income year, the total combined amount of
administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance. Any amount charged in excess of that cap
must be refunded.

2. For more information, please see ‘Additional explanation of fees and costs’.

3. The investment fees and ICR are an estimate for the 2019/20 financial year based on the estimated investment related costs incurred for the 12 months
ended 30 June 2019. Actual investment fees and indirect costs may vary and cannot be estimated precisely in advance. If it becomes apparent that actual
costs will differ materially the estimates will be updated.}

VicSuper Flexible Income (with Transition to Retirement)

Type of fee	Amount	How and when paid
Investment fee^1,3	Ranges between 0% pa and 0.44% pa (estimated)	The investment fee accrues daily and is deducted from the investment option/s in which you invest. They are included in the calculation of the unit prices, which determines your investment returns. They are not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee Account-keeping fee Administration fee	If the account balance is under $4,300: $0 plus 2% pa If the account balance is $4,300 or more: $1.50 per week plus 0.22% pa	The administration fee and account-keeping fee are deducted from your account at the end of each month in arrears. These fees are capped at a combined total of $125 per month per account.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in a particular investment option	Nil	Not applicable
Other fees and costs²		Refer to ‘Additional explanation of fees and costs’ for information about other fees and costs such as advice fees for personal advice.
Indirect cost ratio (ICR)^1,3	Ranges between 0% pa and 0.50% pa (estimated)	The ICR accrues daily and is deducted from the investment option/s in which you invest. They are included in the calculation of unit prices, which determines your investment returns. They are not deducted directly from your account.

_{1. If your account balance for a product offered by VicSuper is less than $6,000 at the end of the VicSuper’s income year, the total combined amount of
administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance. Any amount charged in excess of that cap
must be refunded.

2. For more information, please see ‘Additional explanation of fees and costs’.

3. The investment fees and ICR are an estimate for the 2019/20 financial year based on the estimated investment related costs incurred for the 12 months
ended 30 June 2019. Actual investment fees and indirect costs may vary and cannot be estimated precisely in advance. If it becomes apparent that actual
costs will differ materially the estimates will be updated.}

Guaranteed Income

Guaranteed Income for Life

Type of fee	Amount	How and when paid
Investment fee	Nil¹	Not applicable
Administration fee	0.15% pa of initial investment	Included in the calculation of the income payment (not deducted directly from an account of yours or from your income payments)
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in the product	Nil	Not applicable
Other fees and costs		Refer to ‘Additional explanation of fees and costs’ for information about other fees and costs such as advice fees for personal advice.
Indirect cost ratio	Nil¹	Not applicable

_{1. Challenger Life and VicSuper do not impose additional fees or expense recoveries in relation to your account. In setting the amount of regular payments,
Challenger Life takes into account various assumptions about longevity and investment returns as well as the cost of providing the product to VicSuper
and its members. For more information about how Challenger Life derives income and the guarantee, see ‘Who provides the guarantee?’ on page 23 of the Guaranteed Income PDS.}

Guaranteed Fixed Term Income

Type of fee	Amount	How and when paid
Investment fee	Nil¹	Not applicable
Administration fee	RCV100 0.20% pa of initial investment RCV 0-99 0.20% pa of reducing initial investment²	Included in the calculation of the income payment (not deducted directly from an account of yours or from your income payments)
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in the product	Nil	Not applicable
Other fees and costs		Refer to ‘Additional explanation of fees and costs’ for information about other fees and costs such as advice fees for personal advice
Indirect cost ratio	Nil¹	Not applicable

_{1. Challenger Life and VicSuper do not impose additional fees or expense recoveries in relation to your account. In setting the amount of regular payments,
Challenger Life takes into account various assumptions about longevity and investment returns as well as the cost of providing the product to VicSuper
and its members. For more information about how Challenger Life derives income and the guarantee, see ‘Who provides the guarantee?’ on page 23 of the Guaranteed Income PDS.

2. The initial investment is reduced after each regular income payment by an amount calculated as: initial investment minus any residual capital value, divided
by the total number of income payments in the investment term.}

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ABN	85 977 964 496
USI	View more
SPIN	VSP0103AU