Fees and costs | VicSuper

VicSuper FutureSaver

Type of fee or cost	Amount	How and when paid
Investment fee^1,2	An estimated percentage, depending on your investment option/s. Ranging from 0.00% pa to 1.02% The investment fees for all investment options can be viewed here, and, from 1 November 2021, in the ‘Fees and costs’ Member Guide.	Deducted from the assets of the option or the assets of underlying investment vehicles before the unit price for an investment option is determined. Investment fees are not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee	$52 pa plus 0.15% pa capped at $750 pa ($62.50 per month)	The account keeping fee is calculated daily and deducted from your account monthly, or on exit. The administration fee is calculated and deducted monthly based on the account balance at the end of the month. On exit, the fee is calculated based on the latest available balance and prorated on the number of days you were in the Fund that month.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees relating to all members investing in a particular investment option	Nil	No advice fee is charged for providing general and simple advice limited to your account.
Other fees and costs³	Comprehensive financial advice	Additional fees may be paid to a financial planner. The fees will depend on the complexity of the advice you are seeking. If you obtain complex financial advice from a planner in our financial planning business, you will be informed of the cost before you proceed. If you are issued with a statement of advice, it will contain details of the fees, which may be deducted from your account when the advice is received (or you may need to pay the fee directly).
Indirect cost ratio (ICR)¹	Nil	All indirect costs are included in Investment fees.

_{1. If your account balance for a product offered by us is less than $6,000 at the end of our 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. Investment fees may vary from year to year and cannot be precisely calculated in advance. The investment fees reflect the 0.04% per annum Trustee charge (applicable to the diversified options only) and an estimate of other components of investment fees for the 12 months to 30 June 2021. Past costs are not a reliable indicator of future costs.

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

VicSuper Flexible Income

Type of fee	Amount	How and when paid
Investment fee^1,2	An estimated percentage, depending on your investment option/s. Ranges between 0.00% pa and 0.95% pa. The investment fees for all investment options can be viewed here, and from November 1 2021, in the Flexible Income PDS.	Deducted from the assets of the option or the assets of underlying investment vehicles before the unit price for an investment option is determined. Investment fees are not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee	$52 pa plus 0.20% pa capped at $1,500 pa ($125 per month).	The account keeping fee is calculated daily and deducted from your account monthly, or on exit. The administration fee is calculated and deducted monthly based on the account balance at the end of the month. On exit, the fee is calculated based on the latest available balance and prorated on the number of days you were in the Fund that month.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in a particular investment option	Nil	No advice fee is charged for providing general and simple advice limited to your account.
Other fees and costs³	Comprehensive financial advice	Additional fees may be paid to a financial planner. The fees will depend on the complexity of the advice you are seeking. If you obtain complex financial advice from a planner in our financial planning business, you will be informed of the cost before you proceed. If you are issued with a statement of advice, it will contain details of the fees, which may be deducted from your account when the advice is received (or you may need to pay the fee directly).
Indirect cost ratio (ICR)¹	Nil	All indirect costs are included in Investment fees.

_{1. If your account balance for a product offered by us is less than $6,000 at the end of our 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. Investment fees may vary from year to year and cannot be precisely calculated in advance. For Flexible Income members, the investment fees reflect the Management fee (applicable to the diversified and Australian Shares options) and an estimate of other components of investment fees for the 12 months to 30 June 2021. Past costs are not a reliable indicator of future costs.

3. For more information, please see ‘Additional explanation of fees and costs’ in the VicSuper Flexible Income PDS.}

VicSuper Flexible Income (with Transition to Retirement)

Type of fee	Amount	How and when paid
Investment fee^1,2	An estimated percentage, depending on your investment option/s. Ranges between 0.00% pa and 1.02% pa. The investment fees for all investment options can be viewed here, and from 1 November 2021, in the Flexible Income PDS.	Deducted from the assets of the option or the assets of underlying investment vehicles before the unit price for an investment option is determined. Investment fees are not deducted directly from your account.
Administration fee¹ Account-keeping fee Administration fee	$52 pa plus 0.20% pa capped at $1,500 pa ($125 per month).	The account keeping fee is calculated daily and deducted from your account monthly, or on exit. The administration fee is calculated and deducted monthly based on the account balance at the end of the month. On exit, the fee is calculated based on the latest available balance and prorated on the number of days you were in the Fund that month.
Buy-sell spread	Nil	Not applicable
Switching fee	Nil	Not applicable
Advice fees Relating to all members investing in a particular investment option	Nil	No advice fee is charge for providing general and simple advice limited to your account.
Other fees and costs³	Comprehensive financial advice	Additional fees may be paid to a financial planner. The fees will depend on the complexity of the advice you are seeking. If you obtain complex financial advice from a planner in our financial planning business, you will be informed of the cost before you proceed. If you are issued with a statement of advice, it will contain details of the fees, which may be deducted from your account when the advice is received (or you may need to pay the fee directly).
Indirect cost ratio (ICR)¹	Nil	All indirect costs are included in Investment fees.

_{1. If your account balance for a product offered by us is less than $6,000 at the end of our 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. Investment fees may vary from year to year and cannot be precisely calculated in advance. For Flexible Income members with the Transition to Retirement feature, these amounts reflect the 0.04% per annum Trustee charge (applicable to the diversified options only) and an estimate of other components of investment fees for the 12 months to 30 June 2021. Past costs are not a reliable indicator of future costs.

3. For more information, please see ‘Additional explanation of fees and costs’ in the VicSuper Flexible Income PDS.}

Our fees and costs

Why fees matter

The fees and costs you pay form an important part of your super. In fact the combination of competitive fees and solid investment returns can help your super balance grow over time. That’s because lower fees mean more money stays in your account, ultimately helping to boost your balance.

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ABN	53 226 460 365
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