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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VicSuper FutureSaver
Type of fee or cost Amount How and when paid Investment fee1,2 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 optionNil 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 fee1,2 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 optionNil 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 fee1,2 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 optionNil 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.
Recognised for outstanding value
We’ve been awarded Canstar’s 5-Star Rating for Outstanding Value Superannuation in 2020, one of only six super funds across Australia to receive this rating.
If you have any insurance cover through your VicSuper FutureSaver account, the applicable premiums will be deducted from your account monthly. You can find out more in the Insurance Handbook (PDF 3mb).
In most cases, VicSuper members receive superannuation advice at no extra cost. In cases where fees for financial advice do apply, these will be clearly explained to you in advance so you can decide if you wish to proceed.
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