This is deducted directly from your account balance for administration services, at $1.40 per week ($72.80 per year).
Indirect cost ratio (ICR)
The ICR includes any fees not charged directly from your account, but which reduce returns. ICRs range from 0.79% to 3.05%, depending on investment options.
ICRs for each investment option are available here.
This is a fee charged to switch your account balance between different investment options. Emplus Super does not charge a switching fee.
An exit fee is deducted directly from your account balance and is $50 per withdrawal.
Buy and sell spread
The recovers transaction costs for the sale and purchase of assets in the fund but isn’t applied directly to your account. It’s the margin (or ‘spread’) between the weekly buy and sell price for an investment option, and is reflected in the weekly unit prices. Buy and sell spreads range from 0.00% to 0.52% depending on the investment options selected.
Buy and sell spreads for each investment option are available here.
Adviser service fees
This fee is deducted directly from your account and is paid to your financial adviser. The fee varies and can be negotiated with your financial adviser.
More information on financial advice is here.
Insurance premiums are deducted directly from your account balance for death, total and permanent disablement, and income protection insurance cover.
Premiums vary according to the type of insurance, level of cover, your age and nominated waiting periods. More information on insurance is here.
Emplus Super does not charge a
- ‘family law’ related fee
- switching fee (buy and sell spreads apply)
- fee to transfer other accounts into Emplus Super
- additional fee to administer insurance premiums and claims.