All about
fees

We believe in bigger and brighter tomorrows for everyone

And we know that the fees you pay on your super account today can make a big difference to what your tomorrow might look like. That’s why we work hard to keep our fees low.
We’re a profit to member industry super fund.  So that means more money in your super account.
We’re big. So economies of scale help us keep a lid on costs. And we’re smart with technology, to make things simpler, easier and more efficient for you.

How your fees might look

If you’re in the Core Strategy (and you’d be in pretty good company as most of our members are in this investment option), and have a balance of $50,000, your annual fees will look like this.
And if your account balance is less than $6,000, the amount of administration fees, investment fees and indirect costs that you’ll pay each year is capped at 3% of your account balance.

Investment fee 0.60% of your balance per annum $300
Plus administration fee $1.30 per week, plus 0.1% of your account balance at the end of each month (capped at $800 per annum) $67.60 plus $50 per annum
Plus indirect cost ratio 0.07% per annum     $35
Total* $452.60 per annum
* If your account balance is less than $6,000 at the end of financial year, or if you leave Rest, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of your account balance for the year (or the period until you left ).

What these fees cover

 
All super funds will charge you a fee for looking after your super. 
The total annual fee and costs cover the different components that keep your super working for you.

You’ll pay extra fees and costs for certain transactions and if you have extra things with your super.  Like if you have insurance, you need some complex financial advice that involves a fee, you make multiple withdrawals, or you need to split your super with your ex.

Remember, when you’re thinking about brighter tomorrows, low fees are just one part of the package. Over your working life, it’s the combination of low fees and competitive investment returns that delivers the real goods.

Administration fee

The administration fee covers things like collecting contributions from you and your employer, keeping records of your transactions, sending you an annual statement and being there when you need to talk to us through one of our service channels such as our call centre, Live Chat or Rest App.

 

Investment fee

The investment fee is for the things we do to help your money grow. Our range of investment options have different fees depending on what’s involved in managing the money.

 

Indirect cost ratio

The indirect cost covers the expenses of an investment. For example, stamp duty when buying property, or brokerage costs when buying or selling shares.  It’s included when we calculate unit prices, so it’s not an extra fee that you pay. Again, different investment options have different indirect cost ratios.

Get to know your fees

If you’ve read this far, you’re obviously keen get to know your super better. And we couldn’t be happier because we really want you to know all about your super, and be in control of your super.

So here’s some more details you’ll need to know about the fees on your Rest account.

Investment fee
  • Estimated between 0.00% to 0.90% (depending your investment option) for the 12 months ending 30 June 2019.
  • Find the investment fee for each investment option here.
Administration fee
Insurance
Buy sell spread
Switching fee
Exit fee
Advice fee
Contribution splitting fee
Family law split fee
Indirect cost ratio
Transactional and operational costs, property operating costs and borrowing costs

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at rest.com.au/about-rest/awards. Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au