Fees and other charges

We do not charge:

entry fees
contribution fees
investment option switching fees.

We also do not pay commissions to financial advisers, which means more money in your super account.

If your account balance is less than $6,000 at the end of financial year, or if you leave Acumen, 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).

Acumen

Type of fee	Amount	How and when paid
Investment fee	Estimated between 0.00% to 0.90% pa for the 12 months to 30 June 2019, including estimated performance related fees of up to 0.40% pa. View detailed list	Accrued and reflected in an option’s unit price and deducted from the income or assets underlying the investment option. The fee is not deducted directly from your account
Administration fee The fee for administering your account	From $0.00 to $1.60 per week plus from 0.0% to 0.65% pa of your account balance at the end of the month	Deducted from your account at the end of each month.
Buy/Sell Spread	Buy spread range: Up to 0.20% Sell spread range: 0.00%	Included in the unit price for each option when we issue units to you upon receipt of a contribution or rollover for you, or you switch your investment option
Switching Fee	Nil	Not applicable. However, a buy spread applies when investing in an investment option
Exit Fee	Nil	Not applicable
Advice Fee Relating to all members investing in a particular MySuper product or investment option	Nil	Not applicable
Other Fees and costs
	Contribution splitting fee of $60 per split	Deducted from your account at the time the contribution split is made
	Family law split fee of $50 per split	Split between your account and your spouse's account when the split is made
	Personal advice fees, if you agree a fee with your adviser	As agreed with your adviser
	Insurance fees, if you have insurance cover in Acumen	Refer to the Acumen Member guide in MemberAccess
Indirect cost ratio	For Core Strategy, estimated to be 0.07% pa for the 12 months to 30 June 2019. Estimated between 0.00% to 0.30% pa for the 12 months ending 30 June 2019	Accrued and reflected in an option’s unit price, and deducted from the assets underlying the investment option. The fee is not deducted directly from your account
Transaction and operational costs, property operating costs and borrowing costs	These are not new or extra fees and costs, but form part of the investment fee or indirect cost ratio	You can learn more about these fees here