Fees & charges
Compare our fees & charges with other super funds
When choosing a super fund you should always compare the fees you’ll be charged – because, in the end, it’s your money.Our fees and charges are outlined below in a simple format that allows for easy comparison with other super funds. These fees and costs may be deducted from your superannuation account, from the returns on your investment or from Catholic Super’s assets.
View our pension account fees and charges here
| Type of fee or cost | Amount |
How and when paid
|
||
| Fees when your money moves in and out of the Fund | ||||
| Establishment fee The fee to open your investment.* |
$0 |
Not applicable |
||
| Contribution fee The fee for each amount contributed to your investment. |
$0 |
Not applicable |
||
| Qualifying Recognised Overseas Pension Scheme (QROPS) transfer fee The fee to transfer a UK Pension Benefit to Catholic Super. |
$100 |
This one-off fee is charged to complete the transfer of a UK Pension Benefit to a Catholic Super account. |
||
| Withdrawal fee The fee for each amount that is withdrawn from a member’s account. |
$75 |
Applies to all eligible
withdrawals including partial
withdrawals from a
member’s superannuation
account. |
||
| Termination fee The fee for the full closure of the member’s account with Catholic Super. |
$75 |
Applies to:
|
||
| Management costs - the fees and costs for managing your investment. | ||||
| Member fee The fee to manage your account. |
$1.50 per week |
Deducted monthly from members’ accounts. |
||
| Administration fee The fee to cover the general administration of the fund. |
0.16% of account balances |
Included in the calculation of unit prices. This fee is not charged directly to members’ accounts. |
||
| Investment management fee This is the fee for managing the fund’s investments. It includes the fees and expenses for investment managers and the fees paid for the services of the Custodian and Asset Consultant. Some managers appointed by the Fund have fee scales which incorporate a base fee and a fee which depends on their performance relative to specified benchmarks. The performance component cannot be predicted in advance. If all managers who have performancebased fees outperform their benchmarks by 1%, the investment management fee would increase by an amount in the range of 0% to 0.07% pa. When performance fees are incurred, they are accompanied by a more than commensurate increase in returns by the investment manager. |
Investment Options |
Estimated Investment Management Fee |
Estimated Performance Fee |
These fees are deducted from the investment earnings of the particular investment option and are reflected in the calculation of unit prices. No investment management fees are charged directly to member accounts. Note 1 - these fees applied for the financial year ending 30 June 2012. Investment management fees will vary from year to year depending on the total amount of funds under management in each option, and the investment performance of each option. Note 2 - Note that Conservative Balanced and RetirePlus are estimates only based on strategic asset allocations as the options did not commence until 22 June 2012. |
| Managed Choice Options | ||||
| Aggressive |
0.69% |
0.08% |
||
| Moderately Aggressive |
0.66% |
0.08% |
||
| Balanced |
0.63% |
0.08% |
||
| Conservative Balanced | 0.55% |
0.08% |
||
| Moderately Conservative |
0.48% |
0.07% |
||
| Conservative |
0.42% |
0.07% |
||
| RetirePlus | 0.51% |
0.01% |
||
| Build Your Own options | ||||
| Australian Shares |
0.53% |
0.17% |
||
| Overseas Shares |
0.75% |
0.03% |
||
| Property |
0.66% |
0.02% |
||
| Fixed Interest |
0.37% |
0.18% |
||
| FlexiTerm Desposit |
0.19% |
0.00% |
||
| Cash |
0.09% |
0.00% |
||
| Service fees** | ||||
| Investment switching fee The fee for changing investment option |
$0 |
Not applicable |
||
** See Additional Explanation of Fees and Costs in our PDS for information on all other fees which may be payable.
Additional explanation of fees and costs
Please refer to the Product Disclosure Statement (PDS) and the Fees and other costs document for more information.Want to know more about our fees and charges? Contact Us or call 1300 655 002 (Mon-Fri 8.00am-5.30pm AEST).
