We believe in keeping our fees down to enable our members to keep more of their money in their account, growing for their retirement.
How do we keep our fees down?
No dividends to shareholders
We're here to help you!
No entry or exit fees
Other super funds may charge fees every time you transfer your money into your account.
No financial planner commissions
Our goal is to get the best outcome for you.
Here is a list of a full range of fees and costs associated with your Australian Catholic Superannuation account:
Administration fee is $1.50 per week. If you have a superannuation account, we charge $1.50 a week plus 0.25% pa of your account balance (capped at $2000).
Investment fees cover the cost to manage your investments – this includes things like performance related fees and external management costs.
For our default, LifetimeOne, you will pay 0.67% – 0.80%.
For our Growth option, you will pay 0.67%.
For our credit income option, you will pay 0.46%.
An indirect cost ratio is your part of the indirect costs incurred by the investment managers to manage your investment. This includes everything from brokerage costs (the cost of trading shares) to stamp duty paid on the purchase of a property.
Whilst these costs are not paid out of the Fund as a fee payment to the investment manager, the investment returns reflect all costs incurred.
Learn how much our award winning financial planners charge.
Insurance fees (or premiums) are removed from your super balance automatically. Curious about how much you need?
Buy-sell spread: Nil
Switching fee: Nil
Remember, a small difference in fees now can add up to being a significant difference by the time you retire; it’s important to understand how much you are paying for your fund.
Fees can be charged regularly, annually or when an action is taken. Please note that other fund costs and expenses may be taken out of fund assets. Please refer to the Product Disclosure Statement for further details.
When you’re comparing fees, costs and performance, it’s important to ensure you’re comparing them equally – apples-to-apples.
For example, ensure that fees are taken out at the same time, i.e. fees are charged weekly or fortnightly, or before or after weekly unit prices are determined.
Additionally, the fees for options with different risk profiles can vary greatly so comparing low-risk fund options might not provide clarity if you’re after a higher-risk option.
Summary of investment options
The table below summarises all investment management fees and indirect cost ratios that will apply for each investment option:
Investment option Fees and costs Indirect Cost Ratio LifeTime One 0.43% 0.30%-0.37% Growth 0.37% 0.30% Balanced 0.42% 0.34% Conservative Balanced 0.42% 0.37% Conservative 0.43% 0.31% Capital Stable 0.35% 0.24% Socially Responsible 0.57% 0.00% Shares 0.22% 0.21% Australian Shares 0.22% 0.21% International Shares 0.22% 0.21% Property 0.77% 0.65% Bonds 0.27% 0.15% Credit Income 0.31% 0.15% Cash + Term Deposits 0.09% 0.00% RetireSmart Growth 0.42% 0.34% RetireSmart Cash 0.09% 0.00%
Example fees breakdown
The table below shows what fees might look like in one year for a member who is invested within the ‘Balanced Option’ and has a superannuation balance of $50,000.
|Example - Balance option|
|Investment fees||0.42% (50,000 balance x 0.0042)||$210|
|PLUS Adminsitration fees||$1.50 (1.50 x 52 weeks in a year = $78) + (50,000 x 0.0025 = $125)
|PLUS Indirect costs||0.34% (50,000 balance x 0.0034)||$170|
Please note: additional fees may apply