Christian Super’s products have a competitive fee structure. The following table lists out the fees and charges you pay. Click here to see the Fees and Charges fact sheet.
|Type of fee or cost||Amount||How and when paid|
|Investment fee||0.19 – 0.51%||Deducted from gross investment returns, and do not appear as a transaction on your statement|
|Administration fee||$65.00 p.a. ($1.25 per week) plus 0.27% p.a. of your account balance (capped at $1,346 p.a.)†||Deducted from your account balance each month|
|Advice fee||Free financial advice
Full financial advice
|Free over-the-phone general advice from our Member Care Team and via SuperEquip in the MemberAccess section of our website.
Full financial advice as per Statement of Advice
|Other fees and costs||Refer to the Additional Explanation section of the Fees and Charges document|
|Indirect Cost Ratio||0.00 – 0.55%*||Deducted from gross investment returns, and do not appear as a transaction on your statement|
† This cap is valid for 2020/21 financial year but indexed each year.
* This includes an estimate of performance fees, which may vary from year to year.
If your account balance is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you is capped at 3% of the account balance. Any amount charged in excess of that cap will be refunded after the end of the financial year.
EXAMPLE: My Ethical Super
|Type of fee or cost||Amount||How and when paid|
|Investment fee||0.38%||For every $50 000 you have in the MySuper product you will be charged $190 each year|
|Plus Administration fee||$1.25 per week plus 0.27% p.a. of your account balance||And, $65 in administration fees regardless of your balance plus $135.|
|Plus Indirect costs for My Ethical Super||0.51%||And further indirect costs of $255 each year will be deducted from your investment.|
|EQUALS cost of product||If your balance was $50,000 then for that year you would be charged $645.|
Administration fee – Fees and costs relating to the administration or operation of Christian Super.
Investment fee – Fees and costs relating to the investment of your assets, including performance fees.
Advice fee – Fee relating to the provision of financial advice to a member by Christian Super, or by another person under an arrangement with Christian Super
Switching fee – Fee to recover costs of switching between investment options.
Buy-sell spread – Costs incurred relating to the sale and purchase of assets.
Indirect cost ratio – The ratio of the total indirect costs for the investment option, to the total average net assets of Christian Super attributed to the investment option.
Administration fees, investment fees and indirect costs are equivalent to those listed above. More information can be found in the Pension Guide.
Other important information
Performance based investment fees
The Fund has agreed certain targets with some investment managers that exceed the stated objectives for the Fund’s investment options. A performance-based fee (generally not exceeding 0.3% p.a.) may apply if managers meet or exceed their targets. Such fees, if applicable, are deducted from gross investment returns.
Christian Super deducts premiums from your account on a weekly basis, for any insurance cover you may have in the Fund. A portion of collected premiums remain with Christian Super to cover the internal costs associated with the administration of the insurance products. For further information, please read the Insurance Guide.
Changes in fees and costs
The Trustee may review the stated fees & costs at any time. If significant fees are to increase (other than with inflation) you will receive at least 30 days’ notice. Any changes may be advised to members through our PDS, Annual Report, newsletters or the Fund’s website.
Tax may apply to your superannuation on contributions, investment earnings and on benefits. Please note that tax can be complex and you may benefit from seeking expert tax advice.
Christian Super is required to deduct tax from your account in certain circumstances. These amounts are deducted from your account as they are charged to the Fund, and are explained in further detail in our Product Disclosure Statement (PDS).
Tax on contributions
Contributions are generally classified as either concessional (employer, salary sacrifice and self-employed contributions) or non-concessional contributions (voluntary after-tax and spouse contributions, plus transfers from most overseas funds).
Concessional contributions are generally taxed at 15% when they are paid into Christian Super. However, amounts received above the maximum limit in a financial year are taxed at the top marginal rate of 45% plus Medicare levy.
Non-concessional contributions are not taxed.
Please note that the information contained on this website is a summary and general in nature. It does not take into account any personal objectives, financial situation or specific needs of individual members. We strongly recommend that you refer to our Product Disclosure Statement (PDS) and Fees and Charges Guide for the full terms and conditions, and obtain professional financial advice to determine the appropriateness of the information, taking into account your own personal circumstances.