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||0.35 – 0.80%*^||Deducted from gross investment returns, and do not appear as a transaction on your statement|
|Administration fee||$91 p.a. ($1.75 per week) plus 0.2% expense recovery fee||Deducted from account balance each month|
|Exit fee||$52 ($0 exit fee for Pensions)||Deducted from balance when a withdrawal occurs|
|Advice fee||Full financial planning advice is available upon request through our Member Care Centre.||Free advice is available through Christian Super’s Member Care Centre. FULL financial advice: fees as per Statement of Advice|
|Other fees and costs||Refer to the Fees and Charges document|
|Indirect Cost Ratio||0.01 – 0.13%*||Deducted from gross investment returns, and do not appear as a transaction on your account statement|
* Investment fee and Indirect Cost Ratio vary between Investment Options. See the Investment Guide for more details.
^ This includes an estimate of performance fees, which may vary from year to year.
Please note that fees and costs can be paid either directly from your account, or indirectly, by being deducted from your investment returns before they are credited to your account.
If significant fees are to increase (other than with inflation) you will receive at least 30 days notice. We will notify you no later than 30 days before the change occurs. Fees may vary at any time at our discretion, without member consent. Any changes may be advised to members through our PDS, Annual Report, newsletters or website.
|TYPE OF FEE OR COST||AMOUNT||HOW AND WHEN PAID|
|Investment fee||0.80%||For every $50 000 you have in the MyEthicalSuper product you will be charged $400 each year|
|Plus Administration fee||$91 p.a. ($1.75 p.w.) plus 0.2% expense recovery fee||And, $91 in administration fees regardless of your balance plus $100|
|Plus Indirect costs for MyEthicalSuper||0.117%*||And further indirect costs of $58.50 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 $649.50|
* Additional fees may apply, e.g. if you leave the Fund, you will incur an exit fee of $52.
Fees & costs relating to the administration or operation of Christian Super.
Fees & costs relating to the investment of your assets, including performance fees.
Fee to recover cost of disposing all or part of your interests in Christian Super.
Fee relating to the provision of financial advice to a member by Christian Super, or by another person under an arrangement with Christian Super.
Fee to recover costs of switching between investment options.
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, expense recovery fees and indirect costs are equivalent to those listed above. However, there is no exit fee. No fees are charged for regular pension payments but if you withdraw a lump sum, a fee of $52 is applied.
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 Member Guide (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.