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LOW FEES AND CHARGES CAN MAKE A LIFETIME OF DIFFERENCE

MTAA Super is an Industry Super Fund. We are run only to profit our members and so keep all fees and charges to a minimum. Over the years, this could significantly benefit your final super payout.

The table below details the fees that you are charged. These fees may be deducted from your account balance, the returns on investment, or from the Fund as a whole. MTAA Super recommends that you read all the information about fees, as it is important to understand their impact on any investment in this fund.

See: Fees for Pensions

Table of fees and charges
Fees when your money moves in or out of the fundAmountHow and when paid

Establishment fee
The fee to open an investment

NIL

N/A

Contribution fee
The fee on each amount contributed to the investment

NIL

N/A

Withdrawal fee
The fee on each amount taken out of the investment 

$30

Applies to both full and partial transfers or rollovers (not cash withdrawals). The fee is recovered from your account balance.

Termination fee
The fee to close the investment

NIL

N/A

Management costs

Administration fee
The fee to cover the general operating and administration costs of the Fund

$101.40 a year
(or $1.95 a week)

Deducted in arrears from the member's account balance annually or when a member withdraws their investment from the Fund.

Investment Management Costs1
The cost of managing the Fund’s investments. This includes investment-related legal costs, base and performance fees paid to investment managers, custodian and asset consultant costs, property-investment related expenses and net GST on investment costs. The investment management costs will vary each year and depend on the investment option you choose.

Investment Management costs per Investment Option for the year end 30 June 2008

  • Growth
    0.82% per annum
    ($82 per $10,000)
  • Balanced
    0.66% per annum
    ($66 per $10,000)
  • Conservative
    0.46% per annum
    ($46 per $10,000)
  • Target Return
    1.04% per annum
    ($104 per $10,000)
  • International Shares
    0.17% per annum
    ($17 per $10,000)
  • Australian Shares
    0.37% per annum
    ($37 per $10,000)
  • Diversified Fixed Interest
    0.10% per annum
    ($10 per $10,000)
  • Cash
    0.11% per annum
    ($11 per $10,000)

Investment management costs are deducted annually in arrears from the earnings of the Fund before interest is credited to members.

Service fees

Investment switching fee
The fee for changing investment options

NIL

N/A

Adviser Service Fee
The fee charged by your adviser for advice about your investment(s) in the Fund

N/A

N/A

Other fees and charges

Contribution Splitting Fee

$55

Recovered from your account balance. Only one split per year. A minimum of $1000 will apply if your spouse is not an MTAA Super member.  

Binding Death Nomination fee

$10

Deducted in arrears from your member account balance on an annual basis.

Family law fee
Fee to request information

$79

Payable by the person making the request.

Additional fee to facilitate payment split

$60

Recovered from your account balance.

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