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FEES AND CHARGES

The following table shows the fees and other costs you could be charged. These fees and costs may be deducted from your money, from the returns on your investment, or from the Fund as a whole. You should read all the information about fees and costs because it is important to understand their impact on your investment.

Note: For a full description of fees such as Family Law fees and taxation of benefits, please refer to the Pensions Handbook.

Table of fees and charges

Fees when your money moves in or out of the Fund

 Amount

How and when paid

Establishment fee
The fee to open an investment

 Nil

Not applicable

Contribution fee
The fee on each amount contributed to the investment

 Nil

Not applicable

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

 $30

Applies to both full and partial commutations (where permissible). Does  not apply to regular pension payments. The fee is deducted at the time payment is processed. 

Termination fee
The fee to close your investment.

 Nil

Not applicable

Management Costs

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

 $390 per year
(or $7.50 per week).

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

Estimated investment management costs 1
The cost of managing the Fund's investments.

 

  • Growth
    0.96% p.a
    ($96 per $10,000)
  • Balanced
    0.81% p.a
    ($81 per $10,000)
  • Conservative
    0.64% p.a
    ($64 per $10,000)
  • Target Return
    1.17% p.a
    ($117 per $10,000)
  • International Shares
    0.23% p.a
    ($23 per $10,000)
  • Australian Shares
    0.15% p.a 
    ($15 per $10,000)
  • Diversified Fixed Interest
    0.14% p.a
    ($14 per $10,000)
  • Cash
    0.16% p.a
    ($16 per $10,000)

Deducted from the earnings of the Fund before net earnings are applied to a member's account. This will be either annually in arrears or when a member withdraws their investment from the Fund.

Service fees

Investment switching fee2
The fee charged for changing investment options.

 Nil

Not applicable

Other fees and charges

Binding death benefit nomination fee
This applies only if a member elects to make a binding nomination.

$10

Deducted annually in arrears from a member's account balance.

Family law fee
Fee to request information.



 $79



Payable by the person making the request at the time of the request.

Additional fee to facilitate payment split.

$60

Deducted when the split is processed. Please refer to the 'Family law fees' section in the Pension handbook for details. 

For any queries, please call us on 1300 362 415

MTAA Super offers a FREE first consultation with a Financial Planner for anyone considering a pension. Call us on 1300 362 415 to arrange a meeting.

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