What are the benefits of a Sunsuper account? How to apply for Sunsuper? What is Sunsuper investment option? Impact of lower fees on your super balance. Small differences in fees and costs can have a substantial impact on your long-term returns, and they can vary greatly from fund to fund.
For example, annual fees of of your account balance compared to could make a difference to your balance in retirement, for example, reduce it from $ 100to $8000.
Members pay a low administration fee of just $ 1. For balances under $ 0a maximum fee cap applies to all Sunsuper accounts, inclusive of administration fees, investment fees and indirect costs. See full list on sunsuper. A switching fee for a MySuper product is a fee to recover the costs of switching all or part of a member’s interest in a. Option and 3: Pre-mixed diversified options or single asset options. Fees and costs (for Income accounts): Administration fee: $1.
Learn more about our investments. For Sunsuper ’s other investment options: 0.
Investment fees and costs are in addition to the above. Bear in mind that other fees may apply. Consider checking the product disclosure statement (PDS) for details. You can also compare Sunsuper ’s fees to the other super funds on our database. There is a marked drop in fees across the boar with NGS cutting fees by more than half to take top spot.
Note that the fees listed below are based on a $250balance to reflect the fact that those drawing a pension will generally have had longer to accumulate a larger balance. The fees for the super funds above is based on a $50balance. On average, super members in the default investment option pay between 0. For balances under $0a maximum fee cap applies to all Sunsuper accounts, inclusive of administration fees , investment fees and indirect costs. Overall, the fees and costs for most options decrease with the exception of a select few. Beat inflation over years: Super-savings account by p. Fund Strategy Invests in a combination of active, enhanced index and index investment management, across a wide variety of asset classes with a large allocation to Australian and.
Rest, Sunsuper , BT Financial Group, and Australian Super also all have large numbers of small funds so were set to see fee cuts too. We’ll save approx $10in child care fees , $5in petrol, $0in cleaning fees (it was a non-negotiable, despite FI!), so all in all it’s not an earth shattering amount of money. Estimated saving in fee ’s over a lifetime (age onwards) was $120k from moving to SunSuper , so worth doing now rather than waiting to start that saving going.
The Sunsuper for Life product may appear in the table multiple times. While you will not be offered any single investment option, this is to take into account the different combinations of investment options SunSuper may.
Sunsuper aims to provide members with low fees and strong long-term performance from its super products, and also offers investment and insurance options. Sunsuper also sponsors a range of community initiatives to support its members and their families and has been recognised with several awards. Sunsuper index shares have the same fees yearly as theentry fees of 1 indexed shares on rest. TL:DR – you can build a portfolio that closely emulates the Vangaurd VDHG distribution and run it with minimal fees. Sunsuper ’s head of alternatives Bruce Tomlinson said the $billion fund is looking to forge closer relationships with fewer managers and wants to pay them nothing while they’re at it.
QSuper has about 600members. SunSuper discloses a list of all shareholdings in the Socially Conscious Balanced option, without investment amounts. We calculate around of the this option’s Australian share investments is in companies actively undermining the climate goals of the Paris Agreement: APA and Seven Group Holdings. Fees shown include GST (unless stated otherwise) and stamp duty if applicable. Read our Fees , costs and tax fact sheet for further detail.
Tailored financial advice is available for a fee from NGS Financial Planning. You will need to agree to the fee before the tailored financial advice is given and it will be shown in the Statement of. The total fees and any other applicable fees are deducted daily from the unit price before the unit price is declare and may differ from future fees and costs.