It's important to compare fees
When shopping around for a super fund, many people compare investment returns, but it's just as important to compare fees and charges. The result can be astounding and in some cases thousands of dollars over the life of your super can be saved.
CareSuper's Business Development Managers will be happy to generate an independent comparison specific to your needs and circumstances. You can even select the funds you would like to compare. Call the CareSuperLine on 1300 360 149 to arrange a comparison.
Fees deducted from your account
| Fees |
Amount and frequency |
| Entry/joining fee |
$0 |
| Account keeping fee* |
$1.50 per week |
| Administration fee |
0.2% of balance per year, with an annual cap of $500 |
| Death and Total & Permanent Disablement (TPD) insurance* |
$1.50 p/w per unit of Death & TPD cover (for age-based premium for fixed cover, please visit the insurance section) |
| Income Protection insurance* |
Premium varies according to your age and the waiting period nominated (please visit the insurance section) |
| Exit/withdrawal fee |
$0 |
| Buy/sell spread |
$0 |
| Investment switch |
$0 |
| Location fee |
$0 |
| Family law fee |
$0 |
*If you are a member of CareSuper Corporate, your administration fee and insurance cover and premium will have been negotiated for you by your employer. Please see the Supplementary PDS provided to you for details of your fee and insurance arrangements.
Fees deducted from your investment options
These are investment management fees and expenses. They do not come directly from your account but are deducted from the investment options before returns are declared and allocated to your account. These fees can differ from year to year as some of the fund's investment managers are paid partly on a performance fee basis. The estimated investment management fees applicable for the year ended 30 June 2008 were:
|
Managed options
|
Base fee
|
Performance fee
|
| Capital Guaranteed |
1.18%
|
0.52%
|
| Capital Stable |
0.52%
|
0.14%
|
| Conservative Balanced |
0.56%
|
0.16%
|
| Balanced |
0.70%
|
0.20%
|
| Sustainable Balanced |
0.89%
|
0.16%
|
| Alternative Growth |
1.03%
|
0.45%
|
| Growth |
0.83%
|
0.33%
|
|
Asset Class options
|
Base fee
|
Performance fee
|
Capital Secure*
|
0.11%
|
0.00%
|
| Fixed Interest |
0.45%
|
0.00%
|
| Direct Property |
0.57%
|
0.00%
|
| Australian Shares |
0.39%
|
0.15%
|
| Overseas Shares |
0.73%
|
0.00%
|
CareSuper charges no fees on contributions or transfers to CareSuper. No fees, commissions or remuneration or commissions are paid to financial advisers, tax advisers or sales agents for placing business with CareSuper.
* Formerly known as Cash
CARE Super Pty Ltd ABN 91 006 670 060 AFSL 235226 CARE Super ABN 98 172 275 725