What it costs
Tasplan is a profits-to-members fund that aims to keep the fees and charges as low as possible whilst maintaining a high quality service to members. We do not charge entry fees or pay commissions to financial planners.
A summary of the key fees and charges
| Type of Fee or Cost | Amount | How and When Paid |
| Fees when your money moves in or out of the Fund | ||
| Establishment fee1: The fee to open your investment. |
Nil | X Not applicable |
| Contribution fee1: The fee on each amount contributed to your investment – either by you or your employer. |
Nil | X Not applicable |
| Withdrawal fee1: The fee on each amount you take out of your investment. |
$56.27 | Deducted from your account each time a withdrawal is made from your account or a benefit is paid. When member protection applies, the fee may be partly or fully rebated. (Full and Partial Withdrawals) |
| Termination fee1: The fee to close your investment. |
Nil | X Not applicable |
| Management costs2 | ||
| The fees and costs for managing your investment The amount you pay for specific investment options is shown in the Tasplan PDS. |
A flat member fee of $1.81 per week (or $94.12 pa) Plus A percentage fee ranging from 0.088% pa for the Cash option to 0.732% pa for the Equities option |
The flat member fee is deducted from member accounts on a monthly basis having regard to the number of weeks in that month. The percentage based fee is deducted from investment earnings prior to the crediting rate or interim crediting rate for that investment option being determined. |
| Service fees3 | ||
| Investment switching fee The fee for changing investment options |
$23.57 for the second and subsequent investment switch in a financial year. |
Deducted from your account at the time the switch is processed. |
1 No adviser remuneration fee applies.
2 See breakdown of ongoing management fees on page 13 of the Tasplan PDS.
3 In some cases, user pays fees for Family Law actions and Contribution Splitting may also apply. See page 12 of the Tasplan PDS.
Tasplan protects low account balances
While investment earnings allocated to your account will generally exceed fees, if your account balance is particularly low, this may not be the case. If your account balance is under $1,000, Tasplan will not charge you more in administration fees than the investment earnings allocated to your account in accordance with the declared crediting rates (unless the Plan's administration expenses are higher than the overall investment returns it receives).