Tasplan is a profit-for-members fund, so we never charge extra fees just for the heck of it. We only charge you what we absolutely need to, so we can keep the fund growing. We don’t charge entry fees or contribution fees – and Tasplan doesn't pay commissions to financial planners.
We're not about corporate greed – we're all about making sure you enjoy your best possible retirement.
|Type of fee||Amount||How and when you pay|
|Investment fee||The estimated investment fees range from 0.11% each year up to 0.99% each year depending on your chosen investment option. To see the estimated investment fee for each investment option go to Investment fees.||Deducted from investment returns before they are credited to your account. Performance fee estimates are included in the investment fee.|
|Administration fee||$1.50 each week ($78 each year) plus 0.29% of your account balance each year (the percentage fee is capped at $1,500 each year).||Calculated weekly and deducted monthly from your account.|
|Buy-sell spread||Ranges from 0.00% to 0.50% depending on your chosen investment option. This is because costs, such as brokerage and stamp duty, for different asset classes vary. You can see the buy-sell spreads for all investment options at Buy-sell spreads.||The cost is reflected in the difference between the buy and sell unit prices of each investment option when you invest in or withdraw from the investment option. This cost is not applied directly to your account.|
|Switching fee||$0||Not applicable.|
$60 for a full withdrawal.
$30 for each part withdrawal.
|Applies to full and part withdrawals. Deducted from your account at the time your withdrawal is processed.|
|Advice fees for members investing in a particular product or investment option.||$0||For intra-fund advice only.|
|Other fees and costs||Depending on your choices, we may charge other fees, such as activity fees and advice fees for personal advice.||For more information, refer to the Member guide.|
|Indirect cost ratio||Not applicable||Not applicable|
The following fee definitions are required to be disclosed as per Schedule 10 of the Corporations Regulations 2001.
A fee is an activity fee if:
a) the fee relates to costs incurred by the trustee of the superannuation entity that are directly related to an activity of the trustee:
b) those costs are not otherwise charged as an administration fee, an investment fee, buy-sell spread, a switching fee, an exit fee, an advice fee or an insurance fee.
An administration fee is a fee that relates to the administration or operation of the superannuation entity and includes costs incurred by the trustee of the entity that:
a) relate to the administration or operation of the entity and
b) are not otherwise charged as an investment fee, a buy-sell spread, a switching fee, an exit fee, an activity fee, an advice fee or an insurance fee.
A fee is an advice fee if:
a) the fee relates directly to costs incurred by the trustee of the superannuation entity because provisions of financial product advice to a member by:
b) those costs are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, and activity fee or an insurance fee.
A buy-sell spread is a fee to recover transaction costs incurred by the trustee of the superannuation entity in relation to the sale and purchase of assets of the entity.
An exit fee is a fee to recover the costs of disposing of all or part of members’ interests in the superannuation entity.
The indirect cost ratio, for a MySuper product or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the MySuper product or investment option, to the total average net assets of the superannuation entity attributed to the MySuper product or investment option.
Note: a dollar-based fee deducted directly from a member’s account is not included in the indirect cost ratio.
An investment fee is a fee that relates to the investment of the assets of a superannuation entity and includes:
a) fees in payment for the exercise of care and expertise in the investment of those assets (including performance fees) and
b) costs incurred by the trustee of the entity that:
A fee is an insurance fee if:
a) the fee relates directly to either or both of the following:
b) the fees does not relate to any part of a premium or cost incurred in relation to a life policy or a contract of insurance that relates to a benefit to the member that is based on the performance of an investment rather than the realisation of a risk and
c) the premiums and costs to which the fee relates are not otherwise charged as an administration fee, an investment fee, a switching fee, an exit fee, an activity fee or an advice fee.
A switching fee is a fee to recover the costs of switching all or part of a member’s interest in a superannuation entity from one class of beneficial interest in the entity to another.
For more information, check out the Fees and costs section of the Tasplan Pension Member guide.