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 fee1||The estimated investment fees range from 0.06% each year up to 0.69% each year depending on your chosen investment option. You can see the estimated investment fee for each investment option in the table below.||Deducted from investment returns before they are credited to your account. Performance related fee estimates are included in the investment fee.|
|Administration fee||$1.50 each week plus 0.20% of your account balance each year (the percentage fee is capped at $500 each year).||Calculated weekly and deducted monthly from your account.|
|Switching fee||$0||Not applicable.|
$60 for full withdrawals.
$30 for part withdrawals.
|Applies to all full and part withdrawals, including transfers to other funds. Deducted from your account at the time of processing.|
|Advice fees for members investing in a MySuper product or investment option.||$0||For intra-fund advice only.|
|Other fees and costs||Other fees and costs, such as activity fees, advice fees for personal advice and insurance fees, may be charged, but these will depend on the nature of the activity, advice or insurance you choose.||For more information, refer to the Member guide.|
|Indirect cost ratio2||The estimated indirect cost ratio ranges from 0.00% each year up to 0.28% each year depending on your chosen investment option. You can see the estimated indirect cost ratio for each investment option in the Estimated investment fee table below||Deducted from your investment returns before they are credited to your account.|
1 Investment and performance related fees are based on estimated annual investment fees for a full financial year and are indicative only. Future investment fees will vary mainly due to the underlying investments used, performance and asset allocation.
2 The indirect cost ratio is estimated based on cost incurred during the 2017-18 financial year.
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 that relate to that administration or operation, other than:
a) borrowing costs and
b) indirect costs that are not paid out of the superannuation entity that the trustee has elected in writing will be treated as indirect costs and not fees incurred by the trustee of the entity or in an interposed vehicle or derivative financial product and
c) costs that are 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.
Tasplan’s administration fees cover the day‑to‑day management of member accounts and operation of the fund. This includes items such as compliance costs, licence fees, office rent, audits, provision of member statements and processing transactions.
A fee is an advice fee if:
a) the fee relates directly to costs incurred by the trustee of the superannuation entity because of the provision 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.
We can provide you with general advice on your Tasplan account, free of charge. If you need personal advice, you can meet with a Tasplan financial planner. Our planners have set fees for advice and you may be able to pay for this out of your Tasplan account. Tasplan financial planners are authorised representatives of Quadrant First Pty Ltd (ABN 78 102 167 877, AFS Licence No. 284443), a wholly owned subsidiary of Tasplan Pty Ltd operating as a separate legal entity.
The Statement of advice provided by your financial expert will state the fees, if any, that you’ll pay.
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.
Buy-sell spreads aren’t charged for our investment options.
An exit fee is a fee to recover the costs of disposing of all or part of members’ interests in the superannuation entity.
Exit fees recover the costs of full and part withdrawals.
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 fee deducted from a member’s account or paid out of the superannuation entity is not an indirect cost.
The indirect cost ratio includes the costs related to the management of your investment options, including transactional and operational costs. These costs are deducted from investment returns before they’re credited to your account or reduce the earnings received from underlying investments within your investment options.
You can see the estimated indirect cost ratio for each investment option in the Estimated investment fee table below.
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 that relate to the investment of assets of the entity other than:
This includes investment fees relating to your chosen investment options and performance related fees, if applicable. The investment fee for each investment option varies depending on the nature of the underlying investments.
This fee recovers the indirect investment fees and costs associated with the investment and management of the fund’s assets. These fees are deducted from investment returns before they are credited to your account.
Some of Tasplan’s investment managers can earn additional fees, called performance related fees, if their investment returns exceed an agreed target rate. The target rate is based on the benchmark return for that asset class and the investment manager.
The estimated performance related fees are based on the estimated expected outperformance of each fund manager against agreed targets. When a manager has been appointed on a performance fee basis, the fee depends on whether and by how much the manager has exceeded the agreed target. As such, the actual performance related fees can’t be determined.
Where the trustee has engaged an investment manager on a performance fee arrangement, a provision for the fee will be deducted from the investment fee of the relevant investment option, and will be passed on to members by way of an adjustment to the unit price. The provision for the performance fee is reconciled against the actual performance fee incurred on a regular basis.
The trustee will apply a performance fee if it anticipates that it will be payable to an investment manager.
The table below shows the costs of managing your investment options.
|Investment option||Estimated investment fee each year3||Estimated indirect cost ratio4|
|Investment fee (base)||Performance related fee||Total|
3 Investment and performance related fees are based on estimated annual fees for a full year and are indicative only. Future investment fees will vary mainly due to the underlying investments used, performance and asset allocation.
4 The indirect cost ratio is estimated based on actual costs incurred in 2017-18 and vary from year-to-year.
® Registered to Tasplan Pty Ltd ABN 13 009 563 062.
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. Insurance costs are made up of insurance fees (gross cost) less 15% for a tax deduction we’re able to claim on the insurance fee (net cost), which is passed straight back to members. Insurance costs are calculated weekly and deducted monthly from your Tasplan account.
The cost of your insurance depends on your age, the type of cover you hold and your occupation rating. Information about insurance, including costs, are detailed in the relevant Tasplan Super Member guide.
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 superannuation entity from one class of beneficial interest in the entity to another.
A switching fee for a superannuation product other than a MySuper product, is a fee to recover the costs of switching all or part of a member’s interest in a superannuation entity from one investment option or product in the entity to another.
There’s no fee for switching investment options.
Transactional and operational costs can include:
Transactional and operational costs depend on the type and complexity of the underlying assets within each of our investment options. They are a cost to members and are included in the indirect cost ratio, they are not directly charged to your account. They may be deducted from investment returns before they are credited to your account or reduce the earnings distributed to us from the underlying assets within your investment options. The table below shows the transactional and operational costs for each investment option.
Property operating costs relate to property investments within our investment options and include costs such a property maintenance and management costs. Property operating costs aren’t included in the indirect cost ratio and are an additional cost, however your account is not directly charged. Property operating costs may reduce the earnings for the underlying asset before they distributed to us.
Estimated property operating costs are shown in the table below.
While Tasplan does not borrow money, some entities who manage the underlying investments within our investment options may borrow and incur borrowing costs. Examples of borrowing costs include interest, establishment fees, administrative fees and other fees for maintaining the loans, borrowing costs are not directly charged to your account but may reduce the earnings for the underlying asset before they are distributed to us. They are not included in the investment fee or indirect cost ratio.
The following table shows estimated transactional and operational costs, property operating costs and borrowing costs. These costs have been estimated based on costs incurred in 2017-18. The property operating and borrowing costs are additional costs that generally reduce the earnings of underlying investment within your investment options. The transactional and operational costs are included in the indirect cost ratio.
|Investment option||Estimated property operating costs each year||Estimated borrowing costs each year||Estimated transactional and operational costs included in the indirect cost ratio each year|
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