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 0.05% each year up to 0.99% each year depending on your chosen investment option. You can see the estimated investment fee for each investment option at Investment costs.||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 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, unless you’re transferring to a Tasplan Pension. Deducted from your account at the time of processing.|
|Advice fees for members investing in a particular 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 ratio||The indirect cost ratio ranges from 0.00% each year up to 0.25% each year depending on your chosen investment option. You can see the indirect cost ratio for each investment option at Investment costs||Deducted from your investment returns before they are credited to your account.|
*Investment fees are based on estimated annual investment fees for a full financial year and are indicative only. Future actual investment fees will vary mainly due to the underlying investments used, performance and asset allocation.
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.
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.
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 fee deducted from a member’s account or paid out of the superannuation entity is not an indirect cost.
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:
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 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.
For the lowest possible fees and great service, join Tasplan today.