|Type of fee||Amount||How and when you pay|
|Investment fee1,2||The estimated investment fees range from 0.06% each year up to 0.75% 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're credited to your account. Performance related fee estimates are included in the investment fee.|
|Administration fee2||$6.503 each month plus 0.21% of your account balance each year (the percentage fee is capped at $1,2003 each year).||Calculated daily and deducted monthly from your account.|
|Buy-sell spread||0%||Not applicable.|
|Switching fee||$0||Not applicable.|
|Advice fees relating to all members investing in a particular investment option.||$0||For intra-fund advice only.|
|Other fees and costs||
Other fees and costs, such as activity fees and advice fees for personal advice, may be charged, but these will depend on the nature of the activity or advice.
See below for more information.
|Indirect cost ratio2,4||The estimated indirect cost ratio ranges from 0.00% each year up to 0.20% 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.|
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 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 activity fee, an advice fee or an insurance fee.
Our 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 activity fee or an insurance fee.
We can provide you with general advice on your Tasplan account. 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.
We don't charge buy-sell spreads.
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.
We don't charge exit fees.
The indirect cost ratio, for an investment option or an investment option offered by a superannuation entity, is the ratio of the total of the indirect costs for the investment option, to the total average net assets of the superannuation entity attributed to the 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.
We have 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 year1||Estimated indirect cost ratio5
|Investment fee (base)||Performance related fee||Total|
A switching fee for a superannuation 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.
We don't charge fees 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.
We don't 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 2018-19. 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|
Fees shown on this page include GST and stamp duty, if applicable.
For more information, check out the Fees and costs section of the Tasplan Pension guide.