Fees & charges
Low fees. As an industry fund keeping fees low is important to us
What is it?
- There are different types of super funds.
- An industry fund like NGS Super is run only to profit members.
- Apart from basic running costs, all the profits go to you.
- We also keep fees low and to a minimum.
How it works
To open an account or make contributions, you don’t pay any fee. Check the charts below for other costs. They are super-competitive!
| Fee / Cost type | Amount | How and when paid |
|---|---|---|
| Fees when your money moves into or out of the Fund | ||
| Establishment fee * The fee to open your investment. |
Nil | Not applicable |
| Contribution fee * The fee on each amount contributed to your investment – either by you or your employer. |
Nil | Not applicable |
| Withdrawal fee * The fee on each amount you take out of your investment, including any contributions splitting amounts. |
$30.00 This fee does not apply to retirement benefits paid in full as cash or transfers to the NGS Super account based Pension. |
Deducted from your account each time a benefit is paid or contributions are split. When member protection applies, the fee may be partly or fully rebated. |
| Termination fee * The fee to close your investment. |
Nil | Not applicable |
| Management costs | ||
| Administration fee The fees and costs for managing your account. |
A flat fee of $65.00p.a. ** administration fee.
Plus A percentage fee ranging from 0.15% p.a. for the Cash option to 0.95% p.a. for the Green Shares option. |
The flat fee is deducted from a member's account on a weekly basis ($1.25 per week). |
| Investment management fee The amount you pay for specific investment options is shown in the Member Guide (PDS). |
The percentage based fee is deducted from investment earnings prior to the unit price for that investment option being determined. It is not charged directly to member accounts. | |
| Asset-based fee The fee for Fund expenses that cannot be met from the administration or investment fees. |
0.10% p.a. of assets. | The asset-based fee is deducted before the unit price is determined. It is therefore reflected in the unit price and not charged directly to member accounts. A maximum limit of $500 per year applies to your account.*** |
| Service fees | ||
| Investment switching fee The fee for changing investment options. |
Members are entitled to one free investment change each financial year. Any additional investment change will cost $30. | Deducted from account balance at the time of the switch. |
| Family Law fees | ||
| Application for information (in the format specified under the Family Law Act) |
Members: $100 Non-members: $110 |
Payable to the Trustee by the person making the request for information at the time a request is made. |
| Splitting a benefit | $100 | This fee will be deducted from a member's account at the time of the split. |
| Flagging a benefit | None | Not applicable. |
Notes
*No adviser remuneration fee applies.
**This is the fee applicable for active and inactive members.
*** If at 30 June you have paid an asset-based fee greater than $500 since the previous 1 July, a fee rebate will be credited to your account if you are still a member of NGS Super at the time the rebate is to be credited. The rebate will be in the form of additional units.
For information on management costs, please click here.
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This website is provided by NGS Super Pty Limited ABN 46 003 491 487 AFSL No 233 154 the Trustee of NGS Super ABN 73 549 180 515