Superannuation Fees & Costs, Calculate Super

Summary of fees and costs

This section shows fees and other costs that you may be charged. These fees and costs may be deducted from your money, from the returns on your investment or from the assets of NGS Super as a whole.

Other fees — such as advice fees for personal advice and insurance premiums — may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you.

Entry fees and exit fees cannot be charged.

Ongoing annual fees and costs*

Type of fee	Amount	How and when paid
Administration fees and costs	$65 p.a. ($1.25 per week) PLUS 0.10% p.a. of your account balance, capped at $500 p.a.^~ plus Nil⁺	Deducted from your account balance weekly. Pre-mixed and sector-specific investment option balances: calculated and deducted daily from your investment earnings before the unit price is determined. It is not a direct charge to your account. NGS Self-Managed DIO balance: calculated daily and deducted monthly direct from your NGS Accumulation account balance invested in pre-mixed and/or sector-specific options. Additional administration costs may be paid from the Fund reserve, not your account. The amount shown is the expected amount to be paid in the future from the Fund reserve.
Investments fees and costs^#,^{^}	Varies according to your chosen investment option(s) and ranges between 0.04% p.a. and 0.93% p.a. (more detail provided in the Investment fees and costs section).	Deducted from investment earnings before the unit price is determined. It is not a direct charge to your account.
Transaction costs	Varies according to your chosen investment option(s) and ranges between 0.00% p.a. and 0.09% p.a. (more detail provided in the Transaction costs section).	Deducted from investment earnings before the unit price is determined. It is not a direct charge to your account.

*If your NGS Accumulation account balance is less than $6,000 at the end of our income year, certain fees and costs charged to you in relation to administration and investment are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.
^~If you have paid an asset-based fee greater than $500 for all your NGS accounts for the financial year ended 30 June, a fee rebate will be credited to your account if you are an NGS member at that time. Where you have multiple accounts, any rebate will be apportioned based on your account balances. The rebate will be in the form of additional units.
^#Investment fees and costs include performance fees. The calculation basis is set out in the Investment fees and costs section.
^{^}Investment fees and costs, and transaction costs are based on actual 2022–23 fees and costs. Past costs are not a reliable indicator of future costs. Actual costs will vary from year to year and will be shown in that year’s annual report available at ngssuper.com.au/annualreport
⁺This is the amount calculated for the 2022-23 financial year. The actual amount will change from year to year and may be more or less than the amount shown.

Member activity-related fees and costs

Type of fee	Amount	How and when paid
Buy-sell spread Covers transaction costs in relation to the sale and purchase of assets	Nil	N/A
Switching fee Covers the costs of switching investment options within your account	Nil	N/A
Other fees and costs^†	Varies, depending on insurance cover you have or personal advice you obtain.	Insurance fees are deducted from insured members’ accounts each week in arrears. Personal advice fees are deducted from members’ accounts where permitted and agreed.

Note: the trustee of NGS Super has the right to increase fees at any time. Increases may be due to changes in economic conditions or government regulations, increased costs or a substantial reduction in the size of the fund. The trustee will give 30 days’ notice of any increases to fees deducted directly from your account. For further detail on our fees and costs, please read our Fees, costs and tax guide.

Investment fees and costs and transaction costs

Investment fees and costs

Investment option — Accumulation and TTR accounts	Investment fees and costs p.a.^
Pre-mixed
Diversified (MySuper)	0.80%
High Growth	0.93%
Balanced	0.63%
Defensive	0.64%
Indexed Growth	0.05%
Sector-specific
Australian Shares	0.42%
International Shares	0.43%
Infrastructure	0.10%
Property	0.46%
Diversified Bonds	0.48%
Cash and Term Deposits	0.04%

Investment option — Income account	Investment fees and costs p.a.^
Pre-mixed
Diversified	0.77%
High Growth	0.93%
Balanced	0.63%
Defensive	0.64%
Indexed Growth	0.05%
Retire Plus	0.74%
Sector-specific
Australian Shares	0.42%
International Shares	0.43%
Infrastructure	0.10%
Property	0.46%
Diversified Bonds	0.48%
Cash and Term Deposits	0.04%

Transaction costs

Investment option — Accumulation and TTR accounts	Transaction costs p.a.
Pre-mixed
Diversified (MySuper)	0.05%
High Growth	0.05%
Balanced	0.04%
Defensive	0.02%
Indexed Growth	0.01%
Sector-specific
Australian Shares	0.08%
International Shares	0.05%
Infrastructure	0.04%
Property	0.09%
Diversified Bonds	0.00%
Cash and Term Deposits	0.00%

Investment option — Income account	Transaction costs p.a.
Pre-mixed
Diversified	0.05%
High Growth	0.05%
Balanced	0.04%
Defensive	0.02%
Indexed Growth	0.01%
Retire Plus	0.04%
Sector-specific
Australian Shares	0.08%
International Shares	0.05%
Infrastructure	0.04%
Property	0.09%
Diversified Bonds	0.00%
Cash and Term Deposits	0.00%

What it could look like for you

Accumulation account example — Diversified (MySuper) option

Fees and costs	Amount	Impact on $50,000 balance
Administration fees and costs	$65 p.a. ($1.25 per week) PLUS 0.10% p.a. of your account balance.	For every $50,000 you have in Diversified (MySuper), you will be charged or have deducted from your investment $50 in administration fees and costs, plus $65 regardless of your balance.
PLUS Investment fees and costs^‡	0.80% p.a.	And, you will be charged or have deducted from your investment $400 in investment fees and costs.
PLUS Transaction costs^‡	0.05% p.a.	And, you will be charged or have deducted from your investment $25 in transaction costs.
EQUALS Cost of Diversified (MySuper) option		If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $540 for the Diversified (MySuper) option.

Transition to retirement account example — Diversified option

Fees and costs	Amount	Impact on $50,000 balance
Administration fees and costs	$65 p.a. ($1.25 per week) PLUS 0.10% p.a. of your account balance.	For every $50,000 you have in Diversified, you will be charged or have deducted from your investment $50 in administration fees and costs, plus $65 regardless of your balance.
PLUS Investment fees and costs^‡	0.80% p.a.	And, you will be charged or have deducted from your investment $400 in investment fees and costs.
PLUS Transaction costs^‡	0.05% p.a.	And, you will be charged or have deducted from your investment $25 in transaction costs.
EQUALS Cost of Diversified option		If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $540 for the Diversified option.

Income account example — Diversified option

Fees and costs	Amount	Impact on $50,000 balance
Administration fees and costs	$65 p.a. ($1.25 per week) PLUS 0.10% p.a. of your account balance.	For every $50,000 you have in Diversified, you will be charged or have deducted from your investment $50 in administration fees and costs, plus $65 regardless of your balance.
PLUS Investment fees and costs^‡	0.77% p.a.	And, you will be charged or have deducted from your investment $385 in investment fees and costs.
PLUS Transaction costs^‡	0.05% p.a.	And, you will be charged or have deducted from your investment $25 in transaction costs.
EQUALS Cost of Diversified option		If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $525 for the Diversified option.

NGS Self-Managed Direct Investment Option (DIO)

As well as the administration fee applicable to all NGS Super accounts, members who invest in the NGS Self-Managed DIO are subject to the following fees:

Self-Managed DIO fees

Type of fee	Amount	How and when paid
DIO Administration fee This fee applies only to members who have investments in the NGS Self-Managed DIO.	$4.75 per week	Calculated daily and deducted on a monthly basis from your NGS Accumulation or Income account balance invested in pre-mixed and/or sector-specific options.
Brokerage fee This fee applies only to members who trade shares and exchange traded funds (ETFs) in NGS Self-Managed DIO.	0.10% with a minimum fee of $20 (excludes GST).	This fee is applied for each trade (buy or sell) for shares and ETFs and is deducted from the cash hub at the time of the trade.
Exchange traded fund fees This fee applies only to members who have exchange traded funds (ETFs) in the NGS Self-Managed DIO.	A percentage fee ranging from 0.03% p.a. to 0.68% p.a.	Deducted from the value of securities in the ETF. It is not a direct charge to your account. The price quoted on the ASX reflects all fees and expenses incurred.
Manual transaction fee	$25 plus GST	Calculated when a manual transaction occurs and deducted from your cash hub.
Term deposit break fee The cost of breaking your term deposit contract before the maturity date.	The term deposit provider will generally charge a break fee (or retain interest) from the term deposit interest earned to date.	Refer to the Product Disclosure Statement (PDS) from the provider for further details on break fees. This is available via *Member Online*.

Cost of product for one year

The cost of product calculation is a summary of how ongoing annual fees and costs can affect your super investment over a 1-year period. You can view the calculated figure for each of our super products and individual investment options. The cost of product is calculated in the manner shown in the examples of annual fees and costs (further above).

The calculation assumes a balance of $50,000 at the beginning of the year. Additional fees such as a buy-sell spread may apply — refer to the Summary of fees and costs for more detail.

You should use these figure to help compare superannuation products and investment options.

Cost of product for each investment option

Accumulation and TTR accounts	Cost of product
Pre-mixed
Diversified (MySuper)	$540
High Growth	$605
Balanced	$450
Defensive	$445
Indexed Growth	$145
Sector-specific
Australian Shares	$365
International Shares	$355
Infrastructure	$185
Property	$390
Diversified Bonds	$355
Cash and Term Deposits	$135

Income account	Cost of product
Pre-mixed
Diversified	$525
High Growth	$605
Balanced	$450
Defensive	$445
Indexed Growth	$145
Retire Plus	$505
Sector-specific
Australian Shares	$365
International Shares	$355
Infrastructure	$185
Property	$390
Diversified Bonds	$355
Cash and Term Deposits	$135

Performance fees

Some of our investment managers may be entitled to receive performance fees (in addition to base fees) if they generate strong investment returns above an agreed benchmark. Where applicable, performance fees are paid on the percentage of the performance above the agreed benchmark, and will result in higher investment fees and costs.

Performance fees are included in the investment fees and costs (see above), where applicable.

In summary, government regulations require that we disclose performance fees calculated on the basis of accrued performance fees averaged over the previous 5 financial years.

The average performance fees are shown in the tables below. The amount of performance fees paid by us in each year will change depending on the level of performance the relevant managers generate. The actual amount of performance fees that you will incur in the current and subsequent financial year(s) depends on the investment option(s) you are invested in and the amount of performance fees accrued in relation to the investment option(s) from year to year.

Performance fees for each investment option

Accumulation and TTR accounts	Performance fees p.a.
Pre-mixed
Diversified (MySuper)	0.07%
High Growth	0.10%
Balanced	0.05%
Defensive	0.05%
Indexed Growth	0.00%
Sector-specific
Australian Shares	0.05%
International Shares	0.02%
Infrastructure	0.00%
Property	0.00%
Diversified Bonds	0.01%
Cash and Term Deposits	0.00%

Income account	Performance fees p.a.
Pre-mixed
Diversified	0.07%
High Growth	0.10%
Balanced	0.05%
Defensive	0.05%
Indexed Growth	0.00%
Retire Plus	0.06%
Sector-specific
Australian Shares	0.05%
International Shares	0.02%
Infrastructure	0.00%
Property	0.00%
Diversified Bonds	0.01%
Cash and Term Deposits	0.00%

Fees shown include GST (unless stated otherwise) and stamp duty if applicable.

In order to meet our regulatory requirements under RG97.414 we are required to provide the following information:
The Fund reports fees and costs to assist members and potential members to compare products. These numbers must be calculated and reported in alignment with ASIC’s Regulatory Guide 97: Disclosing fees and costs in PDSs and periodic statements (September 2020).
In compliance with that guide, the fund has documented procedures for making reasonable estimates. Where reasonable estimates are used, the fund has taken reasonable steps to obtain what we believe is the best estimate of the relevant amount of fees and costs. Some of the information that we may use when making reasonable estimates of fees and costs include:
- the use of year-to-date costs for a particular investment and averaging of those costs where current information is unavailable and it is reasonable to use an average;
- the use of reasonable estimates of funds under management for particular asset classes within a product. One way these estimates are used is for apportioning flat-dollar costs equitably over time;
- we use estimates derived from similar investments where data is unavailable or has not yet been created (which can be the case for costs relating to new investments or investment transactions which are about to occur).
- where there is uncertainty around the full year costs relating to administration, a reasonable estimate is made based upon budgeted income and expenditure factoring actual experience for the period to date.

Fees and costs