Over the life of your investment, the fees you're paying can make a significant difference to your account balance later on. As an Industry SuperFund, we're run only to benefit our members - we keep our fees low so you get the most from your super.

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Fees

Your total fees will be dependent on factors including your account balance, whether or not you have insurance, and the investment options you hold. Details of the fees that may be applicable to you are outlined below.

 

General fees

Type of fee Amount How and when paid
Establishment fee
The fee charged upon the establishment of a new account
Nil N/A
Administration fee1
Covers the administrative costs relating to the operation of a super entity
$1.25 per week

PLUS 0.10% p.a. of your account balance, capped at $500 p.a.
Deducted from your account balance weekly

Deducted weekly before the unit price is determined. It is not a direct charge to your account
Contribution fee
The fee on each amount contributed to your investment, either by you or your employer
Nil N/A
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
Insurance premiums
The cost of your insurance cover (if applicable)
Varies according to your type and level of insurance cover(s) (if any) Deducted from your account weekly in arrears
Withdrawal fee
The cost of withdrawing an amount from your account
Nil N/A
Exit fee
The cost of closing your account
Nil N/A


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 fact sheet.

Activity fees

Activity fee Amount How and when paid
Family law – Application for information
The cost of a request for information in the format specified under the Family Law Act
$40 Payable by the person making the request for information at the time a request is made
Family law – Splitting a benefit
The cost of a implementing a family law splitting order
$100 Split between both parties, deducted at the time of the split
Contribution splitting
To cover the cost of splitting a contribution with an eligible spouse
Nil N/A


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 fact sheet.

 

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

1Read our Fees, costs and tax fact sheet for further detail.

Costs

Some costs are incurred before an amount reaches your account balance and are therefore described as 'indirect costs'. Further details on the costs that may affect your account are set out below.

Investment fees and Indirect costs

The following tables provide further information on the breakdown of the investment fees and indirect costs for the MySuper product and each investment option. This is an estimate of these fees and costs for the 2019/20 financial year.

 

Investment fees and Indirect costs - Accumulation and TTR

Investment Fees1
Indirect costs1
Investment option –
Accumulation and TTR accounts
Investment fees
Management
Fees
Performance
Fees
Total
investment
fees3
Pre-mixed
Diversified (MySuper) 0.58% 0.16% 0.74%
High Growth 0.59% 0.16% 0.75%
Balanced 0.49% 0.12% 0.61%
Defensive 0.46% 0.11% 0.57%
Socially Responsible Diversified 0.57% 0.11% 0.68%
Indexed Growth 0.07% 0.07%
Shares Plus 0.59% 0.09% 0.68%
Sector specific
Australian Shares 0.48% 0.02% 0.50%
International Shares 0.57% 0.57%
Infrastructure 0.70% 0.84% 1.53%
Property 0.56% 0.56%
Diversified Bonds 0.34% 0.01% 0.35%
Cash and Term Deposits 0.05% 0.05%

Additional fees may apply.

2The indirect cost ratios are estimates for 2019/20 based on 2018/19 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.
3 There may be a slight variance in the totals due to rounding.

Investment option –
Accumulation and TTR accounts
Indirect costs2
Transactional
and operational
costs
Borrowing
Costs
Total
indirect costs3
Property Operating
Costs (not included
in Total costs)
Pre-mixed
Diversified (MySuper) 0.21% 0.05% 0.26% 0.12%
High Growth 0.18% 0.04% 0.22% 0.11%
Balanced 0.17% 0.05% 0.22% 0.12%
Defensive 0.19% 0.07% 0.26% 0.19%
Socially Responsible Diversified 0.20% 0.07% 0.27% 0.18%
Indexed Growth 0.01% 0.01%
Shares Plus 0.09% 0.09%
Sector specific
Australian Shares 0.09% 0.09%
International Shares 0.05% 0.05%
Infrastructure 0.42% 0.05% 0.47%
Property 0.30% 0.34% 0.64% 1.02%
Diversified Bonds 0.16% 0.16%
Cash and Term Deposits

Additional fees may apply.

2The indirect cost ratios are estimates for 2019/20 based on 2018/19 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.
3 There may be a slight variance in the totals due to rounding.

Investment fees and Indirect costs - Income Account

Investment Fees1
Indirect costs1
Investment option –
Income account
Investment fees
Management
Fees
Performance
Fees
Total
investment
fees2
Pre-mixed
Moderate Growth 0.53% 0.10% 0.63%
Diversified 0.60% 0.16% 0.76%
High Growth 0.63% 0.15% 0.78%
Balanced 0.50% 0.12% 0.62%
Defensive 0.47% 0.10% 0.57%
Socially Responsible Diversified 0.60% 0.10% 0.70%
Indexed Growth 0.07% 0.07%
Retire Plus 0.60% 0.22% 0.82%
Shares Plus 0.63% 0.08% 0.71%
Sector specific
Australian Shares 0.56% 0.56%
International Shares 0.56% 0.56%
Infrastructure 0.70% 0.84% 1.53%
Property 0.57% 0.57%
Diversified Bonds 0.34% 0.01% 0.35%
Cash and Term Deposits 0.05% 0.05%
Investment option –
Income account
Indirect costs2
Transactional
and operational
costs
Borrowing
Costs
Total
indirect costs3
Property Operating
Costs (not included
in Total costs)
Pre-mixed
Moderate Growth 0.17% 0.05% 0.22% 0.12%
Diversified 0.20% 0.05% 0.25% 0.12%
High Growth 0.17% 0.04% 0.21% 0.11%
Balanced 0.17% 0.05% 0.22% 0.12%
Defensive 0.19% 0.07% 0.26% 0.19%
Socially Responsible Diversified 0.19% 0.07% 0.26% 0.18%
Indexed Growth 0.01% 0.01%
Retire Plus 0.27% 0.10% 0.37% 0.26%
Shares Plus 0.07% 0.07%
Sector specific
Australian Shares 0.07% 0.07%
International Shares 0.05% 0.05%
Infrastructure 0.42% 0.05% 0.47%
Property 0.30% 0.34% 0.64% 1.02%
Diversified Bonds 0.16% 0.16%
Cash and Term Deposits

2The indirect cost ratios are estimates for 2019/20 based on 2018/19 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.

3 There may be a slight variance in the totals due to rounding.

What it could look like for you

The following tables provide examples of what your annual fees could look like over one year if you had a balance of $50,000 invested in our default investment option.

 

EXAMPLE – Accumulation account – Diversified (MySuper) option

EXAMPLE – Accumulation account – Diversified (MySuper) option Balance of $50,000
Investment fees2 0.74% For every $50,000 you have in the Diversified (MySuper) option, you will be charged $370 each year.
PLUS Administration fees $65
($1.25 per week)

PLUS 0.10% p.a. of your account balance, capped at $500 p.a.
And, you will be charged $65 in administration fees regardless of your balance.


PLUS $50 each year.
PLUS Indirect costs² for the Diversified (MySuper) investment option 0.26% p.a. And, Indirect costs of $130 each year will be deducted from your investment.
EQUALS Cost of Diversified (MySuper) option   If your balance was $50,000, then for that year you will be charged fees of $615 for the Diversified (MySuper) option.


Note: Additional fees may apply. See our fact sheet Fees, costs and tax for more information. This example assumes no insurance. If insurance cover is taken, insurance fees (premiums) will apply. For more information, refer to the Insurance Guide.

EXAMPLE – Income Account - Moderate Growth option

EXAMPLE - Income account - Moderate Growth option Balance of $50,000
Investment fees2 0.63% For every $50,000 you have in Diversified (MySuper), you will be charged $315 each year.
PLUS Administration fees $65
($1.25 per week)

PLUS 0.10% p.a. of your account balance, capped at $500 p.a.
And, you will be charged $65 in administration fees regardless of your balance.


PLUS $50 each year.
PLUS Indirect costs² for the Moderate Growth investment option 0.22% p.a. And, Indirect costs of $110 each year will be deducted from your investment.
EQUALS Cost of Moderate Growth option   If your balance was $50,000, then for that year you will be charged fees of $540 for the Moderate Growth option.


Note: Additional fees may apply. See our fact sheet Fees, costs and tax for more information.

NGS Self-Managed Direct Investment Option (DIO)

As well as the administration fee applicable to all NGS Super accounts, members who hold an 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
Applicable to all members invested in the NGS Self-Managed DIO
$4.75 per week Calculated daily and deducted on a monthly basis
Brokerage fee (excludes GST)
Applicable to members who trade shares and exchange traded funds (ETFs) in NGS Self-Managed DIO
0.10% per trade
A minimum fee of $20 per trade applies
Applied for each trade (buy or sell) for shares and exchange traded funds and is deducted from the cash hub at the time of the trade
Exchange traded fund fees
Applicable to member who have exchange traded funds (ETFs) in NGS Self-Managed DIO
A percentage fee may apply Deducted from the value of securities in the ETF. This 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 it’s previously agreed-upon 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 your Member Online account.


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 fact sheet.

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