As an industry fund keeping fees low is important to us.

Over the life of your investment, low fees can make tens of thousands of dollars difference to the money you have later on. As your industry super fund we keep fees low and are run only to benefit members and do not pay profits to shareholders. Find out more about the average Industry SuperFund compared to the average retail super fund.
Fees when your money moves into or out of the Fund
Service fees
Family law fees

It’s free to open an NGS Super account and to make contributions. Take a look at our low fees in the table below.

Fee / Cost Type Amount How and when paid
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.
Nil Not applicable.
Exit fee.
The fee to close your investment.
Nil Not applicable.

Switch fees

  Amount How and When Paid
Switching fee Nil Not applicable.
 

NGS Self-Managed - trading fees

  Amount How and When Paid
Investment Gateway access fee
This fee applies only to members who have investments in NGS Self-Managed.
$4.75 per week. Calculated daily and deducted on a monthly basis from your pre-mixed or sector-specific options. This fee will be charged separately for each Accumulation, Transition to Retirement or Income account you hold which you then use to access the NGS Self-Managed investments.
Brokerage fee
This fee applies only to members who
trade shares and exchange traded
funds (ETFs) in NGS Self-Managed.
0.10% with a minimum fee of $20 (excludes GST). This fee is 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
This fee applies only to members who have exchange traded funds (ETFs) in NGS Self-Managed
Percentage fee ranging from 0.04% p.a. to 0.69% 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.

Family Law fees
Application for information
(in the format specified under
the Family Law Act)
$40 Payable to NGS Super by the person making the request for information at the time a request is made.
Splitting a benefit
(different to contribution splitting)
$100 Deducted from a member's account at the time of the split.
Flagging a benefit Nil Not applicable.

Management costs

Investment management fees

The investment management fees shown in the table below should be treated as an estimate and include costs payable to investment managers, asset consultants and custodians. The investment management fee may vary depending upon factors such as the mix of investment managers used within the various investment options.

Performance fees are paid to some investment managers when performance exceeds a predetermined objective. Performance fees payable in the future cannot be predicted and are not included in the table. If all managers who could earn a performance-based fee were to meet their performance objective, the investment management fee would increase by an amount of 0.01%. If the performance fee is incurred, that means that an investment manager has delivered performance that more than compensates for the fee increase.

The following table provides the breakdown of the Indirect costs for each investment option. This is an estimate of the Indirect costs for 2019/20 based on the actual costs for 2018/19.¹

Accumulation and TTR
Income account

Breakdown of Indirect costs

 
Investment option –
Income account
Investment fees Indirect costs1
Management
Fees
Performance
Fees
Total
investment
fees2
Transactional
and operational
costs
Borrowing
Costs
Total
indirect costs2
Property Operating
Costs (not included
in Total costs)
Diversified (MySuper) 0.58% 0.16% 0.74% 0.21% 0.05% 0.26% 0.12%
High Growth 0.59% 0.16% 0.75% 0.18% 0.04% 0.22% 0.11%
Balanced 0.49% 0.12% 0.61% 0.17% 0.05% 0.22% 0.12%
Defensive 0.46% 0.11% 0.57% 0.19% 0.07% 0.26% 0.19%
Socially Responsible Diversified 0.57% 0.11% 0.68% 0.20% 0.07% 0.27% 0.18%
Indexed Growth 0.07% 0.07% 0.01% 0.01%
Shares Plus 0.59% 0.09% 0.68% 0.09% 0.09%
               
Australian Shares 0.48% 0.02% 0.50% 0.09% 0.09%
International Shares 0.57% 0.57% 0.05% 0.05%
Infrastructure 0.70% 0.84% 1.53% 0.42% 0.05% 0.47%
Property 0.56% 0.56% 0.30% 0.34% 0.64% 1.02%
Diversified Bonds 0.34% 0.01% 0.35% 0.16% 0.16%
Cash and Term Deposits 0.05% 0.05%

Additional fees may apply.

1The indirect cost ratios are estimates for 2019/20 based on 2018/19 costs. Past costs are not a reliable indicator of future costs. Acutal costs will vary from year to year and will be shown in that year’s Annual Report.
2 There may be a slight variance in the totals due to rounding.

Breakdown of Indirect costs

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

Additional fees may apply.

1The indirect cost ratios are estimates for 2019/20 based on 2018/19 costs. Past costs are not a reliable indicator of future costs. Acutal costs will vary from year to year and will be shown in that year’s Annual Report.
2 There may be a slight variance in the totals due to rounding.

Example of annual fees and costs for the Diversified (MySuper) Investment Option

The table below gives an example of how the fees and costs in the Diversified (MySuper) investment option for the Accumulation account can affect your super investment over a one-year period. You should use this table to compare NGS Super with other super products.

EXAMPLE – the Diversified (MySuper) investment option
Accumulation and Transition to retirement accounts option
Balance of $50,000
Investment fees 0.74% For every $50,000 you have in Diversified (MySuper), 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 costs³ 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) account   If your balance was $50,000, then for that year you will be charged fees of $615 for the Diversified (MySuper) Account.


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.

³ Investment fees and indirect costs shown in these examples are estimated fees for the 2019/20 financial year - actual fees will vary from year to year and will be shown in that year's Annual Report.

* 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.

Fees and GST

Fee increases and alterations

The Trustee has the right to increase fees at any time. Reasons might include changes in economic conditions or government regulations, increases charged by suppliers or a substantial reduction in the size of the Fund. If the Trustee increases any of the fees that are deducted directly from your account, you will receive at least 30 days notice of any increase in fees. The fees and expenses relating to investment reflect costs paid by the Fund to external providers and may change from time to time. These changes will always be advised in the Annual Trustee Report.
 

Negotiated fees

NGS Super is an industry super fund and operates on a profit for members only basis. The Fund fees are non-negotiable.
 

GST

Fees and costs shown in the “Fees and Charges” section of the Product Disclosure Statement (PDS) include GST and stamp duty if applicable.
 

Income tax and its effect on fees

Tax is payable on investment earnings of the fund at a maximum rate of 15%. However as the fund is allowed a tax deduction in respect of certain fees and costs the rate of tax actually payable by the fund may be less than 15%. The benefit of any income tax deductions is passed on to members indirectly when the Trustee determines unit prices. Tax is not payable on earnings in the Income account.

From 1 July 2017, the tax exemption on Transition to retirement accounts was removed and earnings are now concessionally taxed at 15%, the same rate that applies to the Accumulation account.

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