Over the life of your investment, the fees and costs you pay can make a significant difference to your super account balance and financial situation later on. As an Industry SuperFund, our competitive fees are just one of the many benefits we’re proud to provide to our members — we keep our costs low so you can get the most from your super.

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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*

Member activity-related fees and costs

Activity fees

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 fact sheet Fees, costs and tax.

Investment fees and costs and transaction costs

Investment fees and costs

Transaction costs

What it could look like for you

The examples below show how the ongoing annual fees and costs for our default investment options can affect your investment over a 1-year period. You should use these tables to compare our super products with others.

Accumulation account example — Diversified (MySuper) option

Income account example — Moderate Growth 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

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

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, except where an average over 5 years is not available.

Due to our merger with QIEC Super in May 2019, we have limited information on our investment option performance history. Therefore, our performance fees are averaged over the last 4 financial years to 30 June 2021. We expect to change this to a 5-year average following financial year end 2021/22.

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

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

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