Australian Retirement Trust Fees and costs in your Super Savings Accumulation account
Depending on the particular trust and the services provided by the trustee, Fees, and Costs connected with only an Australian Retirement Trust might change. The following are some typical fees and charges associated with an Australian Retirement Trust:
Establishment Fees: This is a one-time payment for establishing the trust. The charge might be a Specific amount or a percentage of the funds placed in the trust.
Management Fees: This is a recurring fee, Often a percentage of the assets managed, That is paid for managing the trust’s assets.
Administration Fees: These charges may be included Trustees, Administrative fees, Accounting fees, and other trust administration costs.
Termination Fees: If the trust is ended or destroyed before a Specific date, This fee could be charged.
Taxation: Depending on the manner, and Position of the assets held in the trust, trusts may liable to Several types of taxes including income tax, Capital gains tax, and Stamp duty.
Accumulation account administration fees and costs
Members pay administration costs and fees of just $1.20 per week plus 0.10% p.a. for the first $800,000 of their account balance, plus 0.07% p.a. subtracted from general reserves.
For balances under $6,000, a Maximum 3%1 fee cap applies to all Australian Retirement Trust (ART) accounts, Including investment fees and costs, Administration fees and costs, and Transaction costs.
Australian Retirement Trust Fees and costs at a glance
| Type of fee or cost | Amount | How and when paid |
| Ongoing annual fees and costs 1 | ||
| Administration fees and costs | $1.20 per week, plus 0.10% p.a. of the first $800,000 of your account balance, plus 0.07% p.a. | Fees deducted from your account Dollar based administration fee of $1.20 is generally deducted from your account balance weekly. Not pro-rated for partial weeks. Percentage administration fee of 0.10% p.a. of the first $800,000 of your account balance is generally deducted from your account balance weekly. Pro-rated for partial weeks. Costs not deducted from your account 0.07% p.a. is not deducted from your account balance but is deducted from the Fund’s general reserve. |
| Investment fees and costs2 | For the Lifecycle Investment Strategy: 0.59% to 0.66% p.a. of your account balance For Super Savings’ other investment options: 0.07% to 2.01% p.a. of your account balance4 |
Deducted daily from the investment option as part of the calculation of unit prices |
| Transaction costs | For the Lifecycle Investment Strategy: 0.14% to 0.16% p.a. of your account balance For Super Savings’ other investment options: 0.00% to 0.38% p.a. of your account balance4 |
Deducted daily from the investment option as part of the calculation of unit prices |
| Member activity-related fees and costs | ||
| Buy-sell spread | Nil | Not applicable |
| Switching fee | Nil | Not applicable |
| Other fees and costs3 | Refer to the Additional explanation of fees and costs in the Super Savings Guide for details about other fees and costs that may apply to your account. | |
Official Website: www.australianretirementtrust.com.au
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