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Superannuation fees and costs

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At Rest our fees are much lower than most super funds, thanks to the scale of our 1.7 million members. And because we’re not paying shareholders, our profits go back to members.

Fees up to 30% lower than the super industry average

See how our fees compare

Our fees are up to 30% lower than the super industry average*. See how they compare.

*Source: SuperRatings SMART Fee Report, April 2020. Rest’s Core Strategy, in the Rest Super product, is compared to the default investment option of superannuation funds tracked by SuperRatings. Fees are subject to change. Tax, other fees and costs may apply.

Select a super balance

Low fees means more money in your super

Rest’s fees continue to be much lower than most super funds, thanks to the scale of our 1.7 million members, and because instead of paying shareholders our profits go back to members. For great value super, choose Rest!

*Source: SuperRatings SMART Fee Report, April 2020. Rest’s Core Strategy, in the Rest Super product, is compared to the default investment option of superannuation funds tracked by SuperRatings. Fees are subject to change. Tax, other fees and costs may apply.

Annual fees (admin and investment) on $5,000 balance*

  Rest low-fees - $5,000 balance Rest low-fees - $10,000 balance Rest low-fees - $25,000 balance Rest low-fees - $50,000 balance Rest low-fees - $100,000 balance Rest low-fees - $250,000 balance

How your fees might look

 
If you’re in the Core Strategy (and you’d be in pretty good company as most of our members are in this investment option), and have a balance of $50,000, your annual fees will look like this.

 

And if your account balance is less than $6,000, the amount of administration fees, investment fees and indirect costs that you’ll pay each year is capped at 3% of your account balance for the year (or the period until you left).
     
Investment fee 0.55% of your balance per annum including a performance related fee of 0.03% $275
Plus administration fee $1.50 per week, plus 0.12% pa of your account balance at the end of month (0.12% pa component is capped at $300 pa) $78 regardless of your balance plus $60 per annum
Plus indirect cost ratio 0.06% per annum $30
Total   $443.00 per annum

What these fees cover

 
All super funds will charge you a fee for looking after your super. 
The total annual fee and costs cover the different components that keep your super working for you.

You’ll pay extra fees and costs for certain transactions and if you have extra things with your super.  Like if you have insurance or you need some complex financial advice that involves a fee.

Remember, when you’re thinking about brighter tomorrows, low fees are just one part of the package. Over your working life, it’s the combination of low fees and competitive investment returns that delivers the real goods.
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Administration fee

The administration fee covers things like collecting contributions from you and your employer, keeping records of your transactions, sending you an annual statement and being there when you need to talk to us through one of our service channels such as our call centre, Live Chat or Rest App.

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Investment fee

The investment fee is for the things we do to help your money grow. Our range of investment options have different fees depending on what’s involved in managing the money.

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Indirect cost ratio

The indirect cost covers the expenses of an investment. For example, stamp duty when buying property, or brokerage costs when buying or selling shares. It’s included when we calculate unit prices, so it’s not an extra fee that you pay. Again, different investment options have different indirect cost ratios.

Get to know your fees

 

If you’ve read this far, you’re obviously keen get to know your super better. And we couldn’t be happier because we really want you to know all about your super, and be in control of your super.

So here’s some more details you’ll need to know about the fees on your Rest account.

Investment fee

  • Estimated between 0.00% to 0.62% (depending your investment option) for the 12 months ending 30 June 2020.
  • Find the investment fee for each investment option here.

Administration fee

  • $1.50 per week plus 0.12% pa of your account balance at the end of the month (0.12% pa component is capped at $300 pa)
  • Deducted from your account at the end of each month

Insurance

Buy sell spread

  • The cost of money moving in and out of your account, like when you make contributions, or switch investment options
  • Buy spread range: up to 0.20% 
  • Sell spread range: Nil
  • Find the buy/sell spread for each investment option here

Switching fee

  • There is no cost for switching investment options, however there will be a buy spread when investing in an investment option

Exit fee

  • Nil

Advice fee

Simple personal advice about your Rest account from your Rest adviser is generally available at no extra cost.

Complex personal advice may incur an additional fee that is not payable from your Rest account. Speak with your Rest Adviser for more information about your personal advice and any fees that may be payable.

Indirect cost ratio

Transactional and operational costs, property operating costs and borrowing costs

  • These are not new or extra fees and costs, but form part of the investment fee or indirect cost ratio
  • You can learn more about these fees here