Main fees and costs for the mobiSuper Balanced Investment Option
The table below provides a summary of the fees and costs for the mobiSuper Balanced investment option. The table can be used to compare the fees and costs of other superannuation products. These fees and costs may be deducted directly from your account balance or from the returns on your investment. Full details of all fees and costs are contained in the Reference Guide.
Unless stated otherwise, the fees and costs disclosed in this PDS include the Goods and Services Tax (GST)
|TYPE OF FEE*||AMOUNT||HOW AND WHEN PAID|
|Investment Fee||0.024%||Deducted from the assets of the fund before the unit pricing is calculated.|
|Administration Fee||Member fee - $93.60 pa ($1.80 per week)
Plus 1.50% per annum
|The weekly administration fee component is deducted monthly from your account balance. The other administration fee component is deducted from the assets of the Fund before unit prices are calculated.|
|Buy-Sell spread||0.146% / 0.146%||Deducted on a transactional basis every time units in an investment option are bought and sold and is reflected in the unit price.|
|Switching fee||Nil||Not Applicable|
|Exit Fee||$90||Deducted from your account on each withdrawal from the Fund|
|Advice fees relating to all members investing in mobiSuper Balanced Fund****||Nil||Not Applicable|
|Other fees and costs**||The amount payable will depend on each member's personal circumstances.||Please refer to the 'Additional Explanation of Fees and Costs in the Reference Guide available on our website - www.mobisuper.com.au|
|Indirect cost ratio***||Nil||Deducted from the underlying assets of your investment and reflected in the unit price of your chosen investment option(s).|
* See 'Defined fees' on page 4 of the PDS.
** Activity fees may also apply (i.e. insurance administration fees, activity fees and fees that you have consented to the Trustee deducting from your account). See the section "Additional Explanation of Fees and Costs" in the Reference Guide available on our website - www.mobisuper.com.au for a detailed explanation
*** The indirect cost ratio (ICR) shown above is indicative only. The actual amount you will be charged in subsequent financial years is not currently known and could be different. See the section "Additional Explanation of Fees and Costs" in the Reference Guide available on our website - www.mobisuper.com.au for a detailed explanation
**** With the exception of personal advice. See the section "Additional Explanation of Fees and Costs" in the Reference Guide available on our website - www.mobisuper.com.au for a detailed explanation
For further information please read the Product Disclosure Statement, Reference Guide and Insurance Guide.