Print PageFees and taxes
Fees
We’ll deduct some money from your account to cover the cost of looking after and investing your money. Because we’re a profits-to-member fund, our fees are set to cover our costs only. We don’t pay dividends to shareholders or commissions to financial advisers. This means we return more to you through lower fees and charges.
Type of fee or cost |
Amount |
| Establishment, contribution and termination fees | Nil |
| Withdrawal fee | The first two withdrawals in a financial year are free. Ones after this are $22 each. |
| Administration fee | $1 per week ($52 pa) |
| Asset-based fee | For the 2011–12 financial year the estimated Asset-based fee is 0.14% of your account. |
| Asset-based trustee fee | For the 2011–12 financial year the estimated Asset-based trustee fee is 0.22% of your account. |
| Investment management fee | Depending on the investment options you’re invested in, for the 2011–12 financial year the estimated cost will range from 0.11% to 0.68% of your account. See the PDS for more information. |
| Investment switching fee | The first two switches in a financial year are free. Ones after this are $22 each. |
| Fees for financial advice | See the AUSCOAL Advice - Our fees page for details. |
Tax
Your super is taxed when you put money in, on your investment earnings and in some cases, when you take it out if you’re under age 60.
Tax on the money you put into super
Before-tax contributions, which include the compulsory 9% contributions your employer makes for you, are taxed at 15%.
Any after-tax contributions you make aren’t taxed when you put them into super as you have already paid tax on that money.
Did you know...
you may pay extra tax if:
- you contribute more than the contribution cap for each financial year
- you don’t give us your Tax File Number
Tax on your investment earnings
Investment earnings within your super are taxed at 15%.
Tax when you take your super out
If you’re under age 60 and you withdraw all or part of your super you may need to pay tax. For details about how withdrawals are taxed see the Withdrawal fees and tax page.
If you’re age 60 or over all your withdrawals are tax free.
Insurance premiums
If you have insurance with us, your premiums are also deducted from your account.
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