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Fees

Virgin Super says a big fat NO to unnecessary and complex fees that eat away at your savings.

  • Easy to understand fee structure
  • No commissions
  • No joining fee
  • No withdrawal fee
  • No contribution fee
  • No exit fees

Virgin Super Essentials Fee Breakdown

Admin Fee
The Admin Fee is designed to cover the cost that we incur in managing the Fund and managing your account. It is charged monthly in arrears. It consists of a fixed dollar Member Fee of $1.50 per week.

Plus a percentage based fee of 0.50% p.a, based on your super balance.
Investment Management Fee
This covers the ongoing cost associated with managing your investment and is a percentage based fee that is applied to your super balance. It is charged monthly in arrears. This is charged at 0.30% per annum based on your super balance.
Activity Fees
Overseas Transfer Fee $275 per pension transfer request
Family Law Benefit Split Fees
  • Request for Information: $110 per request
  • $88 per Benefit Split
Switching Nil
Buy/Sell Spreads Between 0% to 0.25%
Advice fees N/A
Other Fees and Costs Activity Fees may apply. Please see Member Guide for full details.
Indirect Cost Ratio1
Deducted quarterly from the assets of the Fund and reflected in the unit price, for the Fund's Reserves requirements. Refer to the Member Guide for more information. 0.15% of your account premium.

The fees above apply from 1st July 2014. Here you’ll find the official SIS Act definitions for each fee type.
1 Fee based on 2014 - 2015 Financial Year.

While there are no contribution, withdrawal or switching fees, a buy/sell spread applies at a fund level when purchasing and selling units. Other fees and costs may apply such as insurance fees. These are retained by the fund and are not paid to Virgin Money or the Trustee. All fees are inclusive of Goods and Services Tax (GST) and net of Reduced Input Tax Credits (RITC).

For further information about fees, please read the Virgin Super Product Disclosure Statement and Member Guide.

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It is very important to note that superannuation is a generally long term investment and that past performance is not indicative of future performance.

 

* Automatic Death & TPD cover for Australian residents aged 15-64 with our default insurance offering. Conditions and Exclusions (such as pre-existing medical conditions) apply. See the Virgin Super Insurance Guide for more information.

 

^ The Virgin Super Plus Administration Fee rate percentage is tiered and decreases for balances greater than $25,000 and $250,000. Other fees & costs apply, see the Product Disclosure Statement for further information.

 

+ SuperRatings award reflects a funds' value for money, and is awarded based on a rating system of investment, fees and service. SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria.

 

This information is of a general nature only and does not take into account your personal financial situation, needs or objectives. As we don’t know your financial needs we can’t advise if Virgin Super will suit you. Please consider the Product Disclosure Statement and Financial Services Guide before making a decision about the product.

 

Prepared by Virgin Money Financial Services Pty Ltd ABN 51 113 285 395, AFSL 286869. Diversa Trustees Limited ABN 49 006 421 638, AFSL 235153 is Trustee for Virgin Superannuation ABN 88 436 608 094. Virgin Superannuation ABN 88 436 608 094.