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
|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.|
|Overseas Transfer Fee||$275 per pension transfer request|
|Family Law Benefit Split Fees||
|Buy/Sell Spreads||Between 0% to 0.25%|
|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).