From 1 May 2021 we’ve lowered a number of MyNorth administration fees. This is part of our commitment to keep our products competitive while still providing the flexibility you need to manage your client’s changing investment needs. The lower fees make MyNorth one of Australia’s most competitive wrap offerings.
Choice admin fees are down by up to 22% for balances $250,000 & over. This can save a super client with $250k in this menu $200 in fees pa1.
MyNorth admin fees are capped at $2,400 per year for individual clients. This can save them $400 in fees per year.
MyNorth admin fees are capped at $3,300 per year for families. This can save families $500 in fees per year.
|Portfolio value ($)(i)||Core (% pa)||Select (% pa)||Choice Super & Pension (% pa)||Choice IDPS (% pa)|
|0 - 149,999||0.00||0.20||0.62
|150,000 - 249, 999||0.00||0.20||0.40||0.40|
|250,000 - 399,999||0.00||0.20||0.32||0.28|
|400,000 - 599,999||0.00||0.20||0.28||0.23|
|600,000 - 749,999||0.00||0.20||0.26||0.21|
(i) Includes all MyNorth Super, MyNorth Pension, MyNorth Investment, North Personal Super, North Personal Pension and North Investment accounts.
How MyNorth fees work
MyNorth’s simple fee structure with low $91 account fees2, and no extra administration fees, can help you build cost-effective client portfolios.
North. An investment in you
North invests in you, so you can invest in your clients.
1 This is an example only. A client may pay less in fees if they benefit from individual and/or family administration fee caps.
2 The account fee is per account held and is waived on non-commutable allocated pensions (NCAPs) and accounts that commenced a guarantee prior to 28 November 2020.
This page is provided by NMMT Limited ABN 42 058 835 573, AFSL 234653 (NMMT). It is for adviser use only. It contains general advice only and hasn’t taken any person’s specific needs or circumstances into account. A person should consider whether it is appropriate for them based on their own financial position, objectives and requirements and seek financial advice before making any financial decisions. Visit northonline.com.au to obtain the disclosure documents and target market determinations for MyNorth Super and Pension and MyNorth Investment. Past performance is no guarantee of future performance.
You can read the AMP Financial Services Guide online for more information, including the fees and benefits that AMP companies and their representatives may receive in relation to products and services provided. You can also ask us for a hardcopy by contacting us on 1800 667 841.
MyNorth is a trademark registered to NMMT. MyNorth Super and Pension is issued by N.M. Superannuation Pty Limited (ABN 31 008 428 322, AFSL 234654). MyNorth Investment is operated by NMMT. MyNorth Investment Guarantee is issued by National Mutual Funds Management Limited ABN 32 006 787 720, AFS Licence No. 234652. All information on this website is
subject to change without notice.