How your fees might look like
Water Corporation MySuper is the default investment option for the Water Corporation Superannuation Plan. It takes a lifestages approach, automatically applying different levels of risk to your investments, dependent on your age.
To demonstrate we’ve used the Water Corporation MySuper 1970s option in the fee table below.
| Water Corporation MySuper 1970s option |
|
Balances of $50,000 |
| Administration fee and costs |
$36 pa ($0.70 per week)
+ 0.00% pa
+ 0.015% pa
+ 0.049% pa
|
|
You will be charged $36 pa regardless of your balance.
Plus, for every $50,000 of your account balance you will be charged $0 in administration fees (up to a maximum of $0).
Plus, for every $50,000 you will be charged a trustee fee of $7.50 and $24.50 will be paid from super fund assets (this is not deducted from your account).
|
| Plus, Investment fees and costs |
0.57% pa |
|
And, you will be charged or have deducted from your investment $285 pa in investment fees and costs. |
| Plus, Transaction costs |
0.05% pa |
|
And, you will be charged or have deducted from your investment $25 pa in transaction costs. |
| Equals, Cost of product |
$378 |
|
If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $378(i)(ii) for the super product. |
i) Additional member activity related fees may apply, such as the transaction cost allowance, advice fees for personal advice, or insurance fees. Refer to the fees and costs section of the member guide for more information.
(ii) You may receive a tax deduction on your Superannuation fees and costs. For details refer to the tax section of the PDS or member guide.
Other investment options are also available in Water Corporation Superannuation Plan. For more information on the available investment options and associated fees refer to the Investment Guide.
To find the fees and performance that apply to your existing Water Corporation Superannuation Plan, login to My AMP.
If you were born in another decade and want to check those investment fees and costs and transaction costs, you’ll find them in the table below.
| Water Corporation MySuper investment option |
Estimated investment fees and costs(i) |
|
|
|
| |
Investment fee |
Performance fees(ii) |
Other investment costs |
Transaction costs(i) |
Cost of product for 1 year(iii)(v) |
Transaction cost allowance(v) |
| |
% pa |
% pa |
% pa |
% pa |
$ |
% +/- |
| Water Corporation MySuper 1990s Plus |
0.36 |
0.12 |
0.08 |
0.05 |
373 |
0–0.18 |
| Water Corporation MySuper 1980s Plus |
0.36 |
0.12 |
0.08 |
0.05 |
373 |
0–0.18 |
| Water Corporation MySuper 1970s Plus |
0.36 |
0.13 |
0.08 |
0.05 |
378 |
0–0.18 |
| Water Corporation MySuper 1960s Plus |
0.36 |
0.10 |
0.07 |
0.05 |
358 |
0–0.20 |
| Water Corporation MySuper 1950s Plus |
0.36 |
0.03 |
0.03 |
0.05 |
303 |
0–0.19 |
| Water Corporation MySuper Capital Stable |
0.36 |
0.03 |
0.03 |
0.05 |
303 |
0–0.20 |
(i) These amounts include estimates of costs deducted from underlying investments. Costs are variable and may be more or less than the amounts shown. Refer to the fees and costs section of the PDS or member guide for more information.
(ii) These amounts are not an indication of future performance and should not be relied on as such. If the investment performance of a particular asset class is better than the set benchmark the performance fees could be much higher. Refer to the fees and costs section of the member guide for more information including how performance fees are calculated.
(iii) You may receive a tax deduction on your Superannuation fees and costs. For details refer to the tax section of the PDS or member guide.
(iv) The Cost of product assumes a balance of $50,000. In addition to the fees shown in the table it includes a member fee of $36 pa, an administration fee of 0.00% pa, a trustee fee of 0.015% pa plus an additional administration fee and costs of 0.049% pa paid from Super fund assets. Refer to the fees and costs section of the PDS or member guide for more information on these fees and costs and other member activity fees that may apply.
(v) The ranges shown here are based on the latest information available at the date of this document. The transaction cost allowance for an investment option can change at any time and may exceed the maximum amount shown. Refer to the fees and costs section of the PDS or member guide for more information.
