In March 2018 Good Super announced a series of new investment options to provide with its members to support a greater range of causes that matter to them. For more information on how your money is invested please click the learn more button below.
The following table shows the fees and other costs you may be charged for investing in the Good Super investment options. The fees and costs may be deducted from your account or from investment returns regardless if there are positive investment returns on the funds. Please note that fees may vary between members. More detailed information about the Good Super Fund can be found in the Product Disclosure Statement and Reference Guide.
|Type of fee or cost||Example: The Good Super Investment Option||Example: Balance of $50,000|
|Investment fee||0.20%||For every $50,000 you have in the Good Super Investment Option you will be charged $100 each year.|
|PLUS Administration fees||$1.50 per week plus 1.40%||And you will be charged $778 in administration fees each year.|
|PLUS Indirect costs for the Good Super Investment Option||Nil||And, indirect costs of $0 each year will be deducted from your investment.|
|EQUALS Cost of product||If your balance was $50,000, then for that year you will be charged fees of $878 for the Balanced Option.|
You may also incur a buy-sell spread cost when your money moves in or out of the Fund or when you switch between different investment options. And if you leave the Fund, you will also be charged an exit fee of $50.00. Insurance Premiums may also apply.
Good Super provides automatic Life Insurance, Total and Permanent Disablement and Income Protection insurance cover (if you are employed) for Australian Resident members between the ages of 16 and 64, subject to conditions and exclusions, including a three year Pre-existing Condition Exclusion. Insurance cover commences immediately upon becoming a member of Good Super as long as you have sufficient funds to pay for your insurance premiums within 4 months of account opening. Additional fees will apply. Members can opt out of insurance after joining Good Super.
All trustees of superannuation funds have a legal responsibility to make certain documents and disclosures available. Click learn more for information about our Trust Deed, Annual Reports, Significant Event Notices, key outsourced relationships and more.