#1 fund for weathering market ups and downs3
SuperRatings' Pension of the Year three years in a row4
Two actions today may help you feel more in control of your financial future.
Fees and costs matter when it comes to your super and your future wealth. Simple, transparent and low fees from your super fund may impact how much money you retire with.
A Productivity Commission Inquiry report1 released in December 2018 highlighted an example that an increase of just 0.5% a year in fees may reduce the retirement balance of a typical worker (starting work today) by a projected 12% (or $100 000).
Your super is your future money, so know what fees you are paying and what you are paying for. Paying low fees now could mean more money for you later.
The more you know about your super, and whether you are on track, the more confident you may feel about your financial future.
One way we help members is simple disclosure of fees and costs. We make it simple for members to understand what you’re paying by disclosing all fees and costs in one place.
We are transparent about the fees and costs we charge. We show you the total fees and costs that apply to your account to help you understand exactly what you’re paying for.
Our fees and costs are also among the lowest of any super fund in Australia2, and we aim to keep it that way.
Higher fees may eat into your hard-earned retirement savings and mean less money for you to spend once you stop working. Choosing a super fund with low fees today may give you the confidence you will achieve financial security and reach your retirement goals in the future.
We also have an annual cap of $900 on administration fees, so more money can go towards your retirement savings.
1. Productivity Commission report, Superannuation: Assessing Efficiency and Competitiveness. No. 91, 21 December 2018, accessed 4 February 2020.
2. Chant West Super Fund Fee Survey, March 2019. The Chant West data is based on information provided by third parties that is believed to be accurate. Chant West does not issue, sell, guarantee, or underwrite this product. The findings are based on account balances of $25,000 and $50,000. Only administration and investment fees and costs are covered. Fees are gross of income tax. Go to chantwest.com.au for further information about the methodology used and Chant West’s Financial Services Guide. For the QSuper Investment options: Lifetime option Focus 1, Aggressive, Balanced, and Moderate.
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