The estimated yearly fee applies to the Lifecycle investment option and is based on the current Product Disclosure Statement (PDS) and actual costs may vary. If you invest in an investment option other than Lifecycle, the yearly fee may differ.
The administration fee cap is considered in the calculation and applies to any portion of a balance over $300k, which reduces the administration fee from 0.33% pa to 0.05% pa.
The calculation doesn’t include any applicable insurance premiums, or buy/sell spreads that may apply to investment switches. It also assumes no contributions or withdrawals over the year.
The calculation doesn’t take into account your objectives, financial situation, taxation circumstances or needs. Before you act on any calculation, please consider your personal circumstances.