Small differences in both investment performance, and fees and costs can have a substantial impact on your long-term returns.
When choosing a fund you should compare fees, every single one of them. Look at member fees, contribution fees, entry and exit fees, which can be substantial, plus ongoing management and investment expenses that can surprisingly add up. The HOSTPLUS member fee is a low, flat $1.50 a week. Like most super funds, investment expenses also apply.
HOSTPLUS fees and costs
| Type of fee or cost |
Charged to |
Amount |
How and when paid |
Establishment fee
Eg. A fee to open a super account. |
Member |
Nil |
Not applicable |
Contribution fee
Eg. A fee on each amount contributed to your super account. |
Employer / Member |
Nil |
Not applicable |
Withdrawal fee
Eg. A fee on each amount you take out of your super account. |
Member |
Nil |
Not applicable |
Termination fee
Eg. A fee to close your super account. |
Member |
Nil |
Not applicable |
Investment switching fee
Eg. A fee for changing between any of our 19 investment options. |
Member |
Nil |
Not applicable |
Member fee
Eg. A fee for managing and administrating your super account. |
Member |
$1.50 per week
($78.00 per year) |
The fee is calculated after tax, weekly, and deducted from your account annually. |
Family Law fees
1. Eg. Splitting your superannuation due to a splitting agreement or court order.
2. Eg. Superannuation enquiry from spouse or an authorised representative. |
Member
Enquiring person |
$60.00
$75.00 |
On receipt of a splitting agreement or court order. This amount is deducted from your account.
Charged to enquiring person at time of request. |
Investment costs or Indirect Cost Ratio (ICR)
Eg. Costs charged to our investment options by external investment managers. |
Member (indirectly deducted) |
Varies from
0.00% to 0.99%
depending on which option your super is invested in. |
The investment costs are deducted from gross investment earnings before earnings are declared. No transaction costs are deducted directly from your account. |
Dishonoured payment fees
Eg. If a cheque or direct debit is dishonoured |
Member |
$15.00 |
This fee will be deducted from your account. |
| Insurance costs |
Member |
Death Only = 70c per unit per week. Death & TPD = $1 per unit per week. Salary Continuance = $1 per unit per week. |
These costs will vary depending on the number of units that you wish to insure for and will be deducted from your account annually. |
For more details on any fees and other costs listed above, download the Member Guide Product Disclosure Statement (2.2MB), or call 1300 HOSTPLUS (1300 467 875) 8am-8pm, Monday to Friday.