Document ID: chunk:federal_register_of_legislation:F2024C01249:clause:10_211
Version: federal_register_of_legislation:F2024C01249
Segment Type: clause
Provision Reference: sch 10 cl 211
Character Range: 2191668–2192807

211  Superannuation products—Example of annual fees and costs for a MySuper product
  This table gives an example of how the fees and costs for the generic MySuper product for this superannuation product can affect your superannuation investment over a 1 year period. You should use this table to compare this superannuation product with other superannuation products.

EXAMPLE—‑MySuper product                     BALANCE OF $50 000
Investment fees                              1.6%                For every $50 000 you have in the MySuper product you will be charged $800 each year
PLUS Administration fees                     $52                 And, you will be charged $52 in administration fees regardless of your balance
                                             ($1 per week)
PLUS Indirect costs for the MySuper product  1.2%                And, indirect costs of $600 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 $1 452 for the MySuper product.

Note: * Additional fees may apply.