Fees & costs

WA Super is a not for profit super fund, which means any profits made goes straight back to our members. This helps us achieve our main goal, of helping all our members retire the way they want to.

The table below outlines the fees and costs that may apply to your investment. These fees and costs may be deducted directly from your account, from the returns on your investment or from the assets of the superannuation entity as a whole.

Type of fee

Amount

How and when paid

Investment fee

Investment fees are different for each investment option and range from 0.12% to 0.81% pa. 

See indirect cost ratio below for the cost to manage your investment.

Administration fee

$72.80 pa ($1.40 per week) plus 0.08% pa of your account balance.

Deducted from your account at the end of each month.

Buy/sell spread

Nil

Absorbed as part of the asset cost at the time of the transaction. All buy/sell spreads incurred by WA Super in managing your investment are included in the Indirect Cost Ratio below.

Switching fee

Nil for the first two switches, $50 per switch thereafter. No fee if completed online.

Deducted from your account at the time of the switch.

Exit fee

$80

Deducted from your account at the time of the transaction.

Advice fees relating to all members investing in a particular MySuper product or investment option

Nil

Further information on advice fees is available in the Member Guide under ‘Additional explanation of fees and costs’. 

Other fees and costs

 

Refer to the section ‘Additional explanation of fees and costs’ in the Member Guide. 

Indirect cost ratio

Indirect cost ratios are different for each investment option and range from 0% to 0.36% pa. 

Deducted from the Fund’s investment returns before the crediting rate is applied to your account.

Additional Fees and Costs

Type of fee/cost

Amount

How and when paid

Non-Intrafund personal advice fee

Agreed with your Western Financial, Financial Planner.

As agreed with Western Financial.

*Contribution splitting fee

Nil for split paid to another WA Super account. $80 for splits to external fund.

Deducted from your account at the time the contribution split is made.

*Family law fees

$480 for enquiries and the supply of information.

 

$160 for splitting, flagging or unflagging.

Paid by the enquirer at the time of the enquiry.

 

Deducted at the time the split or flag is made or lifted and is paid in equal parts by both parties.

 

 

*Financial Hardship Application

$160

Payable if you request access to your funds on the basis of financial hardship.  The fee is payable on application, regardless of the decision as it is required to cover the cost of conducting the assessment. If all information is not received with the initial application additional costs based on the hourly charge rate may be payable.

*Release on compassionate grounds (assessed by the Department of Human Services)

$160

Deducted from your account at the time or transaction.

*Dishonoured cheque fee

$35

Deducted from your account if a cheque is dishonoured.

*Special request fee

Cost

Paid by the enquirer at the time of the request. The fee payable will depend upon the type of request made and the type of activity to be undertaken.

Insurance fee

 

See Insurance Guide.

Personal Advice fees
Fees may be payable for personal advice received. Personal advice is advice that is tailored to your specific financial objectives, situation or needs.

#Personal financial advice is provided by financial planners employed by WA Local Financial Services Pty Ltd (Western Financial), a wholly owned subsidiary of WA Local Government Superannuation Plan, as authorised representatives of Quadrant First Pty Ltd AFSL 284443.

Find out more

For a list of all the fees and costs you may incur, refer to the Product Disclosure Statement.

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