What are Media Super’s monthly admin fees and are there any management fees? - Ros
All members pay an Administration Costs fee of $1.10 per week, which is used to pay for the costs of administering Media Super. This fee is deducted monthly from member accounts.
An Other Expenses fee pays for costs not covered by the Administration Costs fee. A fee of 0.10% p.a. is deducted from the Fund's assets before the unit prices are determined on a weekly basis, but may be lowered or increased after periodic reconciliations.
Investment Manager Fees are the fees for investing in the Fund's assets and differ for the various investment options. These fees are also deducted before the unit prices are determined.
Other fees may also apply. For more information, visit www.mediasuper.com.au/fees.