These are the standard fees and costs using our MySuper option, smartMonday Lifecycle1. The administration fees that apply under the arrangement we have with your employer may be different (Login to see). Different fees and costs apply if you hold other investment options. See the PDS Fees and costs guide at smartmonday.com.au for more information.
|Fee breakdown1||Fee amount||On a $50,000 balance you'd pay...|
|Administration fees p.a.2||0.485% + $72||$314.50|
|Investment fees p.a.3||0.295%||$147.50|
|Transaction costs p.a.3||0.052%||$26|
$488Total fees and costs p.a.
1. Fees are current as of 2023/24 financial year. Other fees may apply, such as insurance fees. See the PDS Fees and costs guide at smartMonday.com.au for more information.
2. Administration fees comprise the asset administration fee and the member fee. The member fee is a dollar-based fee that is deducted monthly from your account. It is indexed annually each 1 July in line with inflation (as measured by AWOTE). The asset administration fee is a percentage-based fee split into 3 components:
i) an amount deducted monthly from your account (up to 0.36% p.a.),
ii) an amount deducted from the assets of the investment options and included in the daily calculation of unit prices (0.095% p.a.), and
iii) an amount paid from the general reserves of the fund (0.03% p.a. estimated).
Any discounts applicable to your employer’s plan in smartMonday are reflected in the asset administration fee deducted from your account. Any discounts will cease if you cease employment with the employer who joined you to the plan. See the PDS Fees and costs guide at smartMonday.com.au for more information.
3. Investment and transaction fees and costs are estimates based on information for the financial year ended 30 June 2023. These fees and costs may vary from year to year. See the PDS Fees and costs guide at smartMonday.com.au for more information