At Tasplan, we regularly review our fees to ensure members are getting the best value for money. We’re happy to let you know that from 1 July 2019, there will be reduction in our administration fee.
So, what changes have we made?
From 1 July 2019, our administration fees will change to:
|Tasplan Super||Tasplan Pension2|
(Calculated daily and deducted monthly from your account)
|$6.50 each month, plus 0.16% of your account balance each year (the percentage fee is capped at $500 each year).||$6.50 each month, plus 0.21% of your account balance each year (the percentage fee is capped at $1,200 each year).|
1 If your account balance for a product offered by Tasplan is less than $6,000 at 30 June each year or when you close your Tasplan account, the total combined amount of administration fees, investment fees and indirect costs charged to you will be capped at 3% of the account balance. Any amount charged in excess of the cap must be refunded.
2 If you hold more than one Control or Managed Pension, the $6.50 monthly fee is only charged once and will applied proportionally across all pension accounts. The percentage fee cap of $1,200 will apply on the combined total of these pension accounts.
What does a fee reduction mean for you?
With less money being deducted from your account, you can save more money towards your retirement dream.
How can you find out more about these changes?
From 1 July, our Tasplan Member guide and fact sheets will be updated with the new fee information.
If you have any questions, call 1800 005 166.