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At Cbus we’re here to support our members, delivering all benefits back to our members.

When choosing an income stream for your retirement, it's important to compare all the fees and costs, as they’ll impact on how long your money will last.

Fees and costs

Type of fee Amount How and when paid
Entry/joining fee nil n/a
Investment fee1

Transition to Retirement option (estimate)2

Cash Savings – 0.12%

Conservative – 0.39%

Conservative Growth – 0.58%

Growth – 0.85%

High Growth – 0.94%

Fully Retired option

Cash Savings – 0.12%

Conservative – 0.39%

Conservative Growth – 0.58%

Growth – 0.86%

High Growth – 0.94%

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

See below for information on the costs that make up the investment fee.

Administration fee

Account keeping fee of:

$2 per week

Plus

0.08% per year of your account balance (capped at $640 per year)

Plus

Trustee operating cost of 0.08%1 per year of your account balance

Deducted from your account at the end of each month or when you close your account.

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

Cbus claims a tax deduction for administration costs each year which is used to reduce the Trustee operating cost. The current estimate for 2017/18 is 0.09% (gross of tax) for the Transition to Retirement option and 0.08% (gross of tax) for the Fully Retired option.

Exit fee $35 Paid from the benefit on full withdrawal of your account.
Financial Planner Payments Up to $7,000 per financial year, as negotiated Deducted from your account after the financial advice is provided. See eligibility criteria.
Partial withdrawal fee $20 Deducted from your account if you draw a lump sum payment (commutation) that is additional to your regular income payments.
Indirect cost ratio
nil n/a
Investment switching fee nil n/a

Family law requests

Fees charged for any family law requests for information and family law payment splits

Request for information: $100

Payment split: $80

Paid by cheque at the time of request.

Paid from the benefit amount to be split at the time of the payment split. 

Fees deducted from the crediting rate are estimates based on the actual costs from the 2016/17 financial year. They usually change from year to year and may be different for each investment option. Other fees and costs such as activity fees, insurance fees and tax may apply.

2 The Transition to Retirement investment options commenced on 1 July 2017. This is an estimate based on the 2016/17 financial year.

Investment fees

The costs to manage your Cbus investments and how they impact your account depend on the type of investment option you select.

For standard Cbus investments, these vary for each option and are paid from the investment earnings before they are added to your account. There are specific fees and charges that apply when you invest in the Cbus Self Managed investment option.

The costs to manage your Cbus investments are known as the ‘investment fee’. The investment fee includes fees paid to external and internal investment managers, custodians and asset consultants, transaction costs, property management related expenses and bank fees.

Investment fees may change from time to time because of changes in performance and/or other fees from year to year.

 

Cbus Self Managed fees and costs

See the Cbus Self Managed investment guide (PDF) for details of fees and costs. 

Further reading

You can read more about super income stream fees and costs by clicking on the link below.

Cbus super income stream

 

We’re here to help

Call our Cbus Advice Team on 1300 361 784

Press 4 to be connected

8am to 8pm Monday to Friday AEST/AEDT

Email: advice@cbussuper.com.au

Or use our online form to book a time for our Advice Team to call you.