Fees

ESI Super is a 'profit-for-members' fund, which means all profits are returned to members which means we can keep fees and costs to a minimum.

The following table shows the fees and costs applicable to your ESI Super account. For more information on fees,please refer to the Product Disclosure Statement applicable to your account (see Publications & Forms).

Type of fee	Amount	How and when it is paid
Fees when your money moves in or out of the Fund
Establishment fee The fee to open your investment	Nil.	Not applicable.
Contribution fee The fee on each amount contributed to your investment -either by you or by your employer.	Nil.	Not applicable.
Withdrawal fee The fee on each amount you take out of your account	Nil.	Not applicable.
Termination fee The fee to close your investment	Nil	Not applicable
Management costs*
The fees and costs for managing your superannuation investment. The amount you pay for specific investment options is shown in the ESI Super Member Guide.	$1 p.w. fixed administration fee ($52 p.a. per member account). Plus 0.22% p.a. of your account balance (percentage based administration fee), capped at $2,200 p.a. for any member (including all your linked accounts). Plus 0.08% - 0.77% p.a. depending on the investment option (investment management fees).	The weekly fee is deducted monthly in arrears from your account (or when you close your account). The administration fee and investment fees are deducted daily from Fund earnings before crediting rates and unit prices are declared.
Service Fees
Investment switching fee The fee for changing investment options.	Your first switch each financial year is free. Any additional switches will cost you $25.	The fee is deducted from your account at the time of the switch.

* Management costs are an estimate, derived from the actual management costs for the 2008/2009 financial year.

Other management costs

Investment option	Administration fee as a % of assets	Investment management fees as a % of assets	Total management cost as a % of assets*
Cash Deposit	0.22	0.08	0.30
Cash Enhanced	0.22	0.24	0.46
Stable	0.22	0.30	0.52
Capital Managed	0.22	0.37	0.59
Balanced	0.22	0.44	0.66
SRI Balanced	0.22	0.77	0.99
Growth	0.22	0.44	0.66
Australian Shares	0.22	0.28	0.50
International Shares	0.22	0.59	0.81

*Total management costs are an estimate, derived from the actual management costs for the 2008/2009 financial year.

Capped administration fee

The administration fee of 0.22% is subject to a limit of $2,200 in a financial year for any member.  If your account balance at the end of the financial year exceeds $1,000,000, any administration fee above $2,200 will be rebated to your account.  Rebates will be calculated when the Fund's annual accounts for the financial year are finalised, and the amount of any rebate will show on your Annual Statement as a credit to your account.

If you have more than one account in ESI Super, or you have a spouse who is also a member, the capped administration fee applies to the total balances of these accounts.  If the combined total of your account balances at the end of the financial year exceeds $1,000,000, any administration fee above $2,200 will be rebated to your accounts proportional to their balances at the end of the financial year.

However you will need to complete an Account linking request Form and return the Form to us, so we can link your accounts for the purpose of calculating whether the fee cap applies. If you have only one ESI Super account, you do not need to do anything.

Other fees

Fee or cost	Amount	How and when paid
Family law information request fee The fee for providing information to a non-member spouse.	$100	The fee is payable at the time of the request.
Family law split fee The fee for splitting your account.	$100 (split between both parties).	The fee is payable at the time of the request or it may be deducted from your account.
International transfer fee ESI Super will initially use internal resources for international transfers.	This is not a fixed fee ESI Super will bill members for this service on a cost recovery basis. Indicative cost is between $300-$400 per transfer.	The fee deducted from your account when an external service provider is engaged to help transfer superannuation monies from other countries into ESI Super.
Finding lost member fee ESI Super will initially use internal resources to find lost members who have superannuation savings remaining in ESI Super.	This is not a fixed fee. ESI Super will bill members for this service on a cost recovery basis. Indicative cost is between $30-$50 per lost member found.	The fee is deducted from your ESI Super account when an external service provider is engaged to help locate a member who has relocated without providing a forwarding address or contact details to the Fund.