Calculators

Frequently Asked Questions

Latest Performance

Low fees. Run only to profit members.

Did you know that the WA Local Government Super Plan is a not for profit super fund?
 

This means that all money is reinvested back into the Fund to benefit members and not external shareholders. As a leading industry fund, we invite you to compare our fees and services (see table) with other super funds. We think you’ll find them highly competitive. What’s more, we’re one of the largest WA based super funds. This means you get personal service when you want it and our size gives us bargaining power to pass on terrific savings to you.

The fees vary slightly between Super Solutions (the accumulation phase) and Retirement Solutions (the income stream phase).

The current fees are summarised in the tables below. For more information please read the Product Disclosure Statement.

Super Solutions

Type of Fee or Cost		Amount
Fees when your money moves in or out of the Fund
Establishment Fee		Nil
Contribution Fee		Nil
Withdrawal Fee		$75.00
Termination Fee		$75.00
Management Costs
Administration Fee		$1.20 per week ($62.40 p.a.)
Investment Management Fee		Between 0% - 1.33%

 

Investment Management Fees

These fees include costs charged by professional fund managers including Performance Based Fees,
other external service providers (eg asset consultants, lawyers), Trustee expenses and Government charges and levies, which would not be incurred if you invested directly in an asset. Investment Management Fees are deducted from earnings on a monthly basis before earnings are allocated to your account. The following points are used in determining management costs:

• The Indirect Cost Ratio (ICR) for each investment option is calculated by weighting the fee for the various asset classes within that option.
• Estimates of ICR are based on estimates of management costs for each asset class.
• The investment option you choose will determine the management cost incurred.
• The investment return allocated to your account is net of any tax and investment costs.

Investment option		Investment management fee1		Performance based fee % pa (included in overall investment management fee)
Diversified High Growth		1.33		0.14
Diversified Moderate		1.17		0.18
Diversified Conservative		0.65		0.13
Australian Listed and Private Equities		1.33		0.30
Global Listed and Private Equities		1.27		0.11
Australian Listed Equities		Nil		Nil
Global Listed Equities		Nil		Nil
Sustainable Future		0.77		Nil
Property and Infrastructure		1.12		0.02
Bonds and Yield		0.59		0.21
Cash		0.20		Nil

¹These Investment Management Fees are based on the Fund's asset allocation as at 30 June 2011 and are intended to be indicative only. Future actual Investment Management Fees will vary depending on the managers used and the performance of the market. 
 

Example of annual fees and costs

This table gives an example of how the fees and costs in the Fund’s Diversified Moderate option can affect your investment over a one year period. You should use this table to compare this product with other products.
 

Example - the Diversified Moderate Investment Option				Balance of $50,000 with total contributions of $5,000 during the year
Contribution Fees		Nil		For every $5,000 you put in you will be charged $0.
Plus Management costs		1.17% + $62.40		And, for every $50,000 you have in the Fund you will be charged $585 each year plus $62.40 in Administration Fees regardless of your balance.
Equals Cost of Fund				If you put in $5,000 during a year and your balance was $50,000 then for that year you will be charged a fee of: $647.40*  What it costs you will depend on the investment option you choose and the fees you negotiate with your fund or financial adviser***

*Additional fees may apply ** The wording in this section is prescribed by law and fund fees are not negotiable. 

 

Retirement Solutions

Type of Fee or Cost		Amount
Fees when your money moves in or out of the Fund
Establishment Fee		Nil
Contribution Fee		Nil
Withdrawal Fee		$75.00
Termination Fee		$75.00
Management Costs
Administration Fee		0.20% pa (first $500,000) 0.15% pa (next $500,000) and 0% on the balance, subject to a minimum of $250 pa
Investment Management Fee		Between 0% and 1.54%

Investment Management Fees

These fees include costs charged by professional fund managers including Performance Based Fees, other external service providers (eg asset consultants, lawyers), Trustee expenses and Government charges and levies, which would not be incurred if you invested directly in an asset. Investment Management Fees are deducted from earnings on a monthly basis before earnings are allocated to your account. The following points are used in determining management costs:

• The Indirect Cost Ratio (ICR) for each investment option is calculated by weighting the fee for the various asset classes within that option.
• Estimates of ICR are based on estimates of management costs for each asset class.
• The investment option you choose will determine the management cost incurred.
• The investment return allocated to your account is net of any tax and investment costs.

Investment option		Investment management fee1		Performance based fee % pa (included in overall investment management fee)
Diversified High Growth		1.54		0.14
Diversified Moderate		1.36		0.18
Diversified Conservative		0.74		0.13
Australian Listed and Private Equities		1.53		0.30
Global Listed and Private Equities		1.46		0.11
Australian Listed Equities		Nil		Nil
Global Listed Equities		Nil		Nil
Sustainable Future		0.87		Nil
Property and Infrastructure		1.28		0.02
Bonds and Yield		0.66		0.21
Cash		0.20		Nil

¹These Investment Management Fees are based on the Fund's asset allocation as at 30 June 2011 and are intended to be indicative only. Future actual Investment Management Fees will vary depending on the managers used and the performance of the market.  


Example of annual fees and costs

This table gives an example of how the fees and costs in the Fund’s Diversified Moderate option can affect your investment over a one year period. You should use this table to compare this product with other products. 
 

Example - the Diversified Moderate Investment Option				Balance of $50,000 with total contributions of $5,000 during the year
Management costs		0.20% + 1.36%**		For a balance of $50,000 in the Fund you will be charged $250 in Administration Fees (subject to the $250 minimum) plus $680 in Investment Management Fees each year.
Equals Cost of Fund				If your balance was $50,000, then for that year you will be charged a fee of: $930.00*  What it costs you will depend on the investment option you choose and the fees you negotiate with your fund or financial adviser***

*Additional fees may apply. ** Based on the costs charged by professional fund managers as at 30 June 2011 and subject to change should these coss alter. *** The wording in this section is prescribed by law and fund fees are not negotiable. You may negotiate a fee with an external advisor if you choose to use one. As Administration Fees are charged on a sliding scale, based on your account balance, the amoutn you are charged each year will be basd on the appropriate scale. Please refer to the next example for how much you could expect to pay in fees for a higher account balance.