It’s just one of the ways we’ve improved our direct investment option.
We’re proud that Choiceplus has consistently been a low-cost option for members who want to take a more active role in the investment and management of their super or pension. Choiceplus gives you the ability to invest in shares in the S&P/ASX 300 Index, a range of exchange traded funds (ETFs) and listed investment companies (LICs), and term deposits.
Lower fees
In good news, we’ve recently reduced our already-low fees, now making Choiceplus one of the lowest-cost direct investment options available for super fund members.1
We estimate these reductions will save a typical Choiceplus member approximately $54 per year.2
| Choiceplus fee | Old fee Pre April 1 2023 | New fee From April 1 2023 |
|---|---|---|
| Portfolio administration fee | $180 p.a (approx. $15 per month) | $168 p.a (approx. $14 per month) |
| Brokerage fee | $19.95 up to 0.11% of trade value | $13 or 0.10% of trade value (greater of) |
| Transaction account fee | 0.90% of transaction account balance | 0.10% of transaction account balance |
Increased limits
We’ve also increased the investment limits on certain investments within Choiceplus. Existing limits on a range of ETFs and LICs have increased from 20% up to 50% of a member’s total account balance, giving members greater flexibility and choice in their investment strategy.
Want to know more?
We understand that not everyone has the skills and knowledge to directly manage their investments. Choosing the right investment option that suits your personal financial objectives can make a big difference to how your super grows.
We strongly recommend that you obtain advice from a licensed financial planner if you’re considering investing in Choiceplus.
To learn more about Choiceplus, click here.
1. Source: Hostplus research confirms that Hostplus Choiceplus pricing from 1 April 2023 will deliver the lowest cost direct investment option (DIO) among industry funds, based on a $50,000 balance with all but $2500 invested in shares, exchange traded funds (ETFs) and/or listed investment companies (LICs). Please note other fees and costs apply.
2. Source: Hostplus. Based on the following assumptions and associated fee savings:
• $12 p.a. in Portfolio Admin Fee
• $22 p.a. in Brokerage Fees based on 3 trades p.a. each under $10,000
• $20 p.a. in Transaction Account Fee based on transaction account cash balance of $2,500.
Not everyone has the skills and knowledge to directly manage their investments. Hostplus strongly recommends individuals obtain advice from a licensed financial planner before investing in the Choiceplus investment option, to have peace of mind that their investment strategy matches their investment time frame and risk tolerance.
This information is general advice only and does not take into account your personal objectives, financial situation or needs. You should consider if this information is appropriate for you in light of your circumstances before acting on it. Please read the relevant Hostplus Product Disclosure Statement (PDS) before making a decision about Hostplus. For a description of the target market, please read the Target Market Determination (TMD), available at hostplus.com.au.
Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a superannuation fund.
For further information on ETFs and LICs please visit the website of the provider.