As our Fund grows, we’re able to negotiate better deals for our products and services like insurance and investments. Unlike some super funds, we pass on these benefits of scale to all our members whenever we can. So with Hostplus you can be confident that when we grow, we grow together.
Some funds charge a variable administration fee which increases as members’ balances grow. At Hostplus, all you pay is a member administration fee of $1.50 per week ($78 p.a.), regardless of the size of your balance. An additional $30.64 p.a. per member was deducted from the Fund's Administration Reserve for FY2021, and not from members' account balances.
Our low administration fee combined with strong long-term investment returns (after investment costs and taxes) helps our members retire with more. In fact, for the 15-year period ending 30 June 2021 the Hostplus Balanced option delivered $63,591 more to members accounts when compared to the Master Trust (retail funds) average.**
A lot can change in 17 years, but not the member admin fee we charge to members' accounts. We've maintained the same low rate of just $1.50 per week since 2004. All you pay is $78.00 per year.
An additional $30.64 p.a. per member was deducted from the Fund’s Administration Reserve for FY2021, and not from members' account balances.
*Source: Top 10 Industry fund MySuper options based on Total Assets in Table 1a and Administration fees in Table 3, APRA Quarterly MySuper Statistics, March 2021 (reissued 30 June, 2021). Total administration fees based on a balance of $50,000.
**Source: SuperRatings Net Benefit modeller as at 18 August 2021. This analysis compares the Hostplus Balanced (MySuper) option with the Master Trust Average and the Industry Fund Average. It shows average differences in net benefit of Hostplus’ Balanced (MySuper) investment option and the main balanced options of retail and Industry funds tracked by SuperRatings. It assumes employer contributions on a starting annual salary of $50,000 and a $50,000 starting balance and takes into account historical investment earnings (after administration and investment fees and taxes). Contribution fees, additional adviser fees or any other fees charged are excluded from this model. Outcomes may vary between individual funds. See www.hostplus.com.au/assumptions for more details about modelling calculations and assumptions. Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund. Hostplus has adopted the fee and cost disclosure requirements contained in ASIC Regulatory Guide 97 effective 13 October 2021. Under those requirements, costs deducted from administration reserves form part of the administration fee disclosed in the Hostplus PDS. Those costs may change in the future.
Host-Plus Pty Limited ABN 79 008 634 704, AFSL 244392 as trustee for the Hostplus Superannuation Fund (the Fund) ABN 68 657 495 890, MySuper No 68 657 495 890 198. 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), available at www.hostplus.com.au before making a decision about Hostplus.