Fees & pricing

Super costs are complicated. But unlike most funds, TOMORROW’s are 100% transparent. And we pass on the benefits of scale to you, like couple discounts and lower fees as your balance grows.

 

We challenge you to discover your current fund’s all-in costs, and not be sent on a wild goose chase (transaction fees like borrowing and property fees can add 0.15-0.25% and be buried in fee booklets).

 

In the meantime, here’s a transparent breakdown of our calculations, followed by costs for each portfolio.

INVESTMENT FEE

Investment Management Fee*

All Managed Portfolios: 0.55% p.a.
Except for:
Responsible Green 0.60% p.a.
Indexed 0.10% p.a.
Conservative CASH 0.10% p.a.

PLUSInvestment Management Fee

Investment performance fees of 0% to 22% of out performance p.a. (if and where applicable).

Refer to TOMORROW Investment Menu for the relevant managed portfolio for information on whether you pay an investment performance fee within a managed portfolio you invest in and, if so, the fee amounts applicable.

ADMINISTRATION FEE

Tiered percentage administration fee

Tier of account balance Fee rate
First $500,000 0.15% p.a.
$1,000,000+ 0.10%

Regardless of your total account balance, a minimum $290 p.a. and a maximum of $2,500 p.a. applies to the tiered percentage fee based on the above fees.

PLUS If your Managed Portfolio invests in Australian listed securities and international listed securities, a fee of 0.10% p.a. and 0.20% p.a. (respectively) of the Australian dollar value of the Australian and international listed securities that you hold in your account will apply.

PLUSan account keeping fee of $290 p.a

PLUSa Cash management fee**

The cash management fee is the amount the Administrator earns relation to its cash management activities. The cash management fee is up to 1.75% p.a.

PLUSan Expense Recovery***

Tier of account balance Fee rate
First $2,500,000 0.055% p.a.
$2,500,000+ Zero

Transaction fee

0.18%
Fees charged when you buy and sell assets.

Buy-sell spread

Nil
However indirect costs may apply when selling investments including buy-sell spreads of underlying investments.

Switching fee

Nil
However indirect costs may apply when selling investments including buy-sell spreads of underlying investments.

Advice fees relating to all members investing in a particular Managed Portfolio

Nil
However adviser fees relating to you or services you receive may apply subject to your consent.

Exit fee

Nil
However other fees or costs may apply when selling investments.

Other fees and costs****

N/A

Indirect cost ratio

N/A
Things you need to know Download Public Disclosure Statement

The above table shows fees and other costs that you may be charged. These fees and other costs may be deducted from your money, from the returns on your investment or from the assets of the superannuation entity as a whole. Other fees, such as activity fees, advice fees for personal advice and insurance fees, may also be charged, but these will depend on the nature of the activity, advice or insurance chosen by you. Entry fees and exit fees cannot be charged. Taxes, insurance fees and other costs relating to insurance are set out in another part of this document. You should read all the information about fees and other costs because it is important to understand their impact on your investment.

*Your consent will be required for the investment management fee and tiered percentage administration fee. Refer to ‘Your consent and authorisation of fees when you invest in a managed portfolio’ for further information on how to consent.

**The actual amount may vary (i.e. be less) depending on the amount of interest earned on the omnibus accounts held with applicable Australian banks or other authorised deposit-taking institutions (ADIs) and the amount of interest payable to you in respect of your Cash Holdings. Refer to ‘Cash management fee’ under the heading ‘Additional explanation of fees and costs’ below for more information.

***This amount is a reasonable estimate based on the information available at the date of this PDS. We estimate costs in future years to be within the range of 0.008% to 0.035% p.a. Actual expenses deducted from an account may be more or less and will be confirmed in your Annual Member Statement.

****Other fees and costs may apply such as activity fees, advice fees for personal advice or insurance fees. Refer to the ‘Additional explanation of fees and costs’ below for more information.

Note: If your account balance is less than $6,000 at the end of the financial year, the total combined amount of administration fees, investment fees and indirect costs charged to you are capped at 3% of the account balance. Any amount charged in excess of that cap must be refunded.

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© 2021 TOMORROW Super. Tomorrow Financial Services Pty Limited ABN 94 618 000 196 (TFS), AFS Licence Number 514522 trading as TOMORROW Superannuation. TFS currently do not offer a financial product. TOMORROW Super will be launching soon. The information contained in this website is general advice only and has been prepared by TFS which means we haven’t taken into account your objectives, financial situation and needs. You should consider whether the information is appropriate, and whether you need to speak to an accredited or licensed financial professional before making any decisions, financial or otherwise, that involve TFS or any product for that matter. A Product Disclosure Statement for the product will be made available when the product becomes available. As always, you should consider the Product Disclosure Statement in deciding whether to acquire, or continue to hold, the product.