Low fees

As an industry super fund, HESTA is run only to benefit members - not to make profits from them. We offer HESTA members:

Low administration fees.
NO entry or exit fees.
NO switching fees.
NO commissions paid to financial advisers.

The fees and costs that apply to your HESTA super account are set out in the table below. They include:

Fees paid from your account (eg administration fee and fees for requested services)
Costs deducted from HESTA's assets before interest rates are declared each month (eg management, investment and performance costs)

HESTA's fee table

Type of fee or cost	Amount		How and when 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 your employer	NIL		Not applicable
Withdrawal fee The fee on each amount you take out of your investment	NIL		Not applicable
Termination fee The fee to close your investment	NIL		Not applicable
Management costs
The fees and costs for managing your investment	Administration fee $1.25 per week administration fee ($65.00 per year)		Deducted from your account at the end of each month or when you close your account
	Trustee operating cost 0.1% p.a. ($1.00 for each $1,000 invested) Member benefit protection cost* 0.02% (ie. $0.20 per $1000)		Both the trustee operating cost and member benefit protection cost are deducted from HESTA's assets before interest rates are declared each month, not directly from your account
The amount you pay for specific investment options:	Investment management cost (estimate)*	Investment performance cost(estimate)*	Deducted from HESTA's earnings before interest rates are declared each month, not directly from your account.
Ready-Made Investment Pools
Conservative Pool (formerly Cash Plus)	0.27%	0.04%	Both the investment management cost and investment performance cost are deducted from HESTA's assets before interest rates are declared each month, not directly from your account
Core Pool	0.61%	0.16%
Shares Plus	0.63%	0.21%
Eco Pool	0.35%	0.21%
Australian Shares (now closed)	0.47%	0.10%
Overseas Shares (now closed)	0.63%	0.29%
Your Choice Asset Classes
Cash	0.02%	0.00%
Global Bonds (formerly Fixed Interest)	0.22%	0.00%
Property	0.70%	0.06%
Infrastructure	0.63%	0.05%
International Shares	0.52%	0.24%
Australian Shares	0.42%	0.08%
Private Equity	2.96%	0.12%
Service fees
Investment switching fee The fee for changing investment options	NIL		Not applicable
Insurance premiums The cost of your insurance cover	Depends on the type of level of cover you have. Default cover costs $3.00 per week		Deducted from your account at the end of each month or when you close your account
Contribution splitting fee The fee for splitting contributions out of the fund	$60.00		Deducted from your account at the time of transaction
Family law transation fees The fee for transactions requested under the Family Law Act 1975	Family Law Account Splitting fee $80.00 Family Law Information Request fee $103.00		Deducted from your account at the time of transaction Payable by the person making the request at the time of the request
Financial advice fee The fee changed for providing personal financial advice	Agreed between you and your financial adviser		Deducted from your account at the time agreed

*These costs vary from year to year and are not determined until after the end of each year. The figures provided are estimates for 2010/2011.

Further information about fees and costs can be found in HESTA's Product Disclosure Statement

Information about taxes can be found on the Tax and super page.