News | Frequently Asked Questions | Contact Us | Home

Employer Login                Employee Login

Fees and Charges

 

NEST does not deduct fees from employee entitlement contributions. This protects NEST’s capital from erosion. NEST’s entire administration is funded by a small portion of investment income.   

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additional Fee DIsclosures

 

Government charges

 

GST of 10% is applied to administration fees. The Government allows that up to one hundred percent 100% of GST paid by NEST can be reclaimed. This is claimed and redistributed to NEST beneficiaries..

 

Commissions and benefits

 

NEST does not pay commissions to third parties or provide any soft dollar benefits to any person or organisation.

  Checklist of Direct Fees and Charges

  Question

 Will employers or employees be charged any fees or charges other than the administration fee described in the checklist of Indirect fees and charges below?

No

N/A

  Answer

No

No

No

  How much and when is it paid?

 Does NEST charge an establishment fee?

N/A

Does NEST charge a contribution fee for initial and subsequent contribution made to NEST?

N/A

Does NEST charge withdrawal fees?

N/A

Does NEST charge termination fees if a NEST account is closed?

No

N/A

 Does NEST charge adviser fees for any advice or assistance required?

No

N/A

Does NEST charge account keeping fees for either active or inactive accounts?

No

N/A

  Checklist of Direct Fees and Charges

  Answer

  Question

Yes

No

No

  How much and when is it paid?

Does the fund administrator receive an administration fee for the general administration of the fund?

The Fund Administrator receives administration fees. These fees are deducted from investment income in accordance with an administration agreement between the Fund Administrator and the NEST Trustee.


Administration fees are calculated at 20% of investment returns plus GST for the first 400 million dollars of funds managed and 10% plus GST for the portion of funds managed above 400 million dollars.

Do employers or employees pay investment management fees or investment advisor fees?

All investment management fees are investment advisor fees are included in the administration fee above.

Do employers or employees pay expense recoveries for the out-of-pocket expenses the trustee in entitled to recover from the fund?

All expense recoveries are included in the administration fee above?