Our fees and charges only seek to recover the cost of looking after our members’ superannuation.
Our management costs include an administration fee of $1.25 per week, which reduces to $1.15 after 5 years membership and to $1.05 after 10 years. There are also investment management fees which are not deducted from your account directly, and they vary depending on your investment choice.
Westscheme has no joining or withdrawal fees and there are no additional costs to roll your other super accounts into Westscheme.
Other fees for ancillary services may apply. The Fees and Charges section of the Member Handbook/Product Disclosure Statement explains our fees and charges in more detail.
Please note that the investment management fees for 2006/07 have now been settled. They are lower than the figures quoted in the Member Handbook/Product Disclosure Statement and are the best current indicator of on-going investment management fees. Please follow this link to find the revised figures on page 3 of the Additional Information on the Annual Report to Members 2006/07.
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Trustee: Westscheme Pty Ltd AFSL 232709 ABN 33 009 194 218 RSE Licence No: L0000581
Westscheme ABN: 68 559 391 482 SFN: 1353/119/43 RSE Registration No: R1000825