Investment fees
Understanding investment fees gives you a real advantage when looking to invest. A small difference of even 1% over a long time frame can make a big difference to your real returns.
Although investment fees are important, they are not the only way of choosing a financial product. It’s important to look at what you are getting for your investment fees and whether other products match the same level of service if their fees are lower. Your financial adviser or planner will be able to talk through your investment fees with you and discuss your options.
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Where can I get information on my investment fees?
A Product Disclosure Statement (PDS) or other disclosure document for the product will have details of the investment fees for the financial product. Your annual statement will outline how much those investment fees are. The annual management costs (%p.a.) are updated on the Management cost page.
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Super and managed funds fees
Super and managed funds charge similar types of fees.
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Wrap account fees
Wrap accounts have a slightly different investment fee structure as they provide value in different areas such as administration and simplified tax reporting.
Did you know?
All investing involves a trade-off between risk and return. The key lies in understanding your tolerance to risk.
Investing money for the first time can be daunting. Whilst it’s important to seek professional advice before investing, it’s also good to understand the investment basics.
