Fees & other costs
Small differences in both investment performance and fees and costs can have a substantial impact on your long-term returns.
For example, total annual fees and costs of 2% of your fund balance rather than 1% could reduce your final return by up to 20% over a 30-year period (for example, reduce it from $100,000 to $80,000).
You should consider whether features such as superior investment performance or the provision of better member services justify higher fees and costs.
The Australian Securities and Investments Commission's (ASIC) Moneysmart website has a managed investment fee calculator to help you check out the different fee options.
Centuria does not charge any establishment, contribution, withdrawal or termination fees on your Centuria LifeGoals investment. It charges a 0.6% per annum management fee and estimated ongoing expenses fee of 0.1% per annum. In addition to this, there is an underlying manager fee for each investment option, as outlined in the Product Disclosure Statement (PDS).
Being aware of the fees and charges you pay on your investment is important due to the overall effect they have on your returns so make sure you familiarise yourself with them. Download the Product Disclosure Statement for full details on the fees and other costs on Centuria LifeGoals investments.