When you join Vision Super directly, via our digital join form, you become a Vision Personal member. As a Vision Personal member, you have access to 13 different investment options, however when you apply to join Vision Personal, you are doing so on the basis that your account balance (including contributions) will be invested in the Balanced low cost investment option until you make an investment choice.
*‘Low cost’ refers to the low ongoing fees and costs (including investment related fees) of the Balanced low cost option compared with other superannuation investment options in the marketplace. Refer to the APRA Choice Heatmap here. The APRA Choice Heatmap is based on data as at 30 June 2021 and is subject to change. Please note that the Balanced low cost option appears in the Choice Heatmap under its former name ‘Sustainable Balanced’.
The Balanced low cost option invests in a mix of growth and defensive assets. This option invests in a diversified portfolio with a moderate exposure to cash and diversified bonds, and a higher exposure to equities, while providing a tilt away from carbon-intensive companies in Australia and internationally versus the applicable benchmark.
The table below illustrates how the fees and costs in the Balanced low cost option for Vision Personal can affect your superannuation investment over a one-year period with an investment balanced of $50,000.
| Example Balanced low cost option | Balance of $50,000 | |
|---|---|---|
| Administration fees and costs | $78 pa ($1.50 per week) plus 0.14% of your account balance | For every $50,000 you have in the superannuation product, you will be charged or have deducted from your investment $70 in administration fees and costs, plus $78 regardless of your account balance.1 |
| Plus Investment fees and costs | 0.14% | And2 you will be charged or have deducted from your investment $70 in investment fees and costs. |
| Plus Transaction costs | 0.10% | And2, you will be charged or have deducted from your investment $50 in transaction costs |
| Equals Cost of product | If your balance was $50,000 at the beginning of the year, then for that year you will be charged fees and costs of $268* for the superannuation product. | |
2. For every $50,000 you have in the superannuation product, Investment fees and costs and Transaction costs will apply. The Investment fees and costs and the transaction costs shown above are estimates of the amounts that you will incur, based on information provided by our investment managers and custodian. These amounts include actual amounts where available and some estimated components. For the year ending 30 June 2023, the Balanced low cost option’s investment fees and costs (including performance fees) were 0.16% (including performance fees of 0.00%) and transaction costs were 0.17%. However, these are not considered reasonable estimates of the ongoing annual investment fees and costs for this option. Estimates for the year ending 30 June 2024 are shown.
Explore our range of investment options. You can mix and match your options to suit your goals, your timeframe and your preferred level of risk. So when your needs change, so can your investment options.
Download and read the Vision Personal Product Disclosure Statement and personal investment guide for information about our Balanced low cost option and other investment options.