Enjoy low fees
HIP Super members enjoy paying low fees.
Our low fees are in stark contrast to many retail super funds who deduct large percentage-based fees from members in order to pay commissions to their salespeople or pay substantial dividends to their shareholders.
In those cases, the retail fund's salespeople and shareholders are the winners, not the super fund members.
We have a simple duty to our members, and we take it very seriously - we set member fees at a level that will cover our costs - no more, no less.
| Type of fee or cost | Amount | How and when paid |
| Fees when your money moves in or out of HIP | ||
|
Establishment fee: The fee to open your account |
Nil | Not applicable |
| Contribution fee: The fee on the amount contributed to you investment - either by you or your employer | Nil | Not applicable |
| Withdrawal fee: The fee on each amount you take out of your investment | Nil | Not applicable |
| Termination fee: The fee to close your investment | Nil | Not applicable |
| Management costs | ||
| The fees for managing your investment | $1.40 per week | Deducted from your account at the end of the financial year or at the time of exit |
| The amount that you pay for specific investment options | Growth Option: 0.99% Capital Stable Option: 0.53% Cash Option: 0.21% | Deducted from gross investment earnings prior to crediting rate to members' accounts ie this fee is not deducted directly from your account |
| Service fees | ||
| Investment switching fee: The fee charged for changing investment options | The first investment switch in any financial year is free. Second and subsequent switches are $20. | If applicable, deducted from your account the month the switch occurs. |
Additional explanation of fees and costs
| Additional explanation of fees and costs | Amount | How and when paid |
| Adviser service fee: Charged by your adviser for advice about your investment (s) in the Fund | Nil | Not applicable |
| Family Law Act information request: This fee is charged when an eligible person (as defined in the legislation) requests information under the Family Law Act. | $100 per request | Payable by the person requesting the information |
| Family Law Act splitting fee: This fee is charged to effect a Family Law splitting order or arrangement | $72 ($36 per member) | Deducted from your account at the time of the split. |
This website is provided by Private Hospitals Superannuation Pty Ltd ABN 59 006 792 749, AFSL 247063, RSE L0001533, Trustee of Health Industry Plan (SPIN HIP0100AU, RSE R1056617), and is general information only. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. Please note that investments can go up and down. Past performance is not a reliable indicator of future performance. You should assess your own financial situation and needs, read the relevant Product Disclosure Statement and consult an adviser if required before making a decision about products on this website.