| Minimum initial contribution |
No initial minimum contribution | |
|---|---|---|
| Investment options |
Click here to view our choice of investment options | |
| Frequency of regular payment |
Weekly, fortnightly, monthly, quarterly, half-yearly, yearly | |
| Lump sum withdrawals |
No minimum lump sum withdrawal amount | |
| Standard fees | Administration Fee | 0.20% to 0.40% pa Plus $2.50 per week for balances below $50,000 |
| Administration fee cap | The maximum Administration you may pay is $3,500 pa | |
| Investment Fee | 0.25%pa to 4.03%pa† | |
| Other fees | Adviser Service Fee | An annual fee as either a percentage (%) of your monthly account balance or a dollar ($) amount and/or a one off dollar ($) fee (agreed between you and your financial adviser) and/or a percentage (%) of each contribution (agreed between you and your financial adviser). |
| Investment transaction costs | When buying or selling the underlying assets of each investment option, transaction costs may be incurred. Currently between 0.0% - 0.5%. | |
| Investment management fee rebate |
MLC has negotiated with the investment managers of the external investment options to rebate part of their fees that comprise the Management Expense Ratio. This rebate is known as a Fund Manager Payment and is passed on to members by way of the applicable investment fee. | |
| Death Benefits - nomination of beneficiary |
In the event of your death you can make either a non-lapsing binding, non-binding or reversionary beneficiary nomination. | |
| Insurance | Insurance premiums for MLC Insurance can be deducted from MLC MasterKey Pension Fundamentals. | |
| Flexible payment of fees |
Ability to select where your fees (except the investment fee) are drawn from | |
| Accessing your account information |
Online, MLC Service Centre or in writing (including fax) | |
| Reporting | Investment switching | |
| Update details | ||
| Update pension payments | ||
† Includes a performance fee of 2.83%