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Indexation of fees and thresholds effective 1 March 2023
Effective 1 March each year, some of the fees and thresholds for the following products are reviewed and increased in line with movements in the Average Weekly Ordinary Time Earnings (AWOTE).
Details of the changes will be communicated to members in the Trustee’s annual report for the year ending 30 June 2023.
Below are the fees applicable to the RLA Personal Super Plan and RLA Allocated Pension from 1 March 2023.
RLA Personal Super Plan
|
Small account balance fee (per month) |
From 1 March 2023 |
As at 1 March 2022 |
|
Balances between $0 -$1,200 |
Nil |
Nil |
|
Balances between $1,201 - $10,000 |
$8.20 |
$8.05 |
|
Balances between $10,001 - $15,000 |
$4.10 |
$4.03 |
|
For the balance above $15,000 |
Nil |
Nil |
|
Large member balance rebate |
From 1 March 2023 |
As at 1 March 2022 |
|
Nil for the first |
$96,000 |
$94,000 |
|
0.20% pa for the next |
$96,000 |
$94,000 |
|
0.35% pa for the next |
$192,000 |
$188,000 |
|
0.50% for the balance above |
$384,000 |
$376,000 |
RLA Allocated Pension
|
Large member balance rebate |
From 1 March 2023 |
As at 1 March 2022 |
|
Nil for the first |
$267,000 |
$261,000 |
|
0.20% pa for the next |
$177,000 |
$174,000 |
|
0.35% pa for the next |
$177,000 |
$174,000 |
|
0.50% for the balance above |
$621,000 |
$609,000 |
What you need to know
Any advice on this website is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), and is general advice and does not take into account your objectives, financial situation or needs. Before acting on this advice, you should consider the appropriateness of the advice having regard to your objectives, financial situation and needs, as well as the relevant product disclosure statement and/or policy document, available from Resolution Life at resolutionlife.com.au or by calling 133 731, before making a decision on whether to acquire, or continue to hold, the product.
The Target Market Determinations (TMDs) for our financial products (where applicable) can be found at Target Market Determinations (TMDs). The TMDs describe the key features and attributes of an applicable product that affect whether it is likely to be consistent with the objectives, financial situation and needs of consumers in the target market.
Resolution Life is part of the Resolution Life Group and can be contacted via contact us or by calling the phone number mentioned above.
