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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 |
Important information
Where the information on this website is factual information only, it does not contain any financial product advice or make any recommendations about a financial product or service being right for you. Any advice is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), 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 product disclosure statement and policy document for the product. Any guarantee offered in the product is only provided by Resolution Life. Any Target Market Determinations for our products can be found at resolutionlife.com.au/target-market-determinations.
Resolution Life does not make any representation or warranty as to the accuracy, reliability or completeness of material on this website nor accepts any liability or responsibility for any acts or decisions based on such information.
Resolution Life can be contacted at resolutionlife.com.au/contact-us or by calling 133 731.
