Low administration fees means more of your pension stays in your account.

An account-keeping fee of $1.15 is deducted from your account each week. This fee covers custodian fees, administration fees, trustee operating expenses and audit fees.

An asset fee is deducted monthly. This fee is calculated as a percentage of your total account balance. The amount depends on whether you have been a member of REST for five or less years (or you are a partner, including same-sex partner of such a member) when you take out your allocated pension.

The fee reduces in line with the scale below as the membership period increases:

If you or your partner was a member of REST for:	Your annual ongoing asset fee will be*
More than 5 years	0.10%
4-5 years	0.24%
3-4 years	0.38%
2-3 years	0.52%
1-2 years	0.66%
Less than 1 year	0.80%

*of your total account balance


Exit fees
REST does not charge an exit fee if you withdraw your total balance in a single instalment and the account is subsequently closed.
However if you withdraw part of your account balance in more than one instalment (ie you make a partial withdrawal), you incur a Benefit Payment Fee of $25 for the second and each subsequent withdrawal. REST does not charge a fee when making your pension payments.

Switching
There is a $20 charge for each investment option switch request. However the Trustee has currently waived this fee for the first switch in each financial year.

The Trustee will advise members of any changes to charges.