Fees and Expenses

The Management Company charges Fund Members the following service fees in line with Tariff Rulebook and Rulebook on modifications and amendments to the Tariff Rulebook:

1. Fee charged upon payments of pension contributions: 2.8% of the value of the amount paid.

Exceptionally, fee for one-off and periodical payments of pension contributions for natural persons amounting to:

  • 100.001,00 RSD - 500.000,00 RSD is calculated at the rate of 2,60% of the value of the payment made;
  • 500.001,00 RSD - 1.000.000,00 RSD is calculated at the rate of 2,35% of the value of the payment made;
  • 1.000.001,00 RSD and more, is calculated at the rate of 2,10% of the value of the payment made.

Exceptionally, fee for pension scheme organisers with penstion contribution payments amounting to:

  • 1.000.001,00 RSD - 2.000.000,00 RSD is calculated at the rate of 2,60% of the value of the payment made,
  • 2.000.001,00 RSD - 5.000.000,00 RSD is calculated at the rate of 2,40% of the value of the payment made,
  • 5.000.001,00 RSD - 8.000.000,00 RSD is calculated at the rate of 2,20% of the value of the payment made,
  • 8.000.001,00 RSD and more, is calculated at the rate of 2,00% of the value of the payment made.

2. Fee for the Fund management – 2% of the Fund net asset value per year.

The Fund management fee is calculated daily into the value of the investment unit so that Fund Members assets are not subsequently reduced from their accounts.

3. Fee for the account transfer – value of the actual transfer costs.

4. Other fees

For services provided by the Management Company to Fund Members on his/her request:

  • issuance of extraordinary statement of account,
  • issuance of Membership Agreement duplicate,
  • issuance of duplicate of Membership Card of the Fund managed by the Management Company,
  • assignment of the new PIN Code to the Fund Member to access the account through the Company’s web page,
  • other requests.

Maximum fee the Management Company may charge amounts to 1.000,00 RSD per request.