Have you lost your job because of COVID-19?
FairVine Super will halve your fees this year while you’re out of work.
If you’re a member of FairVine Super and you lose your job because of the COVID-19 crisis, we will rebate half of your fees* until you start earning superannuation again (up until the end of 2020).
And, if you become a new member of FairVine, you can enjoy the same fee reduction – even if you’ve already lost your job because of the COVID-19 crisis.
Here’s how much you save
If you have $50,000 in your super, and you’re out of work from April to December, your extra super savings will be $225.
And if your balance is $100,000, the extra saving will be $450.
If you’re an existing member: Simply email firstname.lastname@example.org and let us know that you’ve lost your job. Or call us on (02) 8322 8199. All conversations will be handled with care and discretion.
All conversations will be handled with care and discretion.
What happens next?
Absolutely nothing… until the end of the year.Then we’ll calculate how long you were out of a job (and not contributing to your super) and pay the fee savings to your Super account.
Who is eligible for FairGo?
Currently, any new/existing member is able to apply for FairGo! If you lose your position, regardless of whether you are a full time, part-time or a casual worker, you are eligible for the FairGo rebate.
How do I apply?
To apply, simply email email@example.com and let us know about your situation, or get in contact at (02) 8322 8199.
We understand it is a sensitive discussion to have, and we will ensure that your request is handled with integrity.
What fees are refunded?
All FairVine Super administration, investment management and indirect fees. This means your total fees will drop from 1.2% to 0.6%. You can find out more about these costs on our FAQ page. You can also read more about our fees by accessing the FairVine Super PDS.
Please note, the refund excludes optional insurance costs, as well as buy-sell spread fees when joining or leaving the fund. You can also read more about our fees by accessing the FairVine Super PDS.
Do I need to notify you once I find work again?
No, you don’t. We will apply the fee rebate up until we receive an employer paid contribution into your account, or up until the 31st of December 2020.
Terms and Conditions
The FairGo rebate (or, The Offer) is a special rebate provided by Human Financial (trading as FairVine Super) in order to alleviate the pressure from individuals who have experienced financial hardship as a result of the COVID-19 crisis.
The Offer entitles the member to receive a 50% rebate in their membership fees (excluding insurance costs & optional buy-sell spread fees) – reducing fees from 1.2%, down to 0.6%.
The FairGo rebate will be calculated within 31 days of the 31st of December, 2020. The fee rebate will be paid directly into the member’s account in arrears.
This means that fees will continue to be deducted, and then will be repaid into the member’s account at the end of the offer period. The rebate shall be applied up until the 31st of December 2020, or on a pro-rata basis calculated from when the application is accepted, until an employer contribution is paid into the account.
Human Financial (trading as FairVine Super) provides the FairGo offer in good faith, and reserves the right to modify or rescind the offer in circumstances of misuse.
* Fee rebate excludes optional insurance costs & buy-sell spread fees.