---
title: What are the fees associated with a TermPlus account?
description: There are no fees associated with setting up your account. The Target Rate is expressed on an annualised basis, net of any fees and costs. The underlying master portfolio of global investments that is
---

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# What are the fees associated with a TermPlus account?

There are no fees associated with setting up your account. The Target Rate is expressed on an annualised basis, net of any fees and costs. The underlying master portfolio of global investments that is used to fund the Target Rates paid to TermPlus accounts pays fees to underlying fund managers. These fees may impact the Income paid by TermPlus. Please refer to section 7 of the [PDS](https://termplus.com.au/pds/)for a breakdown of fees and charges that may be charged.

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