Examlex
If the amount paid to the defined contribution fund by an entity during the year is less than the amount payable in relation to service provided by employees, the entity must recognise:
Back-end Load
A fee paid by an investor when shares are sold, typically used in mutual funds, where the fee decreases over time the investment is held.
Annual Fees
Refers to the yearly charges associated with having an account, typically found in credit cards or investment accounts, to cover account management services.
12b-1 Fees
These are annual fees charged by a mutual fund to cover marketing, distribution, and sometimes administrative expenses, directly reducing the fund's return to its investors.
Management Expenses
These are fees paid out of fund assets to the fund manager for investment management and operational services, including administrative and overhead costs.
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