Choosing a super fund

Most Australians have the right to choose a super fund, rather than rely on the choice made by their employer. Choosing a super fund is an important decision. You can learn more about assessing your current fund, how to compare super funds, and what to do if you want to change super funds.

Fund choice is different from investment choice, which means a person has a say over where a fund invests his super money.

Set out below are all SuperGuide articles explaining Choosing a super fund.

MySuper: Now at a super fund near you

If you believe the federal government’s public relations campaign, MySuper can deliver you the equivalent of nirvana in superannuation – low fees, strong investment performance, financial security and a worry-free retirement.Pardon? You haven’t seen the government’s MySuper publicity campaign? I … [Read more...]

MySuper: 116 super funds now available

Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly if any additional MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). This article last updated on 16 September 2015. If you are looking for … [Read more...]

Super for beginners, part 13: Why pick one industry super fund over another?

Q: I know that industry super funds generally have a good performance – particularly because of low fees, but I wondered, what is the benefit of picking one for your particular industry? I understand how people in some industries may have similar needs but is that really true these days in terms of … [Read more...]

Super for beginners, part 2: My first job

Q: I am 16 years of age. I still go to school but I have just started my first part-time job. Do I get any superannuation? And if I do, where does it go?Congratulations on your first job. You ask two questions about your super entitlements:Am I eligible for Superannuation Guarantee? What … [Read more...]

Fee hike for small super accounts

If you have less than $1000 in your super account, or you have children or grandchildren with part-time jobs (or starting their first full-time job), then you will be very interested in this article.Effective since 1 July 2013, the federal government abolished the ‘member protection’ rule which … [Read more...]

Super in 3 steps: You’re probably richer than you think

If you have more than one super account you’re probably paying more in fees than you need to, and possible having insurance premiums deducted from each of your super accounts. Paying at least double (and triple if you have 2 super accounts) in fees and insurance is not a great retirement planning … [Read more...]

Super for beginners, Part 1: I’m new to Australia – help me!

Q: I’m new to Australia and I have no idea where to start with my super in order to have the best outcome 40 years from now. So far, I have had my super spread between 3 industry super funds, as organised by temp employment agencies. I know this is not the way to continue, but I am not sure who to … [Read more...]

Super for beginners: 8 steps to super success

Merely thinking about your super means you’re straddling the first major hurdle that most Australians face when planning (or not) for their retirement and looking into your future.As an employee, you have your employer helping you with your retirement plans by making compulsory super … [Read more...]

Super for beginners: Top 10 must-know facts

Nearly seven years ago, in January 2009, we launched the SuperGuide website, and in March 2009 we published the first monthly SuperGuide newsletter. Since that time we have received thousands of questions, from our millions of visitors, on different aspects of superannuation. We try to represent as … [Read more...]