Choosing a super fund (fund choice)

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 (fund choice).

SMSFs outperform large funds over 8 years, just

Note: The ATO publishes an annual report about SMSFs for each financial year. This article covers the latest SMSF performance data available from the ATO, as at January 2016. The ATO will provide updated performance data (for year ending 30 June 2015) in late 2016.A common argument put forward … [Read more...]

SMSF basics: Can I run two super funds? (2 questions)

1. Running two DIY super funds Q: My wife is 58 and retired and she has her own self-managed super fund, where she has rolled over her super funds from various employers. She plans to start her SMSF pension soon. After starting her pension, could she also start another SMSF fund?A person can … [Read more...]

SMSFs: Enough super to justify SMSF running costs?

Note: This article analyses the cost-effectiveness of SMSFs for small, medium or large fund balances, examining both set-up costs and running costs. For further information on the latest SMSF costs see SuperGuide article links at the end of this article. The Australian Securities and … [Read more...]

Fund choice: Choosing a super fund without an adviser

The questions that Australians need to ask when considering seeking financial advice when selecting a super fund are: how do I find a good adviser, and how do I know the advice I’m getting is appropriate?One option for resolving the dilemma of finding a good adviser is not to get advice. … [Read more...]

Financial advice for super: Is it worth the money?

You don’t have to get advice when choosing super funds, or when considering making extra super contributions, or for any other financial matters. If you do want advice however, do some research on reputable advisers.Advisers deserve to be paid for providing advice but you have to decide how you … [Read more...]

SMSFs: Is DIY super right for you?

Running your own super fund is not necessarily a difficult task but you need to keep your wits about you. You may hear a lot a noise about DIY super, and sometimes from people who know nothing about super. Your best defence against bad advice is to start with your own research.The term, DIY … [Read more...]

SMSF trustees: Is your super fund ready for SuperStream?

If your SMSF receives super contributions from an employer, or employers, on behalf of SMSF members, then your self-managed super fund should be SuperStream-ready… yesterday!If you have just set up your SMSF and seeking information on how to make your SMSF SuperStream-ready, continue reading, … [Read more...]

Super rich tax? Trawling SMSF accounts to fix budget not the answer

Note: This article is an updated response to recent claims that superannuation tax concessions are directed towards the ‘super rich’. The federal government is considering significant tax reform, which is likely to include superannuation tax changes as part of that reform process. The relevant links … [Read more...]

Liberals response to Financial System Inquiry: Super and retirement summary

On 20 October 2015, the new Liberal leadership of the current Liberal government published their response to the Financial System Inquiry (FSI). For readers, it is safe to treat this response as a political document, drawing a line in the sand for the next federal election, due some time in … [Read more...]

SuperGuide checklist: 10 more ways to boost your super

Note: This is the second article in a special two-part series that SuperGuide updates regularly, designed to help SuperGuide readers plan for retirement. This article, and the first article in the series, Super checklist: 10 ways to save your super (link also appears at the end of this article), is … [Read more...]