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: 117 super funds now available

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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 21 July 2015. Since 1 July 2013, super … [Read more...]

SMSF trustees: Is your fund ready for SuperStream?

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If your SMSF receives super contributions from an employer, or employers, on behalf of SMSF members, then you need to ensure that your self-managed super fund is SuperStream-ready. Effective from 1 July 2015, employers with 19 or fewer employees must use the SuperStream standard, although as the … [Read more...]

Super rich tax? Looting SMSF accounts to fix the budget

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Note: This article is in response to recent claims that superannuation tax concessions are directed towards the ‘super rich’. If you are concerned about being unfairly targeted by the current tax reform process, ensure you make a submission before Monday 1 June 2015. The relevant links to the tax … [Read more...]

SMSFs outperform large funds over 7 years

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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 February 2015. The ATO will provide updated performance data (for year ending 30 June 2014) in late 2015. A common argument put forward … [Read more...]

SuperGuide checklist: 10 more ways to boost your super

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Note: This article is the second in a special two-part series that SuperGuide updates regularly, designed to help SuperGuide readers more easily access the hundreds of questions and articles that we have published on the SuperGuide website. This article, ’Super checklist: 10 more ways to boost your … [Read more...]

Super for beginners, part 11: Is my super fund good enough?

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Q: I have my super with a major financial organisation. I’m wondering, are they a good company to be dealing with? I feel that their fees are a bit high: based on an investment amount of $300,000 the MER amount is $6,600 (2.2%) plus a monthly admin fee of $8.50. What are your thoughts on this … [Read more...]

Financial System Inquiry: Super and retirement summary

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On 7 December 2014, the federal government released the Financial System Inquiry (FSI) Final Report, a 320-page document providing recommendations on five main themes. The FSI committee and secretariat received 6,800 submissions and held hundreds of stakeholder meetings. The FSI crew also met with … [Read more...]

A key reason Australians leave large funds and choose SMSFs

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Not so long ago, many in the super industry predicted that Australia's love affair with SMSFs would fade, and some commentators announced that the number of SMSFs operating had peaked due to our small population. If I recall, that prediction was made when around 400,000 SMSFs were in existence. … [Read more...]

Super for beginners: 8 steps to super success

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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...]