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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).

Super for beginners: Top 10 must-know facts

Nearly eight 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...]

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 11: Is my super fund good enough?

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...]

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? … [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 fees: Top 10 cheapest funds in Australia

Note: This article contains the latest available fee information. In this article you can find the cheapest super funds and the cheapest super pension funds. We update this article periodically with fee data issued by SuperRatings, and for pension funds, by SelectingSuper. Latest update was August … [Read more...]

Retirement performers! Top 30 pension funds over 5 years

Note: This article lists the 30 top-performing pension (retirement) funds over 5 years to 30 June 2016. For the top-performing super funds, see SuperGuide article Super stars! Top 30 super funds over 5 years.Discovering the best-performing super funds is always fascinating reading (at least for … [Read more...]

Super stars! Top 30 super funds over 5 years

Note: This article lists the 30 top-performing super funds over 5 years to 30 June 2016. For the top-performing pension (retirement) funds, see SuperGuide article Super performers! Top 30 pension (retirement) funds over 5 years.The investment performance articles on the SuperGuide website are … [Read more...]

Financial advice guide: What to expect when you talk to an adviser

Once you decide you need help from a financial adviser, for many people the process of actually getting professional assistance with their finances remains a mystery.Despite what you may think, financial advice is a two-way conversation. You need to do a bit of homework beforehand and give the … [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 possibly 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...]

SMSF trustees: Is your employer and fund ready for SuperStream?

Update:  Employers with 19 or fewer employees had a deadline of 30 June 2016 to be set up for SuperStream , but on 22 June 2016, the ATO extended this deadline to 28 October 2016. Note that employers with 20 or more employees were required to be set up for SuperStream by 30 June 2015, and this … [Read more...]