Note: This article provides a complete list of official, authorised MySuper products. This list will be updated regularly as new MySuper products are authorised by the Australian Prudential Regulation Authority (APRA). From 1 July 2013, super funds can offer a new superannuation product called … [Read more...]
Four years ago, in January 2009, we launched the SuperGuide website, and since that time we have received thousands of questions, from our millions of visitors, on different aspects of superannuation. We try to represent as many questions as possible in the articles we publish, while also ensuring … [Read more...]
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 … [Read more...]
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 $8.44. What are your thoughts on this … [Read more...]
A common and reasonable question is, what does a good super fund look like? Professional rating companies, such as SelectingSuper, SuperRatings and Chant West, evaluate and rate Australia’s largest super funds against criteria such as: investment performance number of investment … [Read more...]
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...]
Q: I have worked in the Retirement Fund environment in South Africa for the last 25 years (training fund trustees for the last 10) and would like to explore the Australian Retirement Fund system as we are undergoing a Reform process in SA. Please could you help me with some questions? In … [Read more...]
Q: I was told this was the website to look up all my employer paid super contributions. I'm no good with technology, can't find it. Am I on the right track? I'm afraid that you're in the wrong place for your specific question, although our website can help you with lots of other superannuation … [Read more...]
Q: Do you know if anyone publishes a list of the largest super funds in Australia, and also possibly by amount allocated to the property sector? We have similar questions to your own on our website that we have published over the past few months, and the links for the most relevant articles are … [Read more...]
Q: I am about to start a new position. I am 67 years old and have a SMSF. My new employer has said I must join the super fund they use and cannot use my SMSF as they have too many employees. It was my understanding I could have the SCG paid to the Fund of my choice. Would you kindly let me know if … [Read more...]
Q: I am about to start a new position. I am 67 years old and I have a SMSF. My new employer has said I must join the super fund they use and that I cannot use my SMSF as they have too many employees to accommodate my choice. It was my understanding I could have my employer’s Superannuation … [Read more...]
Going solo in super is a long-term financial decision. A DIY fund may be a feasible option for an individual if they satisfy the following criteria: More than $200,000 in super savings Access to an adviser who knows a lot about DIY super Comfortable with the costs involved in setting up and … [Read more...]
On 24 November 2010, Bill Shorten, the Assistant Treasurer and Minister for Financial Services and Superannuation, announced the 18 members of the newly-formed Financial Advice Advisory Panel. The panel members are expected to improve the quality of financial advice that you receive, and basically … [Read more...]
If you run a small business and have employees, or work for a small business as an employee, then you should read this article. The Federal Government is launching a free superannuation clearing house for businesses that have up to 19 employees. The clearing house will be run by Medicare … [Read more...]
The investment managers and super funds have not yet signed off on the investment accounts for the 2008/2009 financial year (1 July 2008 to 30 June 2009), but based on interim figures, the returns on a typical superannuation account are in the red for a second year. Despite a rebound in the … [Read more...]
