UPDATED SUPER FUND RANKINGS
See where your fund ranks over 8 timeframes. Now updated to 31 March 2024.
- Super fund rankings: All Growth category (96–100%)
- Super fund rankings: High Growth category (81–95%)
- Super fund rankings: Growth category (61–80%)
- Super fund rankings: Balanced category (41–60%)
- Super fund rankings: Conservative category (21–40%)
IN CASE YOU MISSED IT
See also our coverage of this week’s Federal Budget.
2024 year-end superannuation tips and traps
Thursday 23 May 2024 at 11:00 am AEST
Year-end strategies and procedures to get the best outcomes from your superannuation before the end of the 2023-24 financial year.
Q: I have read your articles about the government co-contribution to super of up to $500 but I am left with one issue that is unclear. Can I meet the 10% of income threshold through a combination of wages/salary and what is these days termed the ‘sharing economy’? In my case, I care for animals in various ways and earn a limited income via a platform named “Mad Paws”. These are earnings for work done, but not a traditional form of salary.
A: To meet the 10% test you must have at least 10% of your income from employment related activities or carrying on a business.
The ATO indicates this includes business income earned as a sole trader or in a partnership, which would include income earned in the sharing or gig economy, as long as it is declared as such on a tax return.
Learn more about the co-contribution.
If you’re looking for more control over the investments in your super, perhaps you’re thinking of going self managed. Before you take the leap, and make the time commitment, consider how member-direct options in large funds compare with an SMSF.
Important: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions.
Superguide Pty Ltd ATF Superguide Unit Trust as a Corporate Authorised Representative (CAR) is a Corporate Authorised Representative of Independent Financial Advisers Australia, AFSL 464629.
