W8ENN Posted January 8, 2013 Share Posted January 8, 2013 Help!! My brain has melted after too much choice??? Who does everyone use for super and why? There are too many companies to choose from, are they all pretty much the same? Link to comment Share on other sites More sharing options...
Flathead Posted January 8, 2013 Share Posted January 8, 2013 Help!! My brain has melted after too much choice??? Who does everyone use for super and why? There are too many companies to choose from, are they all pretty much the same? I think I have four different super schemes and don't understand any of them.......luckily they are not worth much and I do not need to rely on them Link to comment Share on other sites More sharing options...
fish.01 Posted January 8, 2013 Share Posted January 8, 2013 A long term recommendation we often hear is to use "industry funds" as they have lower fees. Retail master trusts have far more bells and whistles but they usually come with far higher fees. One industry fund I have noticed that often finishes top or near top of the polls is Australian Super. In Qld I use SunSuper and QSuper which both rate well. Consolidating into as few funds as possible reduces your fees. Bring your fund with you to each job and tell them ASAP what your fund is - as you may start near the pay cycle and if you miss the deadline they will put you in their default fund then you have to get the money back You also should consider the standard TPD/Life insurance that comes with the fund. And (usually optional) income protection. Link to comment Share on other sites More sharing options...
W8ENN Posted January 8, 2013 Author Share Posted January 8, 2013 Yes, I've been looking at industry funds. There's one that stood out HESTA any experience with that? Link to comment Share on other sites More sharing options...
fish.01 Posted January 8, 2013 Share Posted January 8, 2013 Yes, I've been looking at industry funds. There's one that stood out HESTA any experience with that? No sorry...this site has some personal experiences: http://www.productreview.com.au/c/superannuation-funds.html Link to comment Share on other sites More sharing options...
Flathead Posted January 8, 2013 Share Posted January 8, 2013 Yes, I've been looking at industry funds. There's one that stood out HESTA any experience with that? One of my funds is HESTA and they seem to have performed better than the others.......but I have not had any of them very long and have paid more money into HESTA Link to comment Share on other sites More sharing options...
W8ENN Posted January 8, 2013 Author Share Posted January 8, 2013 Thanks, I'll have a look now Link to comment Share on other sites More sharing options...
whoiam Posted January 8, 2013 Share Posted January 8, 2013 Can anyone put into industry funds? Or is it limited to employees or such? Link to comment Share on other sites More sharing options...
W8ENN Posted January 9, 2013 Author Share Posted January 9, 2013 The ones I've looked at anyone can put in Link to comment Share on other sites More sharing options...
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