Guu Posted October 7, 2017 Share Posted October 7, 2017 Can't help but feel I'm being taken for a mug with my super annuation account. I received my statement a few days ago and I've been charged 202.10 and earnt 239.16 over a 6 month period. This is on a current balance of 8k Just doesn't sound good to me, what do you guys reckon. Quote Link to comment Share on other sites More sharing options...
Andrew from Vista Financial Posted October 9, 2017 Share Posted October 9, 2017 (edited) Hello Can you confirm what the charges have been deducted for and even what the name of the Super Fund is? Admin/member fees are normally percentage of fixed dollar, so based on percentage it would be much lower than this, usually a range between around 0.1% - 0.7% and fixed dollar typically $100 - $150 annually. Investment Management fees are implicit (meaning you wouldn't see them) and declared in the net returns stated in most cases. Are there any insurance premiums mixed up in those fees? The return is good, it's just under 6% annualised (however given the time period is so short then that could have been anything between -20% - +20% so I wouldn't worry about returns in such a short space of time (so long as they are relatively close to benchmark of course). Regards Andy Edited October 9, 2017 by Andrew from Vista Financial Quote Link to comment Share on other sites More sharing options...
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