Fees on your superannuation | Charges on your super fund.Superannuation is an Australian government-regulated investment
vehicle designed to provide retirement benefits to Australian citizens
and residents in the form of compulsory contributions made during their
working career.
Lower your superannuation fees for higher returns.Because the idea of superannuation is to maximize your benefit upon retirement, it is important to select funds which charge low to reasonable fees. Fees, in effect, are taken out from any investment returns you have made which means less money in your pocket at the end of the day. The higher your fees are, the harder your fund investments will need to work to provide adequate returns.Calculations have shown that even a 1% percent increase in fees could result in 20% less money for you to retire with. Depending on the level of income during your working life, this could be in the vicinity of tens to hundreds of thousands of dollars. To find out about all possible charges and fees associated with a fund, be sure to obtain a copy of their product disclosure statement which should be issued to you upon request. Product disclosure statements are required to disclose all applicable
fees in a standard format and also provide an example of the calculation
of these fees. |
|
Adelaide Web Page Design | Unemployed Loans | Sitemap | My Sites | Other Resources |
Resources and articles about Fees on your superannuation | Charges on your super fund are protected by their respective authors.