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Which Super Fund?
Choosing the right fund could make tens of thousands of dollars difference to the money your employees will have when they retire. It’s a crucial decision and needs careful thought.
Questions to ask include:
- Does the fund charge fees to handle your company’s super?
- Does the fund pay ongoing commissions to financial planners?
- Does the fund charge exit and entry fees and what do these fees add up to?
- Does the fund have a long–term record of strong investment performance?
- Does the fund offer a range of investment choices?
- Does the fund provide simple solutions to help you meet your super obligations?
To do the right thing by your employees, you should compare the effect of different fees on your employees’ superannuation. Final payout comparisons can be made online by clicking through to a link to the ASIC website. You need to know the fees of the super funds you are comparing before you can use the calculator provided on the ASIC website.
Note that Industry Super Funds pay NO commissions to advisors, financial planners, agents or insurance companies. Industry Super Funds are run only to profit members.
To find 17 Industry Super Funds that could be right for your business, visit our funds listing page.