Have you compared the pair?
Choosing an Industry SuperFund could make a big difference to your retirement.
Not sure what the difference between an Industry SuperFund and a retail super fund is? Click here.
Compare your super
Could you have been better off?Choose an Industry SuperFund
See all of the Industry SuperFunds here
An important difference is that Industry SuperFunds are run only to profit members, while banks and insurance companies use their super funds to generate corporate profits, which are returned as dividends to shareholders, not members. Think about that next time you hear that a bank has made record profits.
Some retail or bank owned super funds are promoting “low fee” or “no fee” super products these days. While it is important to avoid paying unnecessarily high fees on your super, it is even more important to look at net benefit. Net benefit is a fancy term for investment performance minus fees and taxes, so better net benefit means you will have more money in your super account. And that’s what’s really important.
Compare the net benefit of the average Industry SuperFund against the average retail super fund over the past 5, 10 and 15 years here to see the difference for yourself.
* Past performance is not a reliable indicator of future performance and should never be the sole factor considered when selecting a fund your personal financial situation, needs or objectives are not accounted for in this information.
ISA Pty Ltd ABN 72 158 563 270 Corporate Authorised Representative No. 426006 of Industry Fund Services Ltd ABN 54 007 016 195 AFSL 232514.