Here’s the latest in a series of articles from industry super fund, First Super, with tips to help you make the most of your super. The second article looks at how to check that you’re getting a good deal with your fund.
Step 2 – Make Sure You’re Getting A Good Deal!
Taking a little time to compare what your fund offers compared with others in the market could make a big difference to your super account and reaching your retirement goals.
Quick wins include checking:
- Fees – the lower the fees, the more money stays in your super account to be invested. First Super, for example, does not charge fees for general and intra-fund financial advice.
- Returns – look at the fund’s investment performance over 5 to 10 years, not just last year’s best performer.
- Service – what does the fund offer in terms of advice, education, and support both over the phone and online?
- Investment options – does the fund offer options that match your comfort with risk and suit your needs?
And doing this is now so easy, as funds supply these details on their website, in their product disclosure statements, or over the phone.
First Super is here to help
First Super has a team of Business Development Managers and Workplace Coordinators based around the country. They can visit your workplace to help to explain your options and support with completing forms, as well as providing general advice and running information sessions.
To book a call or meeting, or for any other super queries, contact the Member Services Team on 1300 360 988 or mail@firstsuper.com.au.