Finding a fund that is the right match for you might take some work but it can mean that you’re in good hands for the future.
Can I choose my own superannuation fund?Most Australians are able to select their own super fund; however some industries and employer arrangements – and members of defined benefit funds – do not have the ability to choose their own fund.
Speak with your employer or the ATO to determine if you are able to choose your own fund.
How to compare different funds
Here are some of the most important things to look at when you are comparing funds:
Fees
The lower the fees and costs, the more money stays in your account and is able
to grow your retirement savings.
Learn more about fees and costs
Investment Options
A large selection of investments with different levels of risk and return will help your fund adapt to your changing needs as you grow older.
Service
If you need to contact a fund, understanding how their member services operate can be very useful.
Performance
Look at returns across several years to understand how a fund operates.
Insurance
Are the insurance offerings affordable and applicable to your situation?
What happens if I don’t choose a super fund?
If you don’t want to choose a super fund when you start a new job, you will generally be enrolled into the fund that is offered by your employer. If you have the ability to choose a fund, you can ask your employer to pay contributions to your nominated fund.Need more information?
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How do I know which investments to select?
Understanding your investments, and how you utilise your superannuation, enables peace of mind in the future.
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How do fees affect my superannuation account?
Learn more about fees and costs involved in our superannuation accounts.
