Where is your Super going?

Did you read the Sunday Telegraph on April 23rd 2017? If you missed it, not to worry, here is an overview of the article on page 8…

 Six of Australia’s largest Industry Superannuation Funds have all paid more than $5 Million to unions in the past 10 years.

When you look at the statistics, there are roughly 5 million Australians who have industry Super Funds but only 15% of workers belong to a union. It makes you think about what they are doing with your Superannuation, doesn’t it.

If you would like more information on choosing a Superannuation Fund that is right for you, visit ASIC’s MoneySmart website at: https://www.moneysmart.gov.au/superannuation-and-retirement/how-super-works/choosing-a-super-fund

Here you will find information on how to set up a Super Fund, what to look out for when comparing Super Funds and how to change your Super Funds.

Should you wish to set up your own Self Managed Superannuation Fund and require Tax Advice, please contact A Grade Tax on (02) 4731 1405.  

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