Home News Tips for comparing super

Tips for comparing super

Font size :
 
Q. I am currently using a superannuation fund that was chosen by my employer. Am I able to change it to a different fund? What sort of things do I need to compare when choosing a super fund?

A. Yes, you are able to choose your own super fund. Many Australians let their employer choose their super fund when they start at a new job and this is one of the reasons why so many people have multiple super funds, many of which they don’t know about. This means that many of us are paying an excessive amount of money in fees. That is why it is important that every time you start a new job, you let your employer know what super fund you would like to use.  

There are several things you can look at when comparing super funds. The product disclosure statement is a great place to look as it will give you the information you need. This includes:

•    Fees and costs
•    Death and disability benefits
•    Insurance premiums
•    Investment strategies available
•    Fund feature  and services

Make sure you also consider your own retirement plans and goals as this will influence what type of fund would be most suitable for you. 

With interest rates at their lowest for more than 50 years, there are some great rates available. The best thing to do is to compare rates from all the lenders. Let us help take the leg work out of doing this - Compare Home Loans now

Mortgage News and Articles

House prices return to more affordable levels in mining towns House prices return to more affordable levels in mining towns

While the end of the mining boom has had a negative impact on property prices, homes in the region have become more affordable Read more

Borrowers should anticipate a possible rate hike Borrowers should anticipate a possible rate hike Some experts advise borrowers to look for a fixed loan that allows extra repayments so that they can whittle down the balance sooner ... Read more

Why choosing the right mortgage is hard for first-home buyers Why choosing the right mortgage is hard for first-home buyers Many feel overwhelmed by the sheer range of products and interest rates on offer, a new survey reveals ... Read more

Mortgage applications drop in second quarter Mortgage applications drop in second quarter This marks the “beginning” of a downward trend, says Equifax executive ... Read more

More mortgage news and articles

Sponsored Links

Thursday, Jul 27, 2017
Top Featured Rates
Top Bank Rates

Get help choosing the right home loan

Whether you're a first homebuyer, looking to refinance, or investing, it's important to have the right loan for your needs. Just fill in a few details below and one of our trusted mortgage advisers will contact you.

A quick & easy way to find the right home loan
  • Purpose of mortgage
  • Household Income
    $
  • How much do you want to borrow?
    $
  • How much deposit do you have?
    $
  • How much is your house worth?
    $
  • How much do you still owe on your mortgage?
    $
  • What type of mortgage do you have?


  • How much is your new home?
    $
  • How much do you want to borrow?
    $
  • How soon do you want a mortgage?
Next
  • First name
  • Last name
  • Where do you live?
  • Phone number

Special Offers

Related Keywords