To cater for these different needs, most superannuation funds offer you a choice about how your superannuation money is invested. Funds offer a range of different investment portfolios you can choose from. You can also choose to spread your super money over multiple investment portfolios.

How do I choose the right superannuation fund?

Tips for super:

1. Look at the fund’s performance after the impact of fees and taxes.
2. Compare like with like and look at what the fund is investing in (e.g. shares and property, cash and fixed interest)
3. Try to use the same start and finish dates for each fund (performance will differ)

Is superannuation invested?

The money deposited into your superannuation account is then invested, and the growth reinvested, to help the balance grow. The idea is that, when you retire and no longer receive an income, you can access your superannuation, rather than relying solely on the age pension, to support your lifestyle.

What is superannuation investment?

Superannuation (or ‘super’) is money set aside while you’re working to support your financial needs in retirement. Your super is invested in a range of assets to help grow your balance so you can have the best possible retirement outcome.

Which super company is best?

Best performing super funds

What are the top 10 super funds in Australia?

What’s the best super fund in Australia?

Does superannuation come out of your pay?

It’s important to remember that the compulsory superannuation contribution does not come out of your pay – it’s an extra payment made by your employer on your behalf.

Which super fund performed best in 2020?

Unisuper
In 2020, Unisuper took out the Gold Fit Cat Fund award for the most top performing funds over five years. UniSuper manages over $80b of Australian’s superannuation investments, and after taking out the Silver spot last year, takes out the top prize with seven Fit Cat Funds.

How to choose the right investment option for your super?

How you choose to invest your money will depend largely on the type of investor you are. When it comes to super, there are three key considerations in choosing the right investment for you: How hands-on you want to be when managing your super How much investment risk you’re comfortable with 1. How long do you want to invest for?

What should I invest my superannuation money in?

For example, as you get closer to retirement you may want to be invested in assets that have less risk and lower growth but are more stable. Performance can be hard to judge, especially because superannuation is a long-term investment.

What do you need to know about super funds?

A document that financial service providers must provide to you when they recommend or offer a financial product. It must include information about the product’s key features, fees, commissions, benefits, risks and the complaints handling procedure. (PDS). Most funds allow you to change your super investment options online.

How is the value of a superannuation unit calculated?

Units are the way we work out how much your superannuation is worth. Unit price = the total value of assets in the investment option less fees, costs & taxes/the number of units issued in the investment options. Unit prices are calculated daily, based on the latest available market price, so they may fluctuate from day to day.