Fees. Don't let them eat into your future.
Did you know that a difference of just 1% in fees can make up to a 20% difference to your retirement income 30 years from now?
There can be big differences from fund to fund. That's why it's so important to do your research and consider a fund with lower fees.
Source: www.moneysmart.gov.au. For further details, including full list of assumptions, view the full case study at the Moneysmart website. Past performance is not a reliable indicator of future performance.
Fee Analysis: Research conducted by SuperRatings Pty Ltd, holder of Australian Financial Services Licence No. 311880. Analysis current as at April 2014, and limited to the member, administration and investment management fees of 318 retail, industry and government super funds. In conducting the analysis, the ANZ Smart Choice Super - 1960's diversified investment option has been compared against the main Balanced option of products contained within the SuperRatings database. Annual fees are calculated on a constant $50,000 super balance. Data used in the research from sources considered reliable. It is not guaranteed to be accurate or complete. For a copy of the SuperRatings research click here or call 13 12 87.
All fees are subject to change. Other key features are relevant when choosing a super fund, including performance.
Before re-directing your super or moving your money into ANZ Smart Choice Super and Pension, you will need to consider whether there are any adverse consequences for you, including exit fees, other loss of benefits (e.g. insurance cover) or increase in investment risks.
Taxation law is complex and this information has been prepared as a guide only and does not represent taxation advice. Please see your tax adviser for independent taxation advice.
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