Turns
out that 8 out of 10 people accept whatever super fund their employer
recommends. Now, I’m no financial planner but that sounds
crazy!
From
my experience, the funds my employers in the past have recommended have
been attached to the big banks or are retail funds (which
generally have a reputation for charging high fees).
You
don’t rely on your employer to tell you what car or house to buy? So
why would you rely on them to tell you where to keep your superannuation
– a reserve of your funds that should one day amount to over $400,00!
When you change jobs do you:
When you change jobs do you:
- Accept the new super fund?
- Roll over money from old super funds?
- Provide details for your super fund when you start a new job?
Your
Superannuation nest-egg will be (for most) the biggest investment in
your life! Why would you not be engaged with where and who your money is
with?
Disclaimer: I am no financial planner, this is not financial advice. I am purely bringing to your attention questions you need to ask of yourself.
