Superannuation Managed Funds

You might be quite pleased to find out just how much you have saved into your superannuation managed fund, but are you missing out on money that could be in your pocket? Find out what entry fees you are being charged.
Nearly everyone who works full-time has access to superannuation managed funds because it is a legal requirement for employers to place 9% of their employees’ salaries into a managed fund. This sounds like a great idea and will no doubt be of benefit once retirement is reached, but exactly how much money are you missing out on by paying entry fees?

Many superannuation managed fund managers deduct a whopping 4% or 5% from each and every contribution, whether that is from yourself or your employer. While it may not sound like much on an individual contribution, when you add it up over the lifetime of the fund, it comes to many thousands of dollars that would be better off in your own pocket.

What can you do about this? It is as simple as changing your investment broker to one that charges no entry fees. The superannuation managed funds don’t have to be changed, nor do the investments have to be changed. Simply by nominating a different investment broker, you will be able to save 100% on your entry fees and you may even be able to get a rebate on the fees you’ve already paid.

Why throw money away when you don’t have to? Go online and search for the investment broker company that is happy to rebate entry fees on all superannuation contributions.
Mel writes about superannuation managed funds, diy superannuation among other finance topics.