Australia’s superannuation system is getting fidgety. Currently, under government review, the 28-year old sector seems to be in dire need of a good old-fashioned detox.
One major drawback of its age is its increasing reliance on heightened fees, alongside a seedy supply of underperforming funds.
Of course, some funds are better than others – with the Productivity Commission recommending all new workers have access to an independent “best in show” list of the top performers.
All this leads to the question of how your super fees compare. Are you getting a good deal, or does the financial hit leave you feeling a little strung out? Are you even aware of what you’re being charged?
If you want to regain some control, there’s always the DYI approach of a self-managed super fund. Although all funds will incur certain fees, SMSFs may give you the fix you’ve been looking for by helping to increase your nest egg faster.
With an SMSF, you have more say in how you invest your money. And, luckily, GSA has a proven superannuation investment strategy that will blow your mind.
By injecting your super into our property syndication plan, you can boost your retirement savings by doubling your money in around five years. Now, that sounds like my kind of high. Give us a call today to find out more.