Superannuation is one of the largest and most important investments you will make.
Ensuring that you choose a superannuation fund that matches your financial goals is crucial. Seeking professional advice from a financial
adviser can help you choose a fund and investment option, that aligns with your tolerance to risk, long-term financial aspirations and desired retirement lifestyle.
Think of Superannuation as an investment in your most valuable asset – your future.
Different super funds have different investment strategies, fee structures, and insurance options – some riskier, some more conservative.
Types of Superannuation
Retail Fund – offers flexibility with a wide range of investment options to choose from. Strategic investments such as Exchange Traded Funds (EFT’s) or managed funds can be incorporated into the investment mix.
Industry Fund – You may have heard of these funds from their marketing campaign ”from little things, big things grow” and the symbol 
.
These funds are often low cost, have a large member base and operate under a pooled investment structure.
Public Sector Funds – are for government employees working in a public sector. Think National, State or Local Government employees. These funds offer a modest range of investment choices for members.
Corporate Funds – are funds arranged by an employer for their employees. These funds typically offer ancillary benefits such as discounted memberships or insurances while you’re employed with the business.
Self-Managed Superannuation Fund (SMSF) – is a specialised retirement savings plan that allows you to steer your own investment strategy.
An SMSF may be right for you if you want:
- the ability to consolidate your Superannuation with others (i.e. family members)
- greater control over investment strategy
- flexibility and access to greater diversification
- to invest in property
- tax efficiency
- cost savings
Maybe you already have an SMSF?
My Wealth Garden is a leading provider of Superannuation and SMSF advice. We assist you in selecting the most suitable super fund based on your individual circumstances and help you navigate the complexities and regulations of Superannuation, including SMSF property investment (LRBAs).
