Superannuation is like any long-distance journey; you want to make sure you know where you are headed and how to reach it. That includes finding a vehicle that’s fit for purpose. Otherwise, you could end up short of funds to enjoy your destination – retirement.
When comparing funds it’s important to consider the following:
- A fund’s default (MySuper) option may be a good option but also review whether other investment options could better suit your risk tolerance or other preferences
- Past performance is no guarantee of future returns, but you can have more confidence in a fund with a track record of above average returns over at least five years
- Small differences in fees can add up to a big dent in returns over the life of your super
- Don’t forget your insurance needs, and look at the fund website to understand the advice and guidance the fund can help you with
SuperGuide partner Finder have analysed fees and returns for more than 50 super funds which you can search through below.
