Review Super Fees
Have you ever thought about how superannuation fund fees will effect your retirement savings over your lifetime? The difference between a low fee and a high fee super fund can be the difference between retiring comfortably and relying on the age pension. If invested in a high fee super fund, the average Australian would be over $300,000 worse off by the time they retire! These fees are taken out of your fund and can therefore have a detrimental impact on your retirement savings. Review My Super can make sure you’re in a low fee fund.
This graph shows the effect fees have on the typical balance of an individual earning the average income and invested in the average performing superannuation fund over a 40-year period. Here, you can see the difference between a fund with low fees (0.5%), moderate fees (1.5%) and high fees (2.5%).
