What can I invest my super in?
Table of Contents
What can I invest my super in?
The main asset classes super funds can invest in are shares, property, cash, bonds and other fixed interest investments, private equity, infrastructure and other so-called alternative investments.
What is the best super fund in Australia 2021?
Best-performing super funds 2021
| Super fund | 10-year return (p.a. to June 2021) |
|---|---|
| AustralianSuper Balanced | 9.7\% |
| Hostplus Balanced | 9.7\% |
| Cbus MySuper | 9.6\% |
| UniSuper Balanced | 9.5\% |
What is the best super fund in Australia 2020?
Best and worst performing growth super funds
- Australian Super – Balanced.
- UniSuper – Sustainable Balanced. 10.2\%
- Fiducian – Balanced. 9.9\%
- Aware Super – Growth. 9.8\%
- IOOF – MultiMix Balanced Growth. 9.7\%
- UniSuper – Balanced. 9.6\%
- Lutheran Super – Balanced Growth (MySuper) 9.5\%
- Victorian Superannuation – Growth (MySuper) 9.5\%
Is it better to put money in shares or super?
So if you’re young and want to access your returns immediately or sooner rather than later, investing in shares may be a better idea. However, if you prefer to save for a more comfortable retirement, putting your money into super will be a better way to guarantee safer returns.
What super fund does Woolworths use?
Superannuation for Woolworths employees – LUCRF Super.
What is the cheapest super fund in Australia?
Cheapest MySuper products
| Fund name | Total fee on a 50k balance | Five year annualised net return on 50k balance |
|---|---|---|
| ANZ Australian Staff Superannuation Scheme | 0.71\% | 7.94\% |
| Meat Industry Employees Superannuation Fund | 0.72\% | 8.77\% |
| AustralianSuper | 0.77\% | 9.58\% |
| Australian Meat Industry Superannuation Trust | 0.81\% | 7.70\% |
Is ANZ super good?
ANZ Smart Choice Super’s growth, balanced and conservative options have all under performed the median. Fees are about average for My Super options. Morningstar have given it a 3 out of 5 star rating. Based on this evidence, it would be difficult to declare it a good super fund.
How do I choose a super fund in Australia?
What to look for in a super fund
- Performance. Compare your fund’s investment performance over at least five years.
- Low fees. All super funds charge fees.
- Insurance. Super funds typically have three types of insurance for members:
- Investment options.
- Services.
- What to do if your MySuper product is underperforming.
How do I invest my superannuation savings?
A key one is how to invest your hard-earned super savings. Most super funds offer a range of super pension products, so you have lots of choices when it comes to investment options. To help you navigate the maze, SuperGuide has created a simple guide to the main investment options.
What happens if I don’t select an investment option when starting Super?
If you don’t select an investment option when you start your super pension, your super fund will normally invest your account balance into a default option (usually a Balanced or Conservative Growth investment option). Some super funds automatically switch you into a more conservative investment option with less growth assets as you get older.
How do I know what type of super fund I’m in?
You can check your annual statement, login online or call your super fund to find out which investment option you are currently in if you’re not sure. If you decide there’s possibly one or more options better suited to you at this point in time, super funds generally offer a range of investment options to choose from.
Should you play a role in how your super is invested?
Just because we may be compelled to have superannuation, is no reason to leave it to its fate. In fact, playing a role in how your super is invested is one of the key ways we can influence its outcome. Here we break down the key concepts to help you gain confidence with the investing side of super. What is investing in superannuation?