Superannuation Advice
Superannuation Advice: The Right Fund, The Right Option, Chosen Once.
Super is the biggest investment most Australians will ever have, and most of the important decisions only need to be made once. I tell you which fund, which option and what to contribute. I am not paid by any of them.
$330, credited against your advice fee. If you do not need advice, I will tell you.
Four consultations a week.
In A Retail Fund, Or One Your Employer Picked?
This is most of the people I see. No adviser, no platform, just a super fund they ended up in and never looked at again.
Some retail funds are fine. Many charge more than the large profit-to-member funds for a similar job, and the difference comes out of your balance every year whether you notice or not. The only way to know is to add up what yours costs in dollars and compare it.
I do that with you, then tell you plainly whether to stay or move, and into which option.
What Actually Matters
The industry makes super sound complicated. It is not. Four things drive nearly all of your result.
- 1. Your investment option. Picking the right option for your age matters more than picking between good funds. It is the single biggest driver of returns.
- 2. What you pay. Fees compound against you every year. This is the part an adviser on a percentage has no reason to fix.
- 3. What you put in. The right contributions, at the right time, can save a lot of tax.
- 4. Leaving it alone. You pay your super fund to stress for you. Let it.
I Am Not A Cheerleader For Any Fund
I favour low-cost industry funds because the numbers favour them, not because anyone pays me to. A $200 billion fund gets a seat at tables your adviser does not know exist.
I also check them. I have published research questioning how some industry funds value their unlisted property. If a fund I like does something I do not, I say so.
What Super Advice Covers
- Whether your current fund is good enough, or what to move to
- Which investment option, now and as you age
- Consolidating multiple funds without losing insurance you need
- Salary sacrifice and personal contributions
- Spouse contributions and contribution splitting
- Insurance inside super: what to keep and what you are overpaying for
- Beneficiary nominations
What Does An Extra 1% A Year Cost You?
Fees you do not need, or returns you are not getting. Put in your own numbers.
Higher fees, weaker returns, or both. Compare your fund's fees and returns with a low-cost alternative to find yours.
- With the extra cost
- $1,603,568
- Without it
- $1,934,842
Illustration only. Assumes 7% a year before the extra cost, no contributions or withdrawals, no tax and no inflation. Not a forecast and not personal advice.
Which is the best super fund?
There is no single best fund, and anyone who names one without knowing your situation is guessing. There is a short list of large, low-cost funds that are very hard to beat, and the differences between them are small. Choosing the right option inside the fund matters more.
Should I consolidate my super?
Usually yes, because you stop paying two sets of fees. Check first that you are not giving up insurance you could not get again.
Is my adviser's super fund any good?
If it sits on a wrap platform, ask what you pay in total each year in dollars: the adviser, the platform and every fund inside it. Then compare that with what a low-cost fund would charge.
Do I need advice just for super?
If you have around $100,000 or more and have never had it looked at, full advice is usually worth it. If the consultation shows you do not need it, I will say so and you are done for $330.
Can I do it myself?
Often, yes. I am happy when people do. Advice is for when you want to be sure, or when contributions, insurance and tax make it less obvious.
Where are you based?
Level 12, 14 Martin Place, Sydney. I advise clients across Sydney and the rest of Australia by Zoom, Teams or phone.
General advice only. It does not take your objectives, financial situation or needs into account. Consider whether it is appropriate for you before acting on it.
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Book A Consultation
If you do not need advice, you find out for $330, not $6,600.
- 45 minutes with the adviser himself, not a junior
- A fixed quote on the call, if advice is warranted
- The $330 is credited in full if you proceed
Why $330 and not free? A free first meeting is usually paid for later, through ongoing fees. I would rather you paid once for my time and owed me nothing.
Pay $330 now. A consultation, not an advice session. Reschedule up to 48 hours before.