Have you tried the new Super comparison tool created by the ATO?
It’s called YourSuper and displays a table of 80 MySuper products ranked by fees and net returns (updated quarterly).
It allows you to select and compare in more detail up to four MySuper products at a time and provides links to help you consolidate your super accounts.
YourSuper Personalised version
To access a personalised version of the tool which allows you to view and compare your existing MySuper products:
- log in to ATO online services through myGov
- go to the Super drop-down menu and select Information, then select YourSuper Comparison.
YourSuper Non-personalised version
To access a non-personalised version of the YourSuper comparison tool without logging into myGov click here.
Self Managed Super Fund (SMSF)
The other option you may like to consider is a Self Managed Super Fund.
A self-managed super fund (SMSF) is a private super fund that you manage yourself. SMSFs are different from industry and retail super funds. When you manage your own super, you put the money you would normally put in a retail or industry super fund into your own SMSF. You choose the investments and the insurance.
If you’re still unsure about your super options and would like to learn more don’t hesitate to contact your STS Accountant. Just one conversation can change your financial future.