Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. Premiums and product information should be confirmed with the relevant insurance provider. Ratings are only one factor to take into account when deciding whether to make an investment. Canstar is not providing a recommendation for your individual circumstances. Top 10 Super Funds. On our ratings results, comparison tables and some other advertising, we may provide links to third party websites. RateCity compares superannuation products from 90+ Australian Superannuation funds. Other factors to think about include the advice and insurance offerings of the fund you are considering. Consider whether this advice is right for you. By submitting your details you will deal directly with an Aussie mortgage broker and not with Canstar. By signing up, I agree to Canstar's The table position of a Sponsored or Promoted product does not indicate any ranking or rating by Canstar. Postcode not found! These fees can be charged as a percentage of your overall balance, as a specified amount (which could vary depending on your balance), or as a combination of the two. By signing in, I am subscribing to receive Canstar's Rate Checker Privacy Policy Advice fees, which may be charged when you obtain advice from your superannuation provider. RMG is a wholly-owned subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 068 049 178 AFSL / Australian Credit Licence 237879. Pepper Group Limited ACN 094 317 665, Australian Credit Licence 286655 acts on behalf of Pepper. September 24, 2020. Compare like with like. Since 1 April 2020, this is now provided on an opt-in basis for new members who are under 25 or have a balance below $6,000. The performance and fee information shown in the table is for the investment option used by Canstar in rating of the superannuation product. QSuper sets different balance ranges, resulting in a different investment mix in some cases to that resulting from Canstar’s methodology – see details. Canstar may earn a fee for referrals from its website tables, and from Sponsorship or Promotion of certain products. Additional fees may apply to the product. While you will not be offered any single investment option, this is to take into account the different combinations of investment options SunSuper may apply to your account based on your age. Learn more about the best performing super funds in the following SuperGuide articles: term deposits and bonds) typically have lower fees, although the long-term returns may be less than that of a fund with 60-80% in growth assets. from leading lenders. By submitting this form you agree to Aussie's Privacy Policy. This fee covers the costs of managing your investments. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall or rise. Stay in the loop with Canstar's Home Loan updates, Low Fee Super Funds On Canstar's Database, highest ‘funds under management’ and a 60-80% growth asset allocation is used), Thanks for visiting Canstar, Australia’s biggest financial comparison site*. By subscribing to Canstar’s monthly Home Loans newsletter, you also agree to Canstar's Privacy Policy. This means super funds cannot change you a fee for moving all or part of your super balance to a different fund. The Superannuation Star Ratings in this table were awarded in March, 2020. emails and Home Loans newsletter. Or, you can compare the fees and features of various super funds on Canstar’s database. The table position of the Sponsored or Promoted product does not indicate any ranking or rating by Canstar. net of investment tax, investment management fees and the applicable administration fees based on an account balance of $50,000. appointed credit representatives, Australian Credit Licence 246786. Credit for Aussie Select products is provided by Residential Mortgage Group Pty Ltd ACN Not all superannuation funds in the market are listed, and the list above may not include all features relevant to you. When you're comparing super funds, weigh up fund performance and the fees you'll pay against other factors such as risk, investment returns, services and insurance. Please ensure you have entered a correct e-mail address. Past performance should not be relied upon as an indicator of future performance; unit prices and the value of your investment may fall as well as rise. Our list of top performing super funds may help you get an idea of which funds on Canstar’s database have historically performed well. Because of this, when considering super funds, it is a good idea to take into account the fees that are charged along with the fund’s long-term performance, but also keep in mind the insurance and quality of advice that’s on offer can vary greatly between providers. Canstar’s superannuation comparison selector. View the Canstar, Superannuation Star Ratings Methodology and Report. For more information please see, Fee, performance and asset allocation information shown in the table above have been determined according to the investment profile in the, Some providers use different age groups for their investment profiles which may result in you being offered or being eligible for a different product to what is displayed in the table. Click here for additional important notes and liability disclaimer. Since the year 2000, Australian super fund members have forked out at least $362 billion in fees for the management of their super savings, according to 2020 research from consultancy firm Rainmaker. Canstar is an information provider and in giving you product information Canstar is not making any suggestion or recommendation about a particular insurance product. Investments Pty Ltd ABN 27 105 265 861. Credit and any applicable offset accounts for Aussie Elevate are issued by Bendigo and Adelaide Bank Limited ABN 11 Consider whether this advice is right for you, having regard to your own objectives, financial situation and needs. 152 378 133, Australian Credit Licence 414133 ("RMG"). You can also check your credit score for free. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Use Canstar’s superannuation comparison selector to view a wider range of super funds. Switching fees, if moving from one investment option to another. The amount you pay can vary greatly depending on your age, account balance, investment type and the super fund you are with. Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Buy/sell spread fees, which may be charged by some super funds to pay for the transaction costs incurred when they buy and sell investment assets, such as shares or listed property (which happens every time you or your employer make a contribution to your super account or when you switch investment options). Performance information shown is for the historical periods up to 31/08/2020 and investment options noted in the table information. This advice is general and has not taken into account your objectives, financial situation or needs. Consider the Product Disclosure Statement before making a purchase decision. Premiums are automatically taken out of your super balance and you can opt out of this insurance if you want. These results are general advice only and not personal financial advice. Credit services for Aussie Elevate products are provided by Of this super fee bill, about $240 billion was collected for investment management, while the remaining approximate $120 billion was taken for fund administration costs. Super funds of the year awards: Best super funds for 2020. You may need financial advice from a qualified adviser. Start typing, then select your suburb from the list. Article originally published by William Jolly on 20 March 2018. © Copyright 2020 CANSTAR Pty Limited AR 443019All Rights Reserved, *We are Australia’s Biggest Financial Comparison Site. By This could be for a range of needs, such as choosing an appropriate investment option, deciding on a suitable level of insurance cover, or looking at what type of retirement lifestyle you can afford. It may vary based on your choice of investment and is usually charged as a percentage of your overall super balance. The investment fee is typically subtracted from the investment returns before the returns are added to your account, so it’s likely you wouldn’t notice it if the fund didn’t point out how much the overall performance of the investments was reduced due to this fee. Applications are subject to approval, fees and charges apply. Performance figures shown reflect net investment performance, i.e. . The cost of insurance within super will typically depend on factors such as your level of cover, your age and your occupation. May 19, 2020 by SuperGuide 1 Comment. net of investment tax, investment management fees and the applicable administration fees based on an account balance of $50,000. You may need financial advice from a suitably qualified adviser. You also agree to Canstar's Privacy Policy. The 20 best Industry Super Funds in 2020 ranked based on 2,898 reviews - Find consumer reviews on ProductReview.com.au, Australia's No.1 Opinion Site. All information about performance returns is historical. Performance, fee and other information displayed in the table has been updated from time to time since the rating date and may not reflect the products as rated. Not all lenders are available through all brokers. Compare top performing super fund rates, fees, performance and more. Fees payable by product providers for referrals and Sponsorship or Promotion may vary between providers, website position, and revenue model. The primary purpose of these links is to help consumers continue their journey from the ‘research phase’ to the ‘purchasing’ phase. Performance. See, SunSuper’s allocation of funds for investors aged 55-99 differ from Canstar’s methodology – see details. Along with a fund’s long-term performance, fees can make a considerable difference to what you are left with in your super balance when you retire. Follow Canstar on Facebook and Twitter for regular financial updates. As well as the fees outlined above, there are additional fees that may be charged to be aware of, including: Exit fees are now banned. Use Canstar’s superannuation comparison selector to view a wider range of super funds. If customers purchase a product after clicking a certain link, Canstar may be paid a commission or fee by the referral partner. As with the investment fee, the performance fee is subtracted from the investment returns before the returns are added to your account. Please ensure that you read the product disclosure statement to determine all the current options and inclusions for the product you are considering. The table below shows some of the super funds on Canstar’s database for someone aged 50-59 with a super balance of $500,000 and are sorted by annual cost (lowest to highest). When you open a super account, you will need to pay a range of different fees to your fund, including those for investment management and administration, which are deducted from your super balance. It is not personal advice.

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