@tas: yes<blockquote rel="TasBurrfoot"><blockquote rel="atchino"><blockquote rel="TasBurrfoot"><blockquote rel="TasBurrfoot">People, how are your super fund doing from last financial year?
As me and my wife are a big behind already in terms of super saving relative to local peers, we do a salary sacrifice every month in order to build up our retirement nest. Currently we are doing 7.5% of our gross salary.
Tax efficient din as that is taken our before tax and we only pay 15% of it - this is as oppose to your usual tax bracket.
It might change in the next couple of months depending on the situation (i.e. taking out a mortgage, having a family, etc...) but for now, this is what we are currently doing - lesser take home pay in lieu of a higher monthly super contribution.</blockquote>
I guess people are not too interested in their Super performance, ehehehe!! đŸ™‚
Happy Friday folks...</blockquote>
Financial adviser typical advice is to contribute to your SUPER as the current contribution by the company is not enough.
I also do salary sacrifice - para tax effictive.
If wife salary is below threshold, i contribute 500-1k para makuha yung $500 co-contribution ng government.
Kaso nagdadalawang isip ako na mag contribute since medyo nag kaka problem yata ang governmnt at tinaas ng tinaas nila yung maturity age ng SUPEr.
Before nasa 60... ginawang 65... ngayon yata 67 na dahil accroding to their study na average age daw ng australian can reach up to 90 yrs old.
If you have plans to buy property, you should have open the First Home Saver Account that started about 5-6 yrs ago. It is also tax at 15% since if you did not use your FHSA to buy property, it will be redirected to your SUPER.
Kaso tinanggal na ni Abbott - cost cutting.
Kung provided ng ocmpany yung SUPER, usually may discount DAW sa fees. So might as well stick with the SUPER provided by your ocmpany. Kung hidi naman, shop around.
Hindi ko alam kung ano best performing SUPER.
Dapat halos pareho na sila ng performance ngayon since may bago na rin na RULE na depende s aagemo ang allocation ng SUPEr mo.
If hindi pa nababago yung allocation ng SUPEr mo s ane wrule, ask your SUPEr funds.
Ang mangyayari kasi is kung nano na yung previous mo contribution sa SUPER mIGHT remain dun sa old allocation which is usually "BALANCE" fund. Tpos yung bagong policy na depende na daw sa age yung allocation ng funds like kung medyo matanda na - automatic nila ilalagay sa LOW risk.. kung bata bata pa, default nila ilalagay sa high risk applies only dun sa new contribution.
what I did was I requested my supergund to transfer all allocation to the new policy which is allocation depends on the age. Mas mura din ang fee.
Once kas ina iba ibahin mo yung allocation, mappansin mo na maiiba din yung charges.
Pag sa high risk mo manual nilagay, mas malaki comission.
Kung sa new policy na "default / allocation depending on your age" - mas mababa DAW ang comission compar sa dating defualt policy.
</blockquote>
when you say commission and fees; do you mean the same things?</blockquote>