What superannuation company are you using?

Nadine · July 2013

Tumitingin ako ng mga job openings ngayon eh at ang sinusulat na superannution ay 9.25% na!!

May isang salita ang gobyerno nila. Pinapatupad na nga ang bagong increase. Hehehe, nakakapanibago lang na tumutupad ang gobyerno sa sinasabi.

icebreaker1928 · July 2013

kelangan ng makalipat sa mataas na sahod... maliit na takehome... bagsak pa aud tsk tsk..

Nadine · July 2013

Tama kayo dyan @icebreaker1928 at @TasBurrfoot... Bababa talaga take-home natin. Hindi naman basta na lang mag increase ang mga kumpanya ng super at kukunin from their own pockets. Sa sweldo talaga natin kukunin yan.

mykdspyk · July 2013

I just tried opening a Self Managed Super Fund (SMSF). Mukhang ok naman since I have the control on where to invest the money. Marami naman kasing investment option. Medyo na curious lang din kasi ako kasi most of my colleagues is having their own superfund. As of now, I'm waiting for my current super to be rollover on my SMSF. So if you are the type of person who want to have like a 'DIY' investment maybe you can try to open a SMSF.

Nadine · July 2013

I just tried opening a Self Managed Super Fund (SMSF). Mukhang ok naman since I have the control on where to invest the money. Marami naman kasing investment option. Medyo na curious lang din kasi ako kasi most of my colleagues is having their own superfund. As of now, I'm waiting for my current super to be rollover on my SMSF. So if you are the type of person who want to have like a 'DIY' investment maybe you can try to open a SMSF.

Thanks po for sharing.

Andami ko tanong about this, don't know where to start. Pero tama po ba eto na preferred nila married ka pag papasok sa isang self-managed super??

mykdspyk · July 2013

@Nadine - hmm hindi naman. kaya lang kasi you need atleast 2 member para makapag start ng SMSF unless you are wiling to register a Company and you'll be the director. May dalawa kasing klaseng Trustee Type. Individual and Corporate Trustees. Pag individual ang pinili mo you need to have atleast 2 Trustee member up to maximum 4. Kung corporate naman, pwede isa lang kaso may mga additional pang registration kelangan kasi nga you need to register a company name.

TasBurrfoot · August 2014

@Nadine - hmm hindi naman. kaya lang kasi you need atleast 2 member para makapag start ng SMSF unless you are wiling to register a Company and you'll be the director. May dalawa kasing klaseng Trustee Type. Individual and Corporate Trustees. Pag individual ang pinili mo you need to have atleast 2 Trustee member up to maximum 4. Kung corporate naman, pwede isa lang kaso may mga additional pang registration kelangan kasi nga you need to register a company name.

@mykdspyk - I hope you are still monitoring this forum...

How is your self managed super fund doing? what are your asset allocation exposures?

TasBurrfoot · August 2014

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.

TasBurrfoot · August 2014

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.

I guess people are not too interested in their Super performance, ehehehe!!

Happy Friday folks...

atchino · September 2014

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.
I guess people are not too interested in their Super performance, ehehehe!!

Happy Friday folks...

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.

TasBurrfoot · September 2014

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.
I guess people are not too interested in their Super performance, ehehehe!!

Happy Friday folks...

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.

when you say commission and fees; do you mean the same things?

atchino · September 2014

@tas: yes

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.
I guess people are not too interested in their Super performance, ehehehe!!

Happy Friday folks...

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.

when you say commission and fees; do you mean the same things?