I was chatting with one of my clients recently about their end of month, and as we were discussing payroll and superannuation I asked when was the last time they had reviewed their super fund. Imagine my surprise when they said that they had never reviewed their super! Ever. Even though they felt the financial adviser that they had used had given them poor advice, and set them up with a bad income insurance product that cost them thousands, and they didn’t feel their super was the best it could be.
I am not a financial adviser, but if you need to review your superannuation fund (like I do every year or two), then go to ato.gov.au/yoursuper. It’s free. No obligation. No hidden kickbacks. Do it. It could make tens of thousands of dollars difference to your retirement.