rossfive5

Does anyone who is already in Australia know any good superannuation funds, apparently there are hundreds to chose from, sorry for such a vague question !!

Thanks
Ross

karenjc

My employer puts mine in southern cross, and to be honest i don't know anything more about them.

rossfive5

Thanks, I was wondering if it was dependant on your employer or totally up to the employee,I will just go with the flow and see what happens!!

Cheers
Ross

ossigeno

I believe companies have a default fund which they will use for you if you do not specify your own. ING and Virgin are two new (& progressive) entrants to the Oz pension market.

boom_meringue

I was recommended IOOF by my agency. I am an IT contractor and the IOOF fund seems to be the fund of choice for most of the people I work with because it has been a solid performer over time, it's a choice you will need to research and decide on your priorities.

rossfive5

Thanks, I am an IT Contractor too, I will give it some thought, I appreciate the comments

Cheers
Ross

worzel

There is one called RecruitmentSuper that I am in for contractors. It seems good as far as I can tell.

sharon_gareth

Now that you can choose your own super fund we have all our super going into a managed fund along with the pensions which we transferred from the UK. We used the Austasia Group to help with all our pension transfers and all related advice. They are an independant firm of financial advisors and very helpful. You can contact Simon at [email protected] for further info.

gedge

Probably not a good idea to put someone's email address on show for one and all. Don't know about you , but I don't like spam.

andrew63

I think you can choose your own - it is your right. But the employer often will have a receommended one
If you have $100,000 + (from pension transfer, savings or whatever), you can set your own one up and invest how you see fit - via a broker. Known as DIY Superannuation.

Andrew

BartSimpson

If you can shed some light on this. I dont have $100,000 but no harm in learning whats the funda.
I am in IT (contrator ), mine is AXA... like IOOF its crap they say
- Bart