新葡京娱乐新葡京网站新葡京官网新葡京免费开户新葡京免费注册 Employer Super

Employer Super

Public offer funds

Advantages:

  • Uses an approved trustee.
  • Diverse range of investment options which are professionally managed.
  • Some Master Funds have access to direct shares within a portfolio.
  • Many Public offer funds offer life insurance cover as apart of the many services they provide to members.

Disadvantages

  • Members have limited opportunity to select specific investments they would like to include in their portfolio.
  • Investors have no control over the timing of investment decisions made by the underlying fund managers that, in turn, may have an impact on the taxation of the fund.
  • Public offer funds can be expensive, and generally can charge an entry fee between 0% and 5%, and an ongoing management fee that can range from 0.0% to 3% per annum.
  • Upon time of payment of a benefit, a public offer fund may only offer limited choices in terms of the manner in which a benefit is paid.

Employer Sponsored Superannuation Funds

Advantages:

  • Uses an approved trustee.
  • Diverse range of investment options which are professionally managed.
  • Some Master Funds have access to direct shares within a portfolio.
  • Many Public offer funds offer life insurance cover as apart of the many services they provide to members.
  • Some Plans have Automatic Acceptance of Life Cover without the need to be underwritten.
  • Some Plans may offer fee discounts.

Disadvantages

  • Members have limited opportunity to select specific investments they would like to include in their portfolio.
  • Investors have no control over the timing of investment decisions made by the underlying fund managers that, in turn, may have an impact on the taxation of the fund.
  • Public offer funds can be expensive, and generally can charge an entry fee between 0% and 5%, and an ongoing management fee that can range from 0.0% to 3% p.a.
  • Upon time of payment of a benefit, a public offer fund may only offer limited choices in terms of the manner in which a benefit is paid.
  • You will only remain a member of the employer plan whist employed by that company. Upon cessation of employment, your plan will automatically roll over into a personal plan.

Industry funds

Advantages:

  • Publish low administration fees.
  • Run only to profit members.
  • Simple to use.

Disadvantages:

  • Potentially lower level of service.
  • Generally no financial adviser attached to Industry Funds, when compared to Public.
  • Offer and Employer Sponsored Plans.
  • Generally a smaller range of investment options available.
  • Can have hidden fees.
  • May not be able to purchase direct shares.

Retirement Savings Account (RSA)

Advantages:

  • Capital Guaranteed products generally offered by banks.
  • Fully Portable, owned and controlled by the member.
  • Simple, low cost, low risk products.

Disadvantages:

  • Does not offer member investment choice.
  • May conflict with your investment objective of maintaining the real value of your portfolio and combating the effects of inflation over the medium to long term.

To discuss your Superannuation needs, click here