It’s estimated that as many as 90% of people don’t understand the fees charged by their super fund.
Given that superannuation affects us all, at Sydney Accounting we think that’s a worrying statistic. Regardless of whether your superannuation is held in a large public fund or in a Self-Managed Super Fund, fees are charged in many different ways. You should therefore be very careful when reviewing your superannuation.
Fortunately, small actions can make a big difference. The compounding effect of returns over the long term is substantial. This means that if you take an active interest in your superannuation, and seek expert advice, your end balance on retirement can be substantially higher.
We’ve even created a dedicated SMSF blog, outlining the key things to think about before taking the plunge. You can also learn more about our SMSF services, it’s written in plain English, and you can access the info here.
Contact us today on (02) 9810 3222 to book an appointment with one of our expert advisers.