"Superannuation is too hard, I don’t even know how many superfunds I have?"
All employers are obliged to make superannuation contributions to all eligible employees to ensure that all Australian’s have enough money at retirement. It is a legal requirement that your employer contributes at least 9.5% of your income into a registered superannuation fund on your behalf regardless if you’re a casual, contractor, part time or full time employee. The superannuation contribution rate is scheduled to progressively increase to 12% by 1 July 2025.
There are hundreds of superannuation funds and an average Australian unfortunately have a minimum of 3 superfunds because of the very limited knowledge of superannuation and therefore when they change their jobs, their superannuation fund is left stranded and a new superannuation fund is established. At Premiere Advisory, we have access to many superfunds and can provide comparisons for you on your existing superfunds you currently hold as well as provide you with recommendation if we find a superfund that is more suitable to meet your needs. Every superannuation fund will vary in fees and have different performance returns. Our specialists will go through in detail with you a structure that is right for you and help you it break down and make superannuation a whole lot easier to manage.