Join our investing community

Super Choice

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Simon Hampel, 14th Aug, 2005.

?

Are you taking advantage of Super Choice ?

  1. Yes, I've already arranged to move my Super

    6 vote(s)
    17.6%
  2. Yes, I plan on moving when I get around to organising it

    0 vote(s)
    0.0%
  3. I'm interested, but still researching my options

    5 vote(s)
    14.7%
  4. I'm really not sure (or I can't be bothered)

    4 vote(s)
    11.8%
  5. No, I don't plan on moving my Super

    15 vote(s)
    44.1%
  6. I already self manage my Super

    4 vote(s)
    11.8%
  7. I don't have any Super

    0 vote(s)
    0.0%
  1. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Have you taken advantage of Super Choice and moved your super to a different fund ? Do you plan to do so ?
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Poll is now active
     
  3. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    I must say that I'm a little surprised by these poll results so far - I would have thought more people would take the opportunity to exert more control over their super.

    Can I ask people who votes "I don't plan on moving" to answer - why ?

    Is it because you don't think changing will bring you any benefits ?

    Are you confident that your current super fund is the best option for you ?

    Do you already get good choice in your current super scheme ?

    Is there anything that would change your mind about not moving ?
     
  4. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    I didn't so much exercise super choice as just put my two plans together in the one. When I changed jobs a few years back, I put my old super in Navra via Wealthtrac. Finally got around to adding the super from my least old job this week (working in financial planning has it's perks, hee hee).
     
  5. Nigel Ward

    Nigel Ward Team InvestEd

    Joined:
    10th Jun, 2005
    Posts:
    1,172
    Given Super's v.long timeframe for me I've taken the approach of getting my international share exposure through Super. I've already set this up and whilst international equities have been a dog of an asset class in recent times, it is, as I mentioned, a long term thing...So at present I'm happy with set and forget.

    With respect to the self managed option (which many thought ppl would rush to in droves once they had the chance) I won't be doing that just yet. There's only so many hours in the day. Until I'm much much closer to retiring I just don't have the time to devote to self managed super which is gonna be preserved for more than 30 yrs... I want to focus my time on investments I can enjoy long before that ! :D

    My 2.2 cents worth...
     
  6. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    I certainly put the self-managed super in the too-hard basket right now ... compliance would take way too much time !
     
  7. Muz

    Muz Member

    Joined:
    15th Aug, 2005
    Posts:
    21
    Location:
    Tassie
    Hi All,

    I voted "don't plan on moving" as I contribute to a "defined benefit scheme" and am not able to access super choice.

    There was no option for "not being able to access super choice" so seemed the best option for me :D
     
  8. Bubbles

    Bubbles New Member

    Joined:
    21st Aug, 2005
    Posts:
    2
    As self employed people we have had the choice of where to put our super anyway.
     
  9. Jenny

    Jenny Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    103
    Location:
    Canberra
    Ditto Bubbles.

    As self employed people we exercised 'super choice' before it entered the lexicon. :)

    Jenny
     
  10. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    I've got my money in Telstra's Rollover plan, it's low fees and has been returning well.