What does most people’s superannuation look like?
Most Australians are in superannuation funds selected by their employer.
And of the 15 million superannuation fund members, 40% of you have multiple accounts !!! That collectively costing you $2.6 billion in additional fees each year.
60% of Australians make no choice on how their super in invested, by default most of it is invested into the share market (and nearly 50% of that is in the equites markets).
What's the alternative??
This week we take a short peak into Self Managed Super Funds (SMSF).