Managed Super Funds

Managed super funds are important, even though many people simply forget all about them. Your super fund is what will keep you living well - or not so well - after retirement, so you do need to take a look at it every so often. While those who have a managed super fund do so because they do not wish to have the work of administering a self-managed fund, it is still necessary to check in once in a way and make sure that your managed super fund is performing well. Or, perhaps more importantly, checking that your employer is actually paying that 9% of your wage into it.

It is especially important to look into your managed super funds if you've had more than one employer over the course of several years. It is now legal for the employee to choose his or her managed super fund, but if you simply go with whatever is the norm for the industry you happen to be working in, you could have several different lots of super in several different managed funds. Consolidating them all would be a wise move. Not only will the performance improve, there will be less likelihood of you forgetting about one or two and then losing track of them altogether.

By: Mel C

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Mel c writes about the benefits of Managed Super Funds and how to chose a Managed Super Funds.