Newspaper article The Daily Mercury (Mackay, Australia)

It Pays to Be Super Smart

Newspaper article The Daily Mercury (Mackay, Australia)

It Pays to Be Super Smart

Article excerpt

SMALL business operators have to wear many hats, and while Aussie workers often grapple to understand superannuation, business owners face the responsibility of selecting a default fund for their employees' compulsory super contributions.

Most workers are free to choose their super fund, but many go with the fund their employer nominates.

This may be an easy option for employees, but it places a burden on employers. Most business owners want to do the right thing by their staff.

With hundreds of funds to pick from, it's important to know the must-have features that will benefit employees. Any fund selected needs to offer a low cost MySuper product.

Bosses should also check also to see if their employees are covered by an industrial award. Some funds focus on workers covered by certain awards.

Having narrowed down the choice, bosses should take a close look at the fees. High fees can consume a huge chunk of employees' savings.

The investment option best suited to staff should also be considered. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.