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Choosing the right fund

Choosing the right fund Your super is likely to be one of the biggest investments you will make, after the family home of course. You owe it to yourself to not leave it to chance – your super is generally a big part of your livelihood in retirement, and choosing the right fund can make a huge difference.

Take control

You have the choice generally when you change jobs (or by discussing with your current employer) to specify the fund that your contributions will go to. Your super may be currently in your employer's nominated 'default' super fund, but is that right for you?

Here's some questions to help see if you are in control of your super:

 Do you know what returns you are getting from your super fund?
 Do you know if the returns are competitive?
 What is the investment performance over the past 5-10 years?
 What added benefits, services and insurance are you receiving?
 Do you have a say on the type of investments chosen for your super?

Get advice

Understanding all these factors can be a complex task. That's why it can really pay to get professional advice on your super.

An ANZ Financial Planner can provide some comparisons and let you know if you are on track for the retirement you dream of. They can also help you find the right mix of super investment to fit with your attitude to investing, risk and your stage of life.

Tip: make sure your fund has your tax file number. If you don't, certain super contributions will be taxed at the top marginal tax rate of 46.5% and you will not be able to make other personal contributions at all.