Did you know “Long term industry super funds return an average of only 7% pa less fees for the benefit” … ouch!
The ATO recently published data showing that an average SMSF outperforms corporate, industry and retail funds 4 times out of six.
People who choose to take control of their own Super Destiny are achieving better returns than those who choose to remain in an industry fund … why wouldn’t you set up your own SMSF?
You are aware that industry funds include annual fees, but did you know that industry funds who invest on the back of other managed funds are paying those fund managers fees on your money being invested there. No wonder the return on your investment is so low.
Your fund manager is largely anonymous to you, where he chooses to ultimately place your hard earned funds is out of your control. Check out your superannuation statement and I am sure you have come to the conclusion that you can do a far better job yourself!
Close to 30,000 SMSF’s are being set up per annum in Australia because people just like you want an element of control and choice of where your hard earned monies are going to be invested in your own Self Managed Super Fund which ultimately is your retirement destiny. You would have to agree!
With over 9% of your salary going into your retirement planning ask yourself “who is in control of my super destiny, who is making my choices for me and how is my own money being invested?”
Tip : Would you rather the bank and your tenant did the heavy lifting for you and return you around $800,000 over 10 years or only $163k?