Industry Superannuation

Industry Superannuation information for YOU.

There is one for every Australian income earner – regardless of occupation, at any rate of income.

You have the power to choose which superannuation works best for you, but it also rests in your discernment.

You need to consider a range of general superannuation issues before making any decisions about what type of super fund is best for you; which will deliver the most savings. In the best sense, which is real super(!)?

It is best clarified: Industry Superannuation Funds Explained

Industry super funds are generally “not-for-profit,” which theoretically means they are designed exclusively for the benefit of members – that is, to profit members.

A multi-employer superannuation fund normally cover employees in a particular industry or group of industries, or in a particular geographic area, and are usually governed by trustees representing employees and employers within the industry they represent. Because of their scope, industry funds tend to have large and diversified memberships, thus they can offer reasonable returns with little input from you.

Their economies of scale, and the fact that they are "not-for-profit" and do not pay any fees or commissions to financial planners, accountants or sales agents, make them extremely effective in keeping down costs to members – that means lower average fees.

You can not argue with companies offering the “Most Savings! Super Plans!”

But there is a whole range of super plans available, and now that you can choose which one is best for you, it's important to research.