Super account -which one?-

[Drift_R32]

Hi
as the laws have changed and sub contractors must be paid super by law
Im looking for a super account to have it all go into

im after some suggestions and experiences.

im a tradesman so im not sure if an industry super account would be the best for me or what

any help would be much appreciated thank you

michael.

[cplagz]

I've been with Colonial First State for a while now and have my portfolio as 70% high risk. I don't have a heap in there (around 20k) but they always make a positive return for me.

[mARC]

Mate its really worth sitting down with an adviser and doing this right the first time.

You need to look at what insurances the fund offers and what your needs are.

Really cant stress this enough.

[Drift_R32]

Hmm don't have a heap of time
Need it done by tues night.

[PHIL]

if you are in construction ie. house, mines any as long as its construction based. go with cbus. I've been with them for ten years and never had an issue. Low fees and good insurance. worth a look anyway

[mARC]

You're not locked into a fund for life, you are free to change but in regards to public funds like Marc has mentioned I am unsure what the exit costs would be if you jumped out rather quickly 'or if they even exist'.

Ask your employer what their contribution payment cycle is 'I should know this derp, but its not coming to mind', and see how much extra time this gives you.

[Bomber]

Hmm don't have a heap of time
Need it done by tues night.
Well you've got until you're 65 to sort something out...... TBH, it is staggering you haven't already got a self managed super fund.

Start with any you want just so it is going somewhere to begin with. Then you can roll it out into whatever you and your advisor determine best suits your requirements. For a start, I suggest opening one with Australian Super (yes, it's a big fund!) and booking an appointment ASAP with your financial advisor.

[schnoods]

Could always go to one from CBus, Aus Super or similar.

Then speak to advisor and rollover from one account to the other.

[Drift_R32]

Been a sub contractor has never entitled me to super
But now the law has been changed its worth setting up

Honestly the rate your paid from employers was never enough to really cover super contributions
Once u remove tax, holiday pay...super was never really considered

Cheers for that will try cbus




Well you've got until you're 65 to sort something out...... TBH, it is staggering you haven't already got a self managed super fund.

Start with any you want just so it is going somewhere to begin with. Then you can roll it out into whatever you and your advisor determine best suits your requirements. For a start, I suggest opening one with Australian Super (yes, it's a big fund!) and booking an appointment ASAP with your financial advisor.

[racegtst]

I am an adviser and can help if need be.

PM details and I will give you a call.

[thommo]

Im looking at going back contracting. Do you have a link to the details on this new arrangement?