How to choose a good superannuation fund

Thanks to the compulsory nature of our superannuation system, the amount of wealth held by Australians in super is growing rapidly.

But how can you make sure you are getting good value out of your investments? In the mid-2000s, Australians were handed the formal power to choose which super fund should look after their money.

But with great power comes great responsibility - and, when it comes to super, often complete bewilderment about how to choose a fund that is right for you. Well, we’re Jess and Dom, and we’re here to help.

Money editor Dominic Powell and senior economics writer Jessica Irvine are hosting the new podcast It All Adds Up.Credit: Dominic Lorrimer

On this week’s episode of our It All Adds Up podcast, we break down the five most important things to consider when it comes to choosing a super fund. From weeding out ‘dud’ funds, to selecting an appropriate investment mix for your age, we delve into all the gory details of the sometimes confusing but always important issue of choosing a super fund.

We discuss the arrival of so-called ‘index investing’ options in super and provide a rule of thumb about what percentage fee you should be paying.

We also answer a listener question about whether first home buyers should be using superannuation as a vehicle to save up a home deposit (and how to do this) while Jess’s budget tip of the week has a festive feel.

Have a listen on all major podcast players, including Apple Podcasts and Spotify, and don’t forget to send in questions of your own to [e-mail].

• Information given in this podcast is general in nature and is not intended to influence listeners’ decisions about investing or financial products. They should always seek their own professional advice that takes into account their own personal circumstances before making any financial decisions.

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