Frequently Asked Questions
Who are Superannuation Specialists Australia?
An Australian-owned company focused on clarifying superannuation for everyday Australians. Free from ties to big banks or superfunds, we aim to pair you with advisors genuinely invested in your financial success. With extensive experience, we’re well-equipped to assist. Connect with Superannuation Specialists Australia now to learn more.
Does being with an “industry fund” automatically mean it’s the best choice for my super?
There’s a widespread belief that industry funds are automatically the best fit, but this isn’t necessarily true. While they were initially crafted for specific sectors, your choice of superannuation fund should reflect your personal Investment preferences, risk tolerance, and retirement goals. Our affiliated advisors are poised to assess your specific needs, analyse your current superannuation fund, and offer tailored advice tailored to your situation. They’ll take into account factors like fund performance, fees, investment options, and risk management strategies to ensure your superannuation plan is aligned with your retirement objectives.
What is a default setup in my super mean?
A “default” option in Superannuation is what your fund defaults to if you have never had a discussion or made any changes with your fund. But it may not be the best for everyone. Superannuation now provides different investment choices, as some defaults may not perform well, affecting retirement plans.
What do you mean by complimentary review?
“Complimentary review” means if the referred advisor impresses you and their advice benefits you, any fee can be covered by your super. No obligation, no out-of-pocket expense, risk-free. So, it doesn’t come from your back pocket if you use their service. If you’re unsatisfied, there’s no cost. It’s a risk-free option to consult, review, and enhance your finances.
Can’t I just talk to my current superfund and get them to look at it?
It’s tough to say without knowing your current fund. Many super funds endorse only their products. With numerous funds and investment options, how can you ensure it’s the best choice? The advisors that we partner up with, unattached to banks or superfunds, prioritise your interests, not theirs.
Why is the review done over the phone?
Phone consultations provide nationwide assistance and is efficient for everyone involved. Extended hours and versatility offer busy Australians access to connect with an advisor without obligations. Our process is straightforward and convenient.
My super fund has never done wrong by me so why would I review it?
We acknowledge that the majority of people don’t consider their super to be problematic. However, we are neglected with education around what defines an excellent superfund versus a mediocre one. Our partnered advisors focus on three key factors: Fees, Returns, and Risk. Best case scenario our partnered advisor come back to you and let you know to keep doing what you’re doing. In the second-best case, they come up with a strategy that’s more in line with your goals.
How do you guys make money if the review is complimentary?
Our service is complimentary because advisory firms compensate us for referrals. There are no added fees when you use our service. We partner with top-rated advisors that are client-focused to ensure you’re getting the service you need and deserve.
What is a superannuation fund?
A superannuation fund is a savings plan for retirement. It’s like a long-term piggy bank where you and your employer put money aside from your pay-check. This money grows over time, usually through investments in things like shares, property, and bonds. When you retire, you can access this money to support yourself financially. It’s a way to make sure you have enough money to live comfortably when you’re no longer working.
How do I know you guys won’t take my money from my super?
When it comes to superannuation nobody can take your money from your fund, not even you unless you have met a condition of release. So, we certainly can’t take your money. You can only use your superannuation in times of hardship, certain medical procedures, insurances and to pay for a financial advisor to help you reach your goals.