| The Australian Government in its wisdom has decided | | | | superannuation gets eaten up in fees. |
| that everyone has to look after their own retirement | | | | The idea of adding extra funds to the super fund |
| income and to that end all employers have been | | | | was to get the tax benefits in the end. To 'get |
| adding monies to superannuation funds for | | | | ahead in a Super Fund you really need to be adding |
| employees. At present the employer contribution is | | | | extra monies to the employer contribution' is what |
| 9%. | | | | has been touted as the thing to do. |
| Working Australians have been putting money into | | | | However, one could argue that by investing your |
| Super Funds out of their own pocket adding their | | | | own excess funds outside the super fund and also |
| employer's contributions. | | | | meeting your tax obligations, you can make more |
| Supposedly super funds will have a growth factor of | | | | money than if you had your money in a super fund |
| at least 9% and that there will be sufficient in the | | | | managed by someone else. |
| fund to support you in your retirement. The last year | | | | So how could you make more money than having |
| or two has been a wake-up call in this regard | | | | your money in a super fund? |
| because the super funds have made nowhere near | | | | Run Your Own Super Fund |
| the amount of money that people have been | | | | Property investing is now allowed under Self Managed |
| expecting. | | | | Super funds and it is possible to put small amounts of |
| To a certain extent you can choose how your | | | | cash say, $5,000 into Joint Ventures where you can |
| money is invested in the fund as in cash and shares | | | | get returns of up to 100%. Keep in mind the higher |
| or whatever you are offered by your fund manager, | | | | the return the higher risk. But in reality it is quite |
| but it seems that the return is far lower than can be | | | | possible to get a 25% return on investing into Joint |
| expected from a commercial market. | | | | Venture property developing with very little risk. |
| Super Funds do not seem to return the same money | | | | When seeking Joint Venture investment ensure that |
| on property investments and they certainly do not | | | | the property has already received bank approval as |
| return as well as professional traders on the share | | | | this will show that the company has been searched |
| market. Super Funds in most cases have quite high | | | | and that a considerable amount of the units, houses |
| fees and if you are only a part-time contributor your | | | | or whatever have been presold. |