It’s simple enough to check your fund’s investment returns. To use Juan as an example again, his SG contribution of $1140 for Q1 2018 must be paid by 28 October 2018. Of the 150 funds that provided member data, Super Directions Fund ranks 31 largest, with 186,212 members. Otherwise, your default fund may have their own clearing house (and there are also other commercial options available) so speak with your fund to get started. This is just $22804.00 per annum compared to $34980.00. SuperGuide - Simple superannuation and retirement planning … Super was set up by the government to provide people with an additional income stream to the pension and is compulsory in Australia. When a due date falls on a weekend or public holiday, you can make the payment on the next working day. It is almost impossible to live on less than the minimum wage as an aged pensioner even before taking into account the ever-increasing proportion of the population who are retirees. You pay using EFT or BPAY and Superstream keeps the data in a standard format so it can be shared easily between employers, funds, service providers and the ATO. How to Choose the Right EFTPOS Machine, The Australian Consumer Law: A Guide for Business Owners, A Guide to the Australian Minimum Wage for Employers, Receives a super pension on annuity while still working - including those who who qualify for the transition-to-retirement measure, Is a temporary resident – when they leave Australia, they can claim the payments you made through a ‘departing Australia superannuation payment’. The Australian Consumer Law: A Guide for Business Owners In the 1980s, in recognition of the “baby boomers”, an aging population, reduced birth rate and increased life expectancy, it was predicted that the blowout on aged pensions needed to be stemmed with the introduction of a compulsory superannuation scheme. As always, this is written to stimulate your appetite for knowledge. Source: APRA. On this page you can find profiles for all major super funds. Below you can find contact details for Super Directions Fund including website, email and physical address as well as social media accounts if they are available. Super fund rankings You spend your entire working life contributing to super to build your retirement savings. Is it top of its class or a dunce? The cost of living in retirement is increasing beyond the government’s capability to provide for the increasing proportion of aged pensioners. AustralianSuper is an award-winning industry super fund and the largest super fund in Australia. MySuper is a government initiative providing low-cost and simple superannuation products for employees. As employers will be contribute just under 10%, an additional 8% is required to be paid by the account holder from the gross income.

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