ESUPERFUND
24 November 2008
ESUPERFUND could help you to save a lot more on fees if you have a large superannuation fund balance. With its flat annual compliance fee of $599, ESUPERFUND can be good value for people who have been using an industry superannuation fund or other types of superannuation funds that charge percentage based fees. While a percentage based fee can be great value for someone with very little in their superannuation fund, a flat fee like ESUPERFUND offers can be better value for those with more money once the percentage based fees they are charged exceed the amount that ESUPERFUND charges. For instance, someone with a superannuation fund balance of $400 000 who is charged 0.85% p.a. in fees would be paying $3400. ESUPERFUND may be a cheaper alternative, depending on how well the individual can manage their own superannuation fund.
One of the hurdles toward finding better value from a self managed superannuation fund like ESUPERFUND is knowing how a superannuation fund works to make you money over time. If you have no idea where to start, then you may not be ready to start a self managed superannuation fund with ESUPERFUND. It's a tough decision to make and not everyone is suited to a self managed superannuation fund. If you cannot think of where you will get the time to run your superannuation fund, then it may be worthwhile also looking at other types of superannuation funds where the management is handled for you, at a higher cost in fees.
Please click on our ESUPERFUND sponsor banner if you would like to find out more about ESUPERFUND and what they offer to help people start a self managed superannuation fund.
