January 09, 2023

Luke on 2CC – Fees on super, how much are you really paying?

16 minutes

Financial Planner Luke Smith joined 2CC Talking Canberra 1206AM in The Money Show which aired on Friday 6 January 2022. Leon’s on holidays this week so Luke has a guest co-host. This weeks topic is: Assessing your administration fees and other fees on your super. As we enter the new year, it’s a good time to make sure you’re getting fair value on the costs associated with retirement savings. Over many years those fees can really add up.

Key topics covered include:

When was the last time you checked what you’re paying?

Fees often reflect features – are you in the right kind of super fund?

What kind of super funds are there and how do features and fees change?

What is an ICR and why does it matter?

What other costs are there?

How do you make a change? Start with your funds Product Disclosure Statement.

Can a fixed fee option be used or investments like exchange traded funds help you reach your goals?

Luke shares his top tips on reviewing fees on super.

https://www.envisionfinancial.com.au/wp-content/uploads/2023/01/The-Strategy-Stacker-Luke-Talks-Money-06012023.mp3

Also available on Apple Podcasts and Spotify ‘The Strategy Stacker – Luke Talks Money’

Do you need financial advice to help you assess your super fund?

Over time, fees on your super fund can really add up. Take some time to make sure you’re getting fair value for the features you need. Seek advice if you need to.

Luke as a Financial Planner can help you set up a financial planning strategy to help you achieve your personal financial goals. Make an appointment to confidentially discuss investment, super, insurance and/or retirement planning. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.

Luke will return to talk about financial planning on 2CC next Friday. You can also catch up with The Strategy Stacker – Luke Talks Money podcasts on our website too.

We look forward to your company again and sharing more news about the book that’s coming in 2023!

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By Luke Smith