On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees. 

Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people’s retirement savings.

Shrimski shares practical tips and provides an example on how to potentially save $1,500 each year on fund fees.

00:00 Introduction

00:20 Understanding superannuation fees

00:58 Guest introduction: Daniel Shrimski

01:53 Vanguard Australia's role in superannuation

02:06 The fund with 50 million investors

03:08 The six types of super fees

06:57 Reading your superannuation statement

09:00 Pushing for transparency

11:51 Are you overpaying?

14:00 The average super fund fee

15:31 Conclusion and final thoughts

 

#friendswithmoney #michellebaltazar #danielshrimski #supersavings

 

Links:

YourSuper Comparison Tool

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