FAQ's

It’s a common misconception that industry funds are automatically the best option for everyone. While they were initially created for specific industries, your choice of superannuation fund should be based on your individual investment preferences, risk tolerance, and retirement goals.

Industry funds, like Host Plus, CBUS, and Rest, allocate their investments across various asset classes such as stocks, international markets, property, cash, and fixed interest. However, it’s important to note that the industry you work in doesn’t directly impact the performance or suitability of a fund for your personal circumstances.

Each person’s attitude towards investing and desired retirement outcomes are unique. Some individuals may prefer a conservative investment approach, prioritizing stability and capital preservation. Others may seek higher returns and are willing to take on more risk. It’s crucial to align your superannuation investments with your specific financial goals and risk tolerance.

Our team at Simply Super can help assess your individual needs, review your current superannuation fund, and provide personalized advice tailored to your circumstances. We’ll consider factors such as fund performance, fees, investment options, and risk management strategies to ensure your superannuation aligns with your retirement aspirations.

Don’t settle for a one-size-fits-all approach. Let us help you make informed decisions about your superannuation to maximize your retirement savings and secure a comfortable future.

A “default” setup refers to a standard investment option that is commonly used in Superannuation. It is often the initial setup chosen by an employer for their employees’ superannuation, but it may not necessarily be the best option for individual needs. Over time, superannuation has evolved, offering a wide range of alternatives. Some default setups may underperform, hindering the achievement of a comfortable and sustainable retirement.

Every individual’s situation is unique, and it is important to have the right options in place that align with factors such as your account balance, age, risk profile, and financial goals. To ensure your super is on track, it is recommended to seek expert advice. Our team of experts is here to assess your specific situation and explain the available options that can enhance your superannuation performance. Get in touch with us today to make informed decisions and improve your financial future.

While it’s great to hear that you haven’t encountered any issues with your super fund so far, it’s important to consider the bigger picture. Most Australians were not taught about what makes a great or poor superfund, including factors like fees, returns, and risk. Let’s delve into these aspects:

Fees: There are various types of fees associated with your superannuation fund, including admin fees, management expense ratios, indirect cost ratios, and insurance premiums. Many Australians are unaware of the complete breakdown of these costs. Our experts can provide clarity on the fees you may not be aware of.

Returns: Fund performance can vary over time. What was once a top-performing fund may now be underperforming, and what seems like the best option today may not remain so indefinitely. Regularly reviewing your super ensures that your strategy remains effective and you stay on track.

Risk and Exposure: Do you know how your superannuation is invested and what level of risk and market exposure you have? Most Australians lack this knowledge about their superannuation investments.

By reviewing your superannuation, you have peace of mind knowing that you’re making informed decisions. The best-case scenario is that a small adjustment today could lead to an earlier or more comfortable retirement. The worst-case scenario is confirming that your super is already working optimally. Take the opportunity to understand how your superfund operates and explore potential improvements today.

Superannuation is a system in Australia that helps individuals save for their retirement. It is a form of investment designed to provide financial support during retirement years. Through superannuation, a portion of your income is regularly contributed into a superannuation fund, which then invests and grows these funds over time. The accumulated money is accessed once you reach a certain age or meet specific conditions, allowing you to have a source of income during your retirement years.

Simply super often conduct reviews over the phone for several reasons:

1. Convenience: Phone reviews provide a convenient option for both the expert and the client. It eliminates the need for in-person meetings, allowing individuals to receive expert advice from the comfort of their own homes or workplaces.
2. Accessibility: Phone reviews make it easier for individuals across different locations to access expert advice. It removes geographical limitations and ensures that people in remote areas or those with limited mobility can still benefit from professional guidance.
3. Efficiency: Conducting reviews over the phone allows experts to efficiently assess and analyze your superannuation situation. They can gather the necessary information, ask relevant questions, and provide tailored recommendations in a focused and timely manner.
4. Clear communication: Phone conversations allow for direct and clear communication between the expert and the client. Important details can be discussed, and any queries or concerns can be addressed promptly, ensuring a comprehensive review.
5. Flexibility: Phone reviews offer flexibility in scheduling. You can easily find a time that works for both parties, making it convenient for individuals with busy schedules or those who prefer to discuss their finances outside regular office hours.

Overall, conducting super reviews over the phone allows experts to provide accessible, efficient, and personalized advice to clients, regardless of their location or circumstances.

The cost of getting your super reviewed at Super Experts is zero. There is no out-of-pocket expense for the review itself. Our fees are determined based on the recommendations provided, and they will be clearly explained to you before you make any decision to proceed with the advice. If you choose to implement the recommendations, the fees are paid from your superannuation fund.

Unlike traditional financial advice models that may require upfront fees, we believe in providing value and delivering results first. We are committed to helping individuals improve their financial future, and we only ask for payment when we can provide a strategy that meets your satisfaction. Even in the worst-case scenario, you will gain valuable insights into your superannuation. In the best-case scenario, you’ll be on track for a better future, and the fees are paid from your retirement funds, which you cannot access until retirement anyway.

While it may seem like a good idea to consolidate your superannuation yourself, it’s important to consider various factors before making a decision. Factors such as insurance options, fund risk, fees, and performance should be taken into account. Consolidating incorrectly can lead to costly and irreversible mistakes. With thousands of options available, analyzing and comparing them on your own can be time-consuming and overwhelming.

Each person’s situation is unique, and their superannuation should be set up to suit their individual needs and goals. Seeking professional advice can provide better outcomes compared to navigating the process alone. Just like you would rely on professionals for car repairs or house construction, relying on experts for consolidating and reviewing your superannuation can lead to better results.

At Super Experts, we believe in providing value first. We are passionate about helping individuals, and we only ask for payment if we can deliver a result and strategy that satisfies you. In the worst-case scenario, you’ll gain valuable knowledge about your super. In the best-case scenario, you’ll be on track for a better financial future, and the fees are paid from your retirement funds, which are not accessible until retirement anyway.

Considering whether to seek advice from your current superannuation provider depends on various factors, such as the services they offer and their alignment with your best interests. While some providers may offer advice, it’s important to be aware of potential limitations. Providers often prioritize their own products, which may not necessarily be the most suitable for your unique needs.

At Simply Super, we take a different approach. We are independent and not aligned with any specific superannuation provider

We’re an independent advisor not aligned with any banks or superfunds, ensuring unbiased advice tailored to your needs. Our commitment is to deliver results and strategies you’re satisfied with, and you only pay if we can help you achieve a better future.

Yes, Simply Super is a legitimate and fully regulated company. Simply Super operates under the brand name Simply Super under its parent company Property Advice Australia. (ACN 644 997 884)

Traditionally, getting financial advice could involve upfront costs. However, at Simply Super, we have a different approach. We are passionate about helping people and only ask for payment if we can deliver a result and strategy that you are satisfied with. This means there is no out-of-pocket expense for you unless we can provide value and help improve your superannuation situation. Our goal is to ensure you have a better future and make the most of your retirement savings.