<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Around 6.2 million Aussies admit they have no idea how well their superannuation fund is performing, a new survey has revealed.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Up to 29 per cent of Aussies said they didn't actively monitor their super fund, according to a study of over 1000 people by Finder.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>A further 16 per cent said they did, but were unhappy with how it was performing.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/world/louvre-museum-robbery-musee-du-louvre-closed-for-exceptional-reasons/aabe4c60-19e9-41da-930d-9763d1c095b4" target="_blank"><strong><span>Shaky phone vision emerges of high-stakes four-minute Louvre heist</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Experts are now warning this complacent attitude could cost Aussies thousands when it comes time to retire.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"The difference between an average fund and a top-performing fund can be the difference between just scraping by in retirement and living comfortably," Alison Banney from Finder said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"This ignorance could cost you tens of thousands of dollars come retirement due to reduced returns.</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/finance/australia-super-fund-finance-money/34c1ef43-c445-4af3-abd7-b925b78b2eca" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"If you're not monitoring your super's performance, you could be leaving the equivalent of an entire year's salary or more on the table by the time you retire."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/suspected-space-junk-crash-lands-on-wa-mine-site/d44e81a0-46ea-4ede-9d7a-cad4ddfd1e27" target="_blank"><strong><span>Mysterious flaming 'space junk' crashes into remote WA</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Banney said the fact money is paid directly into the super fund by employers can lead to workers forgetting about their super, especially as other financial pressures seem more pressing.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Many give this money very little attention," she said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It's often a case of 'out of sight, out of mind.'"</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Banney also said consistently monitoring their super fund is important, as different funds will suit different stages of your life, and also pointed out 55 per cent of Aussies were satisfied with how their super fund was tracking.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f"><em><strong><span>DOWNLOAD THE 9NEWS APP</span></strong></em></a><em><strong><span>: Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. Available on the</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727"><em><strong><span>Apple App Store</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a href="https://play.google.com/store/apps/details?id=nineNewsAlerts.nine.com&hl=en_AU&pli=1"><em><strong><span>Google Play</span></strong></em></a><em><strong><span>.</span></strong></em></div></div>
SHARE:
Leave A Reply
Your email address will not be published.*