My Superannuation Performance For the 2017/18 FY.
Here in Australia, our financial years run from July 1st to June 30th. So for this segment I will look at how my Superannuation (Retirement) Fund has performed from the dates of July 1st 2017 to June 30th 2018.
I am currently with ANZ Smart Choice Super. I wrote a post about this fund and why I chose it. Overall, the dashboard is pretty good. It could have a few more features but overall fairly simple dashboard and very easy to navigate.
Results FY 2017/18
My tracked results.
This is my super balance that I tracked over the year on my spreadsheet. This was an increase of $5214.52 over the year.
Slow and steady wins the race.
Official Report from my Superannuation Fund
My overall summary is very similar to what I was tracking. Always good to keep accountable.
My investment mix… hmmm maybe a little too much cash for my liking, not much control I have over this.
My total fees. This is where I will have to go over this with a lot more care. These fees also take into account my life insurance and total and permanent disability (TPD) insurance. Overall, my fees were $375.09. Overall, if you take out my TPD and Life Insurance this drops to $191.27 total fees, $50 of which are admin fees, then a further $117.98 of “investment fees”.
All These Fees For What?
My Employer contributed $4568.20 and the Super Fund was able to increase the investment earnings by an additional $1530.23.
This puts my actual performance in the range of 6.53%-8.39% as it doesn’t quite give performance month by month. The ASX 200 had a total performance of 8.3% over the year while the All Ords Accumulation index was close to 13.7%. Overall, the fund seems to have performed fairly well, but does a low cost super fund mean one that will make you wealthy when you retire? I’ll give it one more year to figure our that question.