My Retirement Superannuation Performance

By | September 18, 2018

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.

5 thoughts on “My Retirement Superannuation Performance

  1. Andy Todd

    I’d be interested to know why you picked this particular fund. According to Canstar the top performing super funds are all industry super funds;

    https://www.canstar.com.au/superannuation/top-performing-super-funds-rated-canstar/

    I haven’t done a review of your fund but my previous research tends to indicate that retail fund fees are a lot higher than industry super funds. I know that Scott Pape recommends Hostplus because he says they have the lowest fees in Australia

    Reply
    1. Buy - Hold - Long Post author

      Thanks Andy, I will take a look into that. I am currently with ANZ Super who are now called One Path who are now a division of IOOF. So many changes in the past year.

      Reply
  2. DivvyDad

    I am not familiar with Superannuation rules, so why is it that you don’t have much control over the percentage of cash? It would be nice to have those funds working for you, but you’ve achieved a nice return and it will be interesting to see how the coming year works out for you.

    Reply

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