For years Australians have been paying over the odds for the convenience of paying by credit card. A new ruling by the Reserve Bank of Australia (RBA) means fairer surcharges will soon be on the cards.
The recent share market plunge will have knocked 3 to 5 percent off super fund balances and with Australians on average having four super accounts, this is a large proportion of your retirement income. Now is the time to consider consolidating your superannuation and saving on fees.
To maximise retirement benefits, investors must be proactive in managing their super, warns Jeff Bresnahan. Not surprisingly, some funds are better than others, and it is important that you know whether you are in a fund that provides everything you need for reasonable value. As most of us have never formally reviewed our super, right now might be the time to do so.
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