Choosing a superannuation fund can be confusing, here’s a good starting point…

1. Industry Funds:
   • Run by industry associations or unions.
   • Tailored to specific industries.
   • Costs are usually low to medium.
   • Profits get reinvested for the benefit of members.
2. In-House Corporate Funds:
   • Managed by a board of trustees chosen by the employer and employees.
   • Designed for company employees.
   • Costs are low (sometimes covered by employers).
   • Profits typically reinvested for members’ benefit.
3. Public Sector Funds:
   • Governed by a board of trustees representing government employees.
   • Costs are low.
   • Profits reinvested for members’ benefit.
4. Retail Funds:
   • Managed by financial institutions.
   • Available to anyone.
   • Costs vary (medium to high), but low-cost options exist.
   • Fund managers retain some profits, impacting returns.
5. Self-Managed Super Funds (SMSFs):
   • Individuals or small groups (up to six members) manage these.
   • Ideal for those seeking more control over investment decisions.
   • High costs but potential for greater returns (profits are yours to keep).

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