13 Answers

What fund is best for women?

Posted anonymously, 4th May 2016

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  • I’ve heard industry supers are the best.

  • It really depends on who you work for. They migh have a employer fund that has better fees, opions for you.
    We just noticed that my husbands super isnt making any money. Between fees and insurance premiums, he has only made $1000 this financial year.
    I got him to contact his HR/Payroll department and find out if his company have an preferred super fund.
    We had a look at the fund and the fees and premiums are much less than what he is paying now.
    I have worked for credit unions and banks, and have found that there preferred super options to be better. But also find out if your current super will charge you an exit fee to transfer your super fund somewhere else.
    I don’t recommend Sunsuper – that is who mu husband was with and I think you could find somewhere special.
    I was with NGS before moving to my current fund, NGS was great and I moved because I now have a government job, and they have a super fund better suited for that.

  • I was advised by my accountant of ING superannuation. Be aware that financial advisors often receive a commission for signing you up to particular funds or schemes, so it is not always in your absolute best interest (ie. there may be better performing funds but they will recommend the one that they get a cut from).

  • The best one I have found where the investment gives you more than the fees you pay (if there are no contributions) is PSSAP, however you can only obtain this if you work for the Government. If you work for the Government the contribution percentage by your employer is also higher.
    So really, it does depend on your individual situation. Being a woman is not an affecting factor.

  • I would suggest speaking to a finanical service adviser to get the best outcome for your money as everything is very individual

  • Depending on what job you are in depends on what is the best super,your boss should recommend one also.

  • I’m with HESTA as it is a industry fund for nurses but I must admit I’m a bit ignorant & don’t know too much about the nitty gritty of it all.

  • not sure, ive always been with Hesta and found them ok

  • Find an industry fund that is run for members

  • Im with REST is has done ok thoughout my employment history and also while i have not been working after having kids.. … Even in the bad times(egGlobal financial crissis) it has done ok, just, But I dont know if its the best.. I dont think it matter what sex you are as you get paid the same regardless of sex.Its what you have in it that works for you, I have noticed that it doesnt put all its money in one place on the graphs they send you out at the end of each year… I think you can even choose if you want high risk or the normal risk invetments… I say look into a few funds that sound good and dont go high risk as you could end up lossing a lot… Play it safe so at least it will still be there when you need it… Dont get sucked into the huge payers without finding out the facts as they could be high risk… The intrest raised on the fund differs every year… So when you look into one see if you can find out the results of the last few years befor signing up.. Also hyave all your money in one fund as the costs are huge.. Hy hubby had two funds at one time and was paying over $1000 on fees on both of them(including life insurace, if you dont have it and have kids its the way to go ) But since he combined it half that.. with a good payout if he became dissabled or passed away.. Eventhough i am not working i also have life insurance on mine, the interest is more that the yearly fees of having it.

  • In a lot of cases it comes down to individual preferences in terms of how your money is invested. It may be best to talk to a financial adviser

  • I used to be with BT Superannuation but switched to ING because it seems to be more consumer friendly and you have greater control over your portfolio which is important for woman who often get paid less and take career breaks for children.

  • I think you need to shop around. There’s usually specific superannuation funds for specific careers. Not sure if they have ones geared towards men and women

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