Financial Standard Comments - Increased SG equals increased fees: Research New research from the University of Sydney suggests that raising the superannuation guarantee to 12% will send fees through the roof. https://www.financialstandard.com.au/feed/latest?story=173004342 Fri, 11 Sep 2020 14:11:15 +1000 Fri, 11 Sep 2020 14:11:15 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Susan McGough (Solas Financial)

Wow talk about unbalanced research. Yes if the fees were lower then they could earn more, but investing outside of superannuation still attracts fees and typically has a higher tax consequences. I dont know of any investments that you can make without incurring fees and charges. Even cash has a hidden fee in that the bank can loan the money at higher rates than they pay depositors. If the SG contributions do not increase are employees going to magically save additional money for retirement, even if this is outside of super?

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]]> Susan McGough (Solas Financial) Fri, 11 Sep 2020 14:11:15 +1000 Comment by Susan McGough (Solas Financial)

Wow talk about unbalanced research. Yes if the fees were lower then they could earn more, but investing outside of superannuation still attracts fees and typically has a higher tax consequences. I dont know of any investments that you can make without incurring fees and charges. Even cash has a hidden fee in that the bank can loan the money at higher rates than they pay depositors. If the SG contributions do not increase are employees going to magically save additional money for retirement, even if this is outside of super?

Reply to article

For original story, Click Here.

]]> Susan McGough (Solas Financial) Fri, 11 Sep 2020 14:11:39 +1000