Recently retired

I have recently retired at 55/11 from the APS and opted for a full pension, however there is a $1500 amount that must be kept in the superannuation system until I’m 56. Where would be the cheapest and easiest place to go?

A: Thank you for the question.

If you need to keep a minimum amount in super, I would use one of the industry super funds – probably Australian Super or REST. Typically, their minimum fees are $1.50 per week.

ING Direct has a zero fee option in its Living Super product, although this has limitations as to how it is invested.

Regards,

Paul


Read Answer