SuperFunds with Quick Allocation Changes

Discussion in 'Superannuation, SMSF & Personal Insurance' started by smallbuyer, 15th Jun, 2020.

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  1. smallbuyer

    smallbuyer Well-Known Member

    Joined:
    25th Jun, 2015
    Posts:
    405
    Location:
    WA
    Hello,

    Does anyone know which super funds have immediate (or at least start of new trading session) changes to your allocation. Seems a number of them make you wait 2 days and if you are saying moving sharer to cash or back that can make a 15% difference these days.

    Also has anyone had experience with the choose your own share options within super funds? How does it compare to a self managed super fund?

    Cheers
     
    smallbuyer, 15th Jun, 2020
    #1
  2. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

    Joined:
    18th Jun, 2015
    Posts:
    23,555
    Location:
    Sydney
    Generally none except a direct investment option. And then its impact by T+2. Most have a designated day of the week when units are repriced and changed allocations are made. You merely request the allocation prior to thet date. Remember too that most non-cash options have a buy sell spread or a indirect fee. For direct options there are many ways fees are disguided. eg High brokerage fees, spreads, a higher fee for a direct option choiice etc

    To compare apples use ChantWest. Yes you will need to pay.
     
    Paul@PAS, 15th Jun, 2020
    #2