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Vanguard - SMSF

Discussion in 'Other Asset Classes' started by Greyghost, 7th Apr, 2016.

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  1. orangestreet

    orangestreet Well-Known Member

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    I have looked at the member direct option for Australian Super a few times. I have also considered ING Super (direct investing) as well. However, I am now leaning more and more towards using the "Australian Shares" option within Australian Super. Low management fee, historical performance is solid and no hassles with brokerage and whatnot.

    From memory, I think this is what @The Falcon has as well. My wife's account is with this option now and I will consider moving mine into it at some stage too.
     
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  2. pippen

    pippen Well-Known Member

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    I take it this is in the DIY option mix with australian super? .31% fee per annum??
     
  3. orangestreet

    orangestreet Well-Known Member

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    Yep, thats the one. Look at its performance. Not too shabby.
     
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  4. pippen

    pippen Well-Known Member

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    Yep quiet solid, any idea how franking credits work in this option?
     
  5. Newfast

    Newfast Well-Known Member

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    Australian Super members directangular option can only let you invest in Asx300 and etfs no LIC's
     
  6. House

    House Well-Known Member Premium Member

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    Missed this question so emailed the author. He responded with "ING Living Super is the lowest cost that I know of at $360 p.a. and allows you to then invest in exchange traded funds (ETF) that start at only 0.04% p.a. This is a much simpler alternative to a SMSF".


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    Not sure how competitive the fees are but I'm with REST Super and their Core Strategy is .6%. Quick calc shows ~2% yield after fees.

    I'd rather have all my Super in something like VAS for the next 30 years so looking for alternatives and the above sounds good :)
     
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  7. trinity168

    trinity168 Well-Known Member

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    How is life insurance and income protection coverage for SMSF or the other super funds mentioned above compare?

    Thanks.
     
  8. Watson17

    Watson17 Member

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    Hi Guys,

    Thanks for the info on this so far, im very much a novice when it comes to super but have recently been looking into changing funds and taking more note about fees etc. I have been told the HostPlus balanced index fund is a great option. Does anyone currently use this or know if its a good option?

    Thanks,
     
  9. ErYan

    ErYan Well-Known Member

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    ING won't allow you to go 100% VAS but it would allow 20% VAS, 20% IOZ, 20% STW and 20% ARG (for example, I don't know of another large cap Australian ETF index but ARG or other LICs may give you diversity but still within Australian large caps) with 19% in balanced Australian fund (no fees) and 1% in cash hub.
     
  10. trinity168

    trinity168 Well-Known Member

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    Hi All,

    In the initial stages of exploring SMSF and, was chatting with a FP today. Their fees are at approx $3K for SMSF (mine and hubby's) which includes, tax returns, reports and compliance. For those who have been with either ING super or Care Super or another industry SF for over a year, could you share what tax/reporting requirements are requried?

    Thanks.
     
  11. Ross Forrester

    Ross Forrester Well-Known Member Business Member

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  12. trinity168

    trinity168 Well-Known Member

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    Hi @Ross Forrester

    Below is the list of services that 3K includes
    - setup/rollover
    - investment allocation
    - estate planning
    - tax returns
    - compliance
    - reporting obligations
    - audits

    Going back to my original question, for those who have been with either ING super or Care Super or another industry SF for over a year, could you share what tax/reporting requirements are requried?

    Thanks.
     
  13. Ross Forrester

    Ross Forrester Well-Known Member Business Member

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    Exactly. You have been given a list of services that is included in a $3k fee.

    You should ask for a dollar cost for all charges (direct and indirect) that will apply.

    The answer is often different and that is the dollar number you should compare.
     
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  14. orangestreet

    orangestreet Well-Known Member

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  15. trinity168

    trinity168 Well-Known Member

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    No insurance for that price.
     
  16. trinity168

    trinity168 Well-Known Member

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    So, I am at a point where I am comparing, if it is worth it for me to go SMSF. And also looking at Australian Super, or ING super or Care Super.

    Am with AMP at the moment.
     
  17. ACMH16

    ACMH16 Well-Known Member

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    Yup, and the answer you've gotten so far is that the quotation you've been given at the moment probably isn't complete, and so you need to ask for a complete quotation including all costs.

    The answer is likely to be that it's cheaper to go with a very low percentage based fee like sunsuper or a low fixed cost fee like ING's quasi-SMSF, but you're giving up flexibility in both of these and hence you can't make a comparison without actually knowing the real total cost of an SMSF
     
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  18. turk

    turk Well-Known Member

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    E Super may be worth investigating.
     
  19. trinity168

    trinity168 Well-Known Member

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    I understand the quality of answers I get also depends on the quality of questions I ask. :) And, being a total newbie on this, my questions have been very broad. Only started reading about SMSF this week.

    Trying to piggyback on people's experience with SMSF and, or ING super, Aus Super, Care Super or other industry super fund which, has enough flexibility ( to invest in LICs and ETFs ), and reasoble fees (not like AMP).

    Thanks :cool:
     
  20. orangestreet

    orangestreet Well-Known Member

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    I meant what are you going to do about insurance requirements within your SMSF?