What Super Fund Is Best For You?
It is not uncommon for someone to be a member of more than one superannuation fund.
This can happen because they work for several employers and they don’t rollover their super to the fund used by their new employer. In this case is not unusual for a person to be a member of several industry funds or employer funds at once.
As a person gets older and has more money in superannuation, and they have progressed from maximising the value of their superannuation to drawing a pension from it, it can make sense to have a more flexible superannuation fund that might cost slightly more.
The best way I know of comparing the five main options is to look at superannuation funds as investment vehicles. Just like the choices a person faces when selecting the make and model of car they own, the defining features of the different types of superannuation funds are very similar.