POWERED BY MOMENTUM MEDIA
Co-contribution still good value
Intrust Super chief executive Brendan O’Farrell is encouraging members to continue utilising the superannuation co-contribution regime despite the wind-back in the government contribution announced in the Budget.
O’Farrell said that while not as generous as before, the new co-contribution rate still represents great value for fund members.
“We particularly encourage our younger members to take advantage of the scheme, as it is the beauty of compounding interest in the early years that gives them a head start,” he said.
O’Farrell said co-contributions received by Intrust in February 2009 were actually 10 per cent higher than the previous period, but that voluntary contributions had shown an overall drop of 30 per cent in the year to March 31, predominantly driven by the drying up of one-off economic lump sum contributions as economic confidence eroded.
He said that in the nine months to March 31, salary sacrifice contributions were down about 9 per cent and employer contributions dropped between 2 per cent and 3 per cent.
AUTHOR
Mike Taylor
Recommended for you
SuperRatings has shared the top 10 balanced options of the last financial year.
Rest Super remains “fully committed” to equities, even as it anticipates higher market volatility than experienced in previous decades.
Australian superannuation funds have again generated strong returns for FY25, with the median growth fund returning 10.5 per cent for the year, according to Chant West.
The US remains a standout destination for innovation and commercialisation, according to MLC Asset Management chief investment officer Dan Farmer.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom 465 Calder Road Calder
99.46 3 y p.a(%)
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
3
Global X 21Shares Bitcoin ETF
78.55 3 y p.a(%)
4
BetaShares Crypto Innovators ETF
50.39 3 y p.a(%)
5
Global X GlobalX FANG+ ETF
47.50 3 y p.a(%)
