Busting super myths
Some of the things people say and hear about super aren’t always correct. To help you separate fact from fiction, we’ve busted a couple of common super myths.
Change in exit fee in line with AWOTE
In line with the change in the private sector average weekly ordinary time earnings (AWOTE) for the 12 months to 30 November 2016, the exit fee paid by members in Qantas Super Gateway will change from 1 April 2017.
The exit fee, which reflects the charge paid to the administrator, will increase from $115.76 to $117.97.
Please see the Gateway Product Disclosure Statement (PDS) for more information on the fees and costs that apply.
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The 10 postcodes with the highest average super balances
Your parents probably taught you that you shouldn’t compare yourself to others, but sometimes it can be fun to look at what others are up to – particularly when it comes to money.