superannuation, superannuation fees
Q. Do you know how much you are paying in fees each year to your superannuation fund?
|
Total |
|
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
|
Industry fund |
Retail fund |
Self-managed |
|
| Yes, I know exactly |
18% |
|
22% |
15% |
9% |
18% |
35% |
17% |
21% |
46% |
|
| Yes, I know approximately |
41% |
|
42% |
41% |
38% |
41% |
46% |
43% |
51% |
40% |
|
| No, I don’t know |
40% |
36% |
44% |
53% |
41% |
19% |
41% |
28% |
14% |
18% say they know exactly how much they are paying in fees to their superannuation fund, 41% know approximately and 40% don’t know.
Those more likely to not know how much they were paying in fees were aged 18-34 (53%) and those with lower education levels (49% of those with no post-secondary education).