Are you working in Australia? One of the great benefits of working in Australia is the employers contribution to the Superannuation fund. The employer’s contribution is 9.5% of your salary. So, if as a 457 worker you are earning $54,000 a year, your employer contributes $5,130 per year on your behalf. This is in addition to your regular pay. This money is invested on your behalf.

See the article below for some examples of the latest investment performance. If you stay in Australia and become a permanent resident this money is for your retirement years. If you leave Australia and give up your 457 visa, the money will be returned to you. Either way it is a great savings program for your future. You can learn more about your super fund here, on the website of the Australian Taxation Office: If you have questions you can always give us a call at Yangwha Visa! – Australia #: (08)6331 3123, Philippine #:  (+632) 8435469.

From The Australian

VICTORIAN state public servants and Telstra employees have more reason than most this year to open their annual superannuation fund statements: their main industry funds scored a dead heat at the top of the performance charts for 2013-4 by returning 15.8 per cent.

The average superannuation fund posted a double-digit return for the second year in a row in fiscal 2014, on the back of a strong performance from local and offshore equities.

The median growth fund in the survey, according to consultants Chant West, returned 12.8 per cent and eight of the top 10 performers were either industry funds or the Telstra stand-alone company fund.

Chant West surveyed what is by far the biggest category of funds, growth or balanced funds, that have between 61 and 80 per cent invested in growth assets such as shares and property.

The survey showed that after a nasty lurch in the wake of the global financial crisis, super funds have now had five consecutive years of positive returns.

“That’s a cumulative increase of about 58 per cent, or just under 10 per cent per annum,’’ Chant West principal Warren Chant said.

“It’s particularly impressive given that the typical longer-term objective for growth funds is to return between 3 and 4 per cent above the inflation rate, which translates to an annual return of between 6 and 7 per cent.’’

The other top 10 funds in descending order of performance were Statewide Super’s MySuper on 14.9 per cent, CFS FirstChoice Growth on 14.3, Kinetic Super Growth on 14.2, MLC Growth on 14.2, Intrust Super Balanced on 14, and three big funds, AustralianSuper Balanced, UniSuper Balanced and Sunsuper Growth, all on 13.9 per cent.

The CFS and MLC funds are both retail funds.

Mr Chant said growth funds had added 70 per cent since the trough in early 2009 and are about 25 per cent above their pre-GFC high from October 2007. Growth funds were also 6.9 per cent higher than 10 years ago.

“This strong bounce-back shows how resilient and forward-looking markets are, because it’s been achieved despite a patchy economic background,” Mr Chant said.

“It all goes to show how dangerous it is to attempt to ‘time’ investment markets.

“If you lost your nerve during the GFC and switched to a more conservative strategy, you’d have crystallised your losses and missed out on this robust recovery.”

Mr Chant said domestic and overseas shares boosted the 2014 result, adding that the better performing funds had a lower exposure to cash and bonds.

Andrew Main, Sydney Wealth Editor, The Australian, 22 July 2014,


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