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Open ANZ Smart Choice Super before Feb 28, Contribute $100 by April 30, Get a $50 Visa Gift Card

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This would be mainly useful for those eligible for Government co-contributions, a nice double dip.

Otherwise OK if you can easily divert your super, the $100 should be protected from fees and possibly cashed out at income tax rates later if you want.

You may also be able to take home a free Year of the Horse money box :-)

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closed Comments

  • +1 vote

    $50 is tiny comparing to the potential fees charged by the superfund managers. However having a look at Smart Choice Super the fee is actually not bad — $50/year admin fee + 0.5% investment fee on any option (except cash that's 0%).

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    I've noticed a lot of them charging up to $14/month in fees. Even if you have only $100 in the super account.

    Surely the fees are the bigger issue rather than an upfront visa card.

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      It is my understanding that if the account balance is less than $1,000, the fees cannot be higher than the earnings.

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      I agree, their fees are a joke. Not recommended.

    • +1 vote

      Did you actually check the PDS? $50/year admin fee + 0.5% of investment fee which is one of the lower ones out there, comparable other low fee ones like AustralianSuper or FirstStateSuper.

      Also @ginmi — you can apply online (click on Open An Account) although it wouldn't surprise me that financial products require 100 points of ID check at a branch (if you are not already a customer).

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    You can view smart choice super on the go money banking app too

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    Yes, can apply online especially if you are an existing customer. Other options include visiting branch or arrange call back.

    @xsacha there are no exit fees, no switching fees based on prospectus dated Nov 2013.

    Has anyone signed up and would like to share any feedback?

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