The Best Superannuation Fund for me?

I am 49 year old man, recently immigrated to Australia. I have been receiving a disability pension from the U.S. Government and a disability benefit from my private disability insurance company. My accountant here told me to put some money in a Superannuation Fund before 30 June to decrease my personal income tax here in Australia. What is the best Superannuation Fund for me?

Heres the deal:

In Australia, NOBODY is going to give you any personal financial advice, or anything that could be percieved as financial advice, without being satisfied that they have sufficient information to make an accurate reccommendation. They would also need to be licenced to provide financial advice and provide you with a statement of advice outlining their recommendations and the reasons for them.

Generally speaking, here is a couple of points you would need to consider:

1. I assume that since you are disabled, you are not employed here in Australia. That means that there is no employer sponsored or industry fund available to you. You would need to join a 'retail' fund.

2. Most superannuation funds come with some level of death/disability insurance. If you are already on a disability payment then this insurance might not be available to you (or might be available with an increased premiums, a lower sum insured or restrictions/exclusions), you need to read the insurance policy thoroughly before you waste your premium payments.

3. Different superannuation funds charge different fees. If you make a $200,000, some funds might take up to 5% or more of this as a contribution fee. You need to understand the fees.

4. Different superannnuation funds provide different investment options and use differnet investment managers - these should also be compared between funds.

This is not meant to be financial advice.

I have only provided the above examples to help you understand that speaking to a financial planner is well worth it when it comes to choosing a superannuation fund that meets your needs and objectives.

Choosing the wrong fund could result badly.

Cheers,
Richard