• Super smart: How to save big on fees

  • Apr 22 2025
  • Length: 18 mins
  • Podcast

Super smart: How to save big on fees

  • Summary

  • On this episode of the Friends With Money podcast, we tackle the confusing world of superannuation fees.

    Money's Michelle Baltazar talks with Daniel Shrimski from Vanguard Australia about how a lack of transparency and awareness around these fees can hurt people’s retirement savings.

    Shrimski shares practical tips and provides an example on how to potentially save $1,500 each year on fund fees.

    00:00 Introduction

    00:20 Understanding superannuation fees

    00:58 Guest introduction: Daniel Shrimski

    01:53 Vanguard Australia's role in superannuation

    02:06 The fund with 50 million investors

    03:08 The six types of super fees

    06:57 Reading your superannuation statement

    09:00 Pushing for transparency

    11:51 Are you overpaying?

    14:00 The average super fund fee

    15:31 Conclusion and final thoughts

    #friendswithmoney #michellebaltazar #danielshrimski #supersavings

    Links:

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    Email Us: podcast@moneymag.com.au

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    *Proudly brought to you by Vanguard Australia

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