Aviation Superannuation

[Stretch06]

I just attained my initial Grade 3 Instructor rating and have secured some casual work instructing at the local flying school when I am not working my full time job. However, my current superannuation company will not accept contributions from the flying school as it is not a related industry (eg, retail v aviation)

Therefore I look towards the old and the new on this forum with the question of what Superannuation company do you use/recommend/not recommend?

Apologies in advance to the moderators, if naming companies etc isn’t allowed do to forum rules, please advise. I figured that some responses may contain information useful to other readers as well.

Are there any companies that specialise in Aviation/Pilot super?

I am looking towards transitioning from my current full time job to flying full time some time in the future.

Thankyou in advance for your response (both positive and negative...)

[tail wheel]

You are obviously with an industry specific super scheme?

You probably need to roll your super into a non specific super fund e.g. AMP. Sunsuper etc which does not have restrictions.

A word of caution - many super contributors structure their super accounts to meet their own needs. Any recommendations may not meet your specific needs.

Tail Wheel

[Stretch06]

TW,

Yes I am with a industry specific super scheme at the moment.

I understand that any advice is clearly just that, advice. I will do my own research etc I just figured that everyone in here might be able to direct in me in a few directions to start with.

Cheers

Stretch:ok:

[Islander Jock]

A flying school paying super:ok: I'd hang onto that gig.
Sounds like one of the few doing the right thing.:D

[Stretch06]

Thank you to the few that have replied. If anyone else has any usefully information I would still greatly appreciate it...

[hurlingham]

Go and find a company like AMP and sort your own scheme out. Be very careful in your research some of them charge ridiculous fees for moving $ in or out.
Could be well worth your while to find an unbiased consultant and pay for some advice. A good super scheme will set you up later on. Ultimately you need to look at being a self funded retiree

[justanoldboy]

Retail Funds generally charge high fees. Do a search for "Industry Funds" there are many out there, generally low fees, but read the fine print. Details are usually available on line, down load the application form, get an account number and give the details to your employer.

An example is cBus although set up for the construction industry they will accept your contributions.

[Skystar320]

Stay away from AMP their **** they lost me contribution 3years ago. I would stick with the big 5 companies as they charge lower fees and generate usually better returns