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Old 06-04-2010, 09:49 AM   #1
stang65
FPRJET
 
Join Date: Dec 2004
Location: Melbourne
Posts: 1,143
Default Super

Hi all,
just wanted to pass on my experience with my super company.
I have been out of work for the past year and have just noticed on my latest super statement that I was charged $437.00 for insurance premium and $426.00 for income replacement.

Now at no time did I agree to these but the super company say`s that the employer puts them in by default.

They have now left me with $1500.00 in my super account. These super comapnies are bleeding people dry with fees and charges. if no money is being paid in by the employer why would I need income protection?

My advice to everybody is keep an eye on your super as i beleive super to be the biggest scam out there at the moment.

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