Brett Evans

Sorry, and the big global banks, what are they charging?

3% to 5%.

HSBC is probably one of the worst.

Unless you're a premier client, you qualify for the upper echelons.

Yeah, the big banks will rely on your laziness.

Yep.

They rely on your laziness of just being able to pick up an app and go, bang, the money's there, real time.

People don't run the numbers.

And when we run the numbers, they're quite staggering.

55.

It's interesting.

Actually, I'm here running seminars in Zurich tonight and in Geneva two nights ago exactly about this topic because you are bound to hold your accounts in Australia regardless of your circumstances, whether you're in Australia or outside.

so first thing you need to do is go through and do a bit of housekeeping on that super fund to make sure it stands on its own two feet while you're overseas because you're not having 12 super guarantees being paid into that account so quite often employer contributions can mask poor performance or high fees so when you stop contributing to it that's when that momentum may slow down so

Number two, certainly life and TPD insurance is not always valid while you live overseas.

So we have come across cases where people are paying insurance premiums for no insurance.

They could never claim on it.

So talk to your fund to make sure that they don't preclude your insurance if you do live overseas.

And if you do, turn it off.

Last one would have to be SMSFs.

That's the biggest one.