Holding multiple superannuation accounts means multiple sets of fees, more paperwork and the difficult task of keeping track of your super. Combining your super can help to minimise these impacts and allows you to develop a clear investment strategy, which should provide you with the earnings you need to grow your super for retirement! Most people are surprised at how much money they have accumulated when they add up all of their various funds.
You can track down any lost super through the Australian Taxation Office by ringing their superannuation information line on 13 10 20.
IMPORTANT INFORMATION.
Its important to review any impact that transferring your benefits may have prior to you doing so.
For example, some funds have exit fees and any insurance that you may hold within your superannuation investment may lapse!
You need to be aware of the differing fee structures and benefits offered by each of your funds prior to making the decision to consolidate your super.
Our financial planning department offer a super consolidation service and are able to take the hard work out of this for you.
Call us at the office to organise and appointment and we will get your super working harder for you!
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