Consolidating your super


Multiple super accounts means multiple sets of fees and paperwork. Consolidating your super accounts into one account makes it easier to manage your investment strategy and there is less chance of ending up with lost super.

When choosing a fund you will need to compare the fees, benefits and performance of each fund. Check whether your super accounts will allow you to transfer your super out and compare the exit fees and insurance cover in each fund. It is important to check with your employer that they will be able to pay your super into your chosen fund as not all employers can contribute to all funds.

Once you decide on your chosen fund, open an account with the fund and provide your employer with the details. To rollover super into your chosen fund, you can complete this online through myGov or you can transfer your super by using a form and sending it to your chosen fund.


About Author

Leave A Reply

Pin It on Pinterest