Consolidate your Super

Many of us have changed jobs in the last 5 years. Some more than others. The question is do you know where all your Super is?

When you move jobs the temptation is to just sign the form and go with the default Super fund provided by the employer. Anything else is often seen as ‘too hard’.

For this reason many Australians have numerous Super funds sitting around the place with different providers.

Well – time to consolidate!

Why consolidate – simple! If you have your super sitting in 4 different funds with different providers you will be paying 4 lots of charges. As there are no additional contributions going into 3 out of 4 of the funds, it is likely that they are being eaten up by management fees and charges.

There are services available to find all your Super contribution and Switching has been made very easy. It just takes a few forms and the receiving Super Fund will generally help you as much as they can.

Move all the money into 1 place and you only pay 1 set of fees and charges instead of 4 – instant saving of 75%!

Now – talk to your Financial Advisor and you may be able to save or make even more money by choosing the right Super Fund and the right investment strategy.

Take charge of your Super. It’s your money!