Consolidating your super funds

What does it mean? Moving all your super into one account, making it easier to manage and saving you money on unnecessary fees.

Before making the move, here’s what to keep in mind…

Check if your employer’s contribution will be affected due to the fund you change to, it often varies. Additionally, your insurance be come through your fund, so check if it will be affected due to a change in super funds.

Don’t forget to tell your employer about whichever decision you make, so they have the details required to pay your super in the right account.

Further information can be found on the moneysmart website, the source of our information.