Consolidating superannuation for

Why not visit it – you may have extra super you have completely forgotten about!Like all financial decisions, it is important to know what any decision may mean, If you have Death and Total & Permanent Disablement Insurance with another super fund, transferring your balance out generally means your cover also ceases.Once registered, you can link your profile to the ATO website and then view the details for all your superannuation funds.The my Gov website also has the functionality for you to rollover or consolidates all your superannuation (within three business days).Before consolidating your superannuation, it is recommended that you check the following: Care should be taken when consolidating your superannuation as some important benefits and features may be lost.Often it can be difficult to determine the fees you are paying and compare the investment performance between superannuation funds because they invest your superannuation in different ways.The Government has made it easier to locate and consolidate superannuation funds in the past 12 months.

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To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.You wouldn’t pay more than one newsagent to deliver your paper, so why pay more than one super fund to deliver value on your retirement savings?Research from consumer group CHOICE in July 2010 show that the average Australian has three super accounts.Each account is charged administration and investment fees – this means three sets of fees for doing the work that one Telstra Super account could do.If you’ve changed jobs throughout your life, the chances are that you most likely have multiple super accounts.

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