Your super is your savings for your retirement and we all know that too many fees and charges can eat into that final nest egg. If you have received multiple superannuation statements this financial year then it might be a good idea to consolidate your super while you do your tax return this tax time.
There are many good reasons to consolidate your super such as saving costs by paying only one set of fees, reducing your paperwork and also making it easier to keep track of your super. While there are a lot of benefits to rolling over your super into one account you will still need to do your ground work and compare the different funds’ performance, consider whether there are any exit fees, whether you have insurance with a given fund and if your employer contribution changes based upon which fund you use.
And if you chose a new super fund don’t forget to tell your employer!
When you are ready to roll over your Super you can access the required forms here: