Benefits of consolidating superannuation native dating north america

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See the potential impact on your balance if you consolidate multiple super accounts to the lowest fee account.

Please note that fees are just one consideration when choosing to consolidate, and your financial adviser can help you select the super fund that suits you.

The usual option is to stuff them all in the bottom drawer and forget about it until next year… But there is a better way and if you act now you can sort it all out so that you’ll receive only one statement each year.

And the worst one – did I advise all of the funds of my new address last year?

Firstly, and this is a biggie, you will save on incurring multiple sets of fees that can eat into your retirement savings.

You’ll also of course be better able to monitor: So how do you decide on the account to consolidate into?

We have multiple bank accounts, a bevy of cards associated with them clogging up our wallets and the ubiquitous PIN numbers that clog up our minds!

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I thought it was going to be really difficult, but it was really easy.Well you have to consider the following: The level of flexibility and investment control you want whether this is in a Retail Fund or Industry Fund. Getting your super under control can save you money in fees, cut down on paperwork, allow you to get an investment strategy in place, and help you keep track of your money. Step 2 – contact your financial adviser who can sort them out for you. Here is a five-step process to help you on your way: Step 1 – collect all the superannuation statements you can find from your “bottom drawer”.

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