Super Consolidation
Super consolidation is the process of combining multiple super accounts into one to save on fees and simplify your finances.
Quick Reference:
Fewer Fees. Easier Tracking. Quickly Processed.
Expanded Explanation:
Many Australians have multiple super accounts from different jobs, each charging separate fees and insurance. Consolidating your super means rolling them into one account, ideally your preferred fund. This prevents lost super and unnecessary charges. Before merging, review any insurance politcies ttached to each account, as they may not transfer automatically.