I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Here's How to Combine Superannuation

It is easier to monitor your superannuation when it is all in one fund. You could pay fewer payments by combining your funds making a huge difference to the superannuation balance once you retire also, it provides you with a clear view of how the superannuation is invested, and how it is performing.

Before you combine, check if you will be charged with any withdrawal or exit payments, and consider any tax or investment implications as well as whether you like to keep the insurance you could have with the super fund.

How Is Your Superannuation Invested?

Superannuation is an investment that's long-term, and to make the most of it, it is vital to check it regularly to ensure the way it is invested is right for your stage of life and financial situation. A small alteration to your superannuation now could add thousands of cash to your superannuation account once the time you retire.

Can You Add More To The Super?

Frequently when we commence a new occupation, we get a boost in salary. Therefore, it is an excellent time to consider how you will utilize those additional funds. If you can sacrifice a portion of your salary into the super fund, there are numerous benefits available. You will increase your superannuation balance quicker and lessen the paid tax since salary-sacrificed funds are only taxed at 15% instead of at your rate of income tax (which is as high as 49 percent). Just ensure you do not go beyond the contribution limits.

Is It The Right Time To Consult A Financial Adviser?

If you have never asked a financial adviser previously, this could be a very good time to speak to one. They can aid you to get your superannuation organized and guide you on the most excellent fund, insurance, and investments to suit the current situation you have.

If you now have one, consider contacting him or her so you can talk about whether you are still on course to get the investment objectives you decided together.

If you want more information on how to combine your super funds, call us at 1300 252 167

All information on this website is of a general nature only. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you. We recommend you read the product disclosure statement(s) and the financial services guide before making any financial decision.

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