Benefits consolidating superannuation datingcoachcanada com

The Super Match database currently holds records of: Media Super will not charge you a fee to combine your other super into your Media Super account, but some funds may charge you an exit fee.It’s a good idea to check your other fund’s statement or website to find out if any withdrawal or termination fees or other penalties apply.If you have changed your name, address or job, your fund may no longer be able to reach you.

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Strategic Insight, Marketer View – Retail managed funds, September 2017.

Tax Office figures show that over 14 million Australians have a super fund account and around 45% of these people have more than one super account.

To consolidate super can also mean having only one set of fund statements to read, making it easier to keep on top of your superannuation and evaluate how it is performing.

With just one fund to keep track of, consolidating your super also makes it easier to keep tabs on your super throughout your working life, so you potentially won’t miss out on any superannuation savings in retirement.

Visit our Lost Super page for instructions on how you can search for your super, or provide Media Super with consent to search for super on your behalf.

Media Super will use your name and Tax File Number to search the ATO Super Match database for accounts that match your details.

This can be a good way of combining super at the same time as submitting forms to join the fund.

Before making a decision to combine your superannuation, you should consider any penalties such as exit fees, change to insurance cover or loss of benefits that may apply and, if necessary, consult a qualified financial adviser.

If you are migrating or returning to Australia it may be possible to transfer your retirement benefits from an overseas fund to an Australian complying super fund, even though accessing the funds may not be possible until retirement.

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