Multiple super accounts is still an ongoing issue
Go Back- 6th June 2017
Too many Australians have too many superannuation accounts – that is a fact. According to the Australian Taxation Office, approximately 43 per cent of people currently have more than one super account*. When someone has more than one super account they could be subject to extra fees, which over time can add up to thousands of dollars!
The benefits of one super account – a quick recap
- It’s much easier to track and manage
- No multiple fees, potentially saving employees hundreds of dollars a year
- No more lost super
For REST members, combining your super is now just a few clicks away. It’s never been quicker or simpler. To click your super into one place, visit the consolidation page.
Things to think about
Speak to a financial adviser to check how switching might affect your insurance, benefits and any exit fees in your current fund.
* As at 30 June 2016, source: Australian Taxation Super Data Overview website
As we have not taken into account your circumstances, please consider whether this information meets your needs. Product issued by REST. Go online for a PDS to consider before deciding. REST has no relationships that might influence our advice to you. REST does not pay or receive commissions. This information is provided by Retail Employees Superannuation Pty Ltd ABN 39 001 987 739 as trustee of REST (Retail Employees Superannuation Trust ABN 62 653 671 394). Issued June 2017.
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