Super consolidation
Do you need more than one superannuation account?
Consolidating all your superannuation (super) into a single account could provide the following benefits:
- you will only have one set of fees and charges, this could save you money so you are not paying multiple administration fees
- you will be able to easily manage your investment strategy and options
- if you make a change, you will only have one set of paperwork to complete.
Check your insurance
It is important that you ensure you have adequate insurance arrangements in place before closing any super accounts. Check the insurance arrangements in each account before making any decisions. Your financial adviser will be able to help you decide which insurance plan is best suited for your individual situation.
Not sure if you have any other accounts?
It can be hard to keep track of multiple accounts, and if you move jobs or house, you might have lost track of one of your super accounts. Contact us as we can easily help your find your lost super account, or log onto SuperSeeker at the ATO website. (Tip: you’ll need to have your Tax File Number handy)
It’s easy to consolidate into your IOOF super account
If you decide to consolidate your super into your IOOF super account, you simply need to fill in a Request to transfer a superannuation benefit form with the details of your IOOF super account and the details of the super fund from which you want to transfer funds. Click here to access the form or contact us to have a form sent out to you or if you need any help.