Benefits consolidating superannuation

Yes*, but you will need to follow the guidelines set out by the ATO on winding up an SMSF.

Some information can be found on their website here: gov.au/smsf *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.

benefits consolidating superannuation-70

It’s also important to check if the transfer affects any fund-based personal insurance you may have.

Media Super has a flexible range of insurance benefits available including arrangements to transfer cover to Media Super.

All information on this website is subject to change without notice.

Favourite for super and retirement – largest market share by assets under management at aggregate level for retail super, corporate super, government super funds and industry funds.

Just create a my Gov account and link it to the Australian Tax Office. If you've changed jobs a few times or regularly work on short projects, you may have accumulated multiple super accounts over the years.

You may have lost track of some accounts or you may have had super contributions made that you didn't even know about.

At AMP we offer many ways to bring your super together. Login to My AMP now and let us help you search for or consolidate your other super.

Better yet, if you login to My AMP all of your details will be pre-populated, making it even easier to consolidate your super and saving you time.

If you do not remember which previous funds you were with, you can get in touch with your former employer.

They should have the records as to the superannuation fund used while you were employed with them.

Once you provide all of the information required to process your rollover, your other fund must process your transfer within 3 days of the date they receive the request.

Tags: , ,