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

Finding and Consolidating Super

Why Consolidate Super

May people fail to merge their super funds since they think it will be a difficult process and also too time consuming or they're merely not sure of where to start working.

Letís take for instance Carol-Annís case, she said that she got serious on settling only lately and could have actually had her personal super account since she was 26, and she has fist thought of combining her super only 5 years ago. Yet she has actually determined that this year is the year sheís going to get everything together in the one account and make addition super contributions.

What's In A Name?

What takes place if you move around for work? Carol-Ann said she relocated in different states handling various agreements. She received a letter from the Australian Tax Office recommending additional super accounts.

Because she would certainly move, she thought there were various other funds out there, but had not anticipated discovering four funds with amounts amounting to $26,000 - consisting of an amount from her very first work long before, she claimed.

Just what amazed her was that the fund was gotten rid of because her name was incorrect on the database. They made her name all one word and she found it since her tax report number and date of birth were correct.

Advantages of Consolidating

Choice of Fund suggests that Australian employees could simplify their retirement savings by having just one account. And consolidation decreases the likelihood of getting rid part of your retirement financial savings.

Sophie, a self-confessed saver and stated that she desired just one account to guarantee she didn't lose any of her super. She works hard for her money so she intends to see to it and use it. She doesn't want to misplace any one of it.

Superannuation is a significant financial investment utilized to achieve your desired way of living in retirement. It contributes to a huge component of your wealth so it's important to manage it appropriately.

Whether you have a main fund which you roll all your super right into, or use your new employer's default fund and surrender existing super as you change jobs, it's a good idea to maintain it all in one place. This enables you to take care of the investment method of the account to match your personal profile and the stage of life you are going into.

More information.

If you believe you have lost super accounts, visit www.australiansuperfinder.com.au or alternatively speak with us. We'll have the ability to assist you efficiently manage your super cost savings into the one fund.

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