Why should I find all my superannuation accounts and Consolidate Multiple Funds into One?
Every super fund has their own set of admin fees, charges and some times life insurance premiums as well. If you have multiple superannuation funds you will end up paying multiple set of those fees and charges. If you maintain one fund you will only have one set of fees and your super account could grow at a faster pace.
How do I Pay for your Service?
There is no charge or obligation to find and track down all your lost, inactive and active superannuation accounts. If you decide to consolidate all your funds into one account using our service, we charge you a nominal administration fees, this fee is deducted from the recovered superannuation funds itself, there is no out of pocket expense. Adviser will take your verbal consent and discuss options before we proceed. No action is taken or fee is charged without your approval at any stage.
What Information will we get from the Search?
We will find all your past super funds you have since 1992.
Are you objective in which fund to consolidate with?
We use Your Choice Super with OneVue where default investment choice is Balanced Fund, as our Default fund option for consolidation purpose. As funds are recovered you will be able to move them to your nominated Fund of your choice or You can stay with Your Choice Super as your main superannuation fund, choice is completely yours.
When can I access my Super and what is my Preservation Age ?
You can access your super: when you turn 65 (even if you haven't retired), or when you reach preservation age and retire, or under the transition to retirement rules, while continuing to work. There are very limited circumstances where you can access your super savings early. These circumstances are mainly related to specific medical conditions or severe financial hardship. Your preservation age is not the same as your pension age. Your preservation age is the age at which you can access your super if you are retired (or have started a transition to a retirement income stream).Your preservation age depends on when you were born. You can use this table to work out your preservation age.