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    Benefits of consolidating superannuation

    To find out more about cookies, what they are and how we use them, please see our privacy notice, which also provides information on how to delete cookies from your hard drive.The benefits of consolidating superannuation are well documented, yet the Australian Taxation Office (ATO) still holds billion held in lost superannuation and Australians are estimated to hold up to three superannuation accounts each on average.It’s all about maximising your savings for your retirement by consolidating all your existing super into the one fund. Many super funds let you switch online, in a quick and easy process.

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    The more super funds you are in, the more fees you may pay and the harder it is to keep track of your super.The advantages of consolidating superannuation accounts include: The Government has made it easier to locate and consolidate superannuation funds in the past 12 months.By using the Tax File Number (TFN) as a universal identifier, all superannuation can now be tracked and quickly transferred between superannuation funds. This short video explains consolidation, the benefits and what you need to consider when consolidating your super accounts.Consolidation simply means moving all of those funds into one account.

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