Consolidating superannuation Fuck buddy chatting
Tax Office figures show that over 14 million Australians have a super fund account and around 45% of these people have more than one super account.
Over one in ten have three super accounts and 8% have four or more super accounts.
When you join Essential Super, you will be opted into the ‘Lifestage’ investment option.
We’ll do the hard work for you and automatically adjust your investment mix as you get older.
Apart from saving on fees, it will make managing and monitoring your super more convenient.“Do a stocktake,” recommends Alex Dunnin, director of research at Rainmaker Information.
“Find out how much super you have and who it’s with.
Click here to download the PDS, or call us on 13 4074 and we’ll post one out to you.
Colonial First State is a wholly owned subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124 (‘the Bank’).
If you have a defined benefit fund, you would want to keep it. Both are pretty good funds and they do different things. Most people have multiple super accounts as a result of changing jobs and lose track of how much they actually have.Once you consolidate your super, people are often pleasantly surprised.Research by Rice Warner found that if all super fund members were to consolidate their multiple accounts, the average Australian account balance of ,300 would jump to ,000 – an increase of 79%.Policymakers and the super industry tend to concentrate on the average account balance when discussing national retirement savings rather than the average member balance, a more realistic, less bleak figure.
This is required by the funds before a superannuation search can commence.