Super Toolbox
Consolidate your super
Do you have more than one super fund? This can lead to multiple sets of fees and charges. If you roll over your super accounts and consolidate them into MTAA Super you can benefit by saving time and money, focusing on your investment strategy and keeping track of your super.
Sometimes, however it might not be possible to transfer all your money into a single fund or it might not be a good idea. Before closing your current superannuation account you should consider the following:
- any exit fees
- a possible reduction in benefit if you leave before retirement
- a possible loss of other valuable benefits such as insurance.
You should make sure your insurance arrangements with MTAA Super are adequate before you close your other super accounts. One way of doing this is to apply for pre-approval of your insurance with MTAA Super.
Additionally, before consolidating you might like to seek professional financial advice in relation to your insurance benefits with MTAA Super.