If you've had more than one job, chances are you have more than one super fund. This can make your money hard to manage and more costly, with multiple fees for multiple accounts.
Benefits of combining your super
While there are several ways to boost your super, one of the easiest is to close your multiple super accounts and keep your super in one value for money fund, such as Mine Wealth + Wellbeing Super.
By not paying multiple fees to different funds, you’ll have more money to invest for your retirement. Having fewer funds also makes managing your super easier.
- Save time.
- Receive less paperwork.
- Reduce your chances of losing track of your super.
Find out more in our fact sheet.
Combine your super now
Use our consolidation tool to combine your super into one Mine Wealth + Wellbeing Super account. If you have your Tax File Number handy, our consolidation tool will also find any lost super you may have. Usually your transfer will be complete within 30 days.
Use the consolidation tool
Our fees are 26% lower than the industry average on $100,000 account balances1 and we don’t pay commissions to financial advisers. Over the last ten years, this means members of an industry fund, like Mine Wealth + Wellbeing, may be up to $33,1302 better off than those in a retail super fund.
Example: While it may not seem like much, fees add up
Peter has three super funds. If Peter:
- leaves his super split between his three funds, he’ll retire with $540,234 in super
- moves his money into just one fund, when he retires he’ll have $553,888 in super.
That’s an extra $13,654 in super by age 65!
Want all your super in one value-for-money fund?
While you’re combining your super, if you haven’t already, why not get your employer to also pay your super into your Mine Wealth + Wellbeing Super account?
Find out how