The changes worth making this year
December 13, 2022
Want to start the new year off right? This super solution will help.
Sometimes the area of your life that has been neglected and really needs some attention is your super. So why not start the new year on the best foot by considering whether to combine your super accounts.
Every dollar counts in superannuation and holding multiple accounts means you’re paying multiple sets of fees. Multiple super accounts aren’t just messier with more paperwork to manage – they can eat into your savings too.
You can now find your super by logging into your online account. You can also combine them together in a few clicks, it takes less than five minutes and could save you in the long run.
Before combining your super you should:
- check the implications of consolidating on any benefits you have (eg insurance, tax and fees) and in particular review any insurance cover you have through your previous funds which could be impacted;
- think about getting financial advice before you combine your super.
Have questions about combining your super?
TelstraSuper Financial Planning has a team of phone-based Advisers who can help you with questions around combining your super. Phone based advice doesn’t cost you anything extra as it’s included in your membership. To speak with an Adviser call 1300 033 166 or request a call back.
Any general advice on this website has been prepared without taking into account your objectives, financial situation or needs. Before you act on any general advice on this website, you should consider whether it is appropriate to your individual circumstances. Before making any investment decision, you should obtain and read the relevant product disclosure statement which is available on the Website or by calling 1300 033 166 between 8.30 am and 5.30 pm (AEST) Monday to Friday. You may wish to consult an Adviser before you make any decisions relating to your financial affairs. To speak with an Adviser from TelstraSuper Financial Planning call 1300 033 166.