If you have more than one super account that you would like to combine with Media Super, simply repeat the steps above for each fund.Simply call our Super Helpline on 1800 640 886 and our friendly operators will talk you through the process.Whilst it is often placed in the 'too hard' basket, superannuation is your hard-earned money and your future that's at stake.Decisions you make today can make a big difference to your lifestyle in retirement years from now.
Combining all those super funds into one can make it easier to track, easier to manage and importantly, allow you to take advantage of the power compounding returns.
In addition, many super funds charge administration fees on a tiered basis so that the fees decrease as your balance increases.
Considerations - beware of fees Once you’ve chosen to consolidate your superannuation, you should decide which super fund will best suit your personal circumstances.
Why it makes sense to consolidate your super If you’ve worked for more than one employer there’s a good chance you’ll have more than one super account. While opening a new account when you start a job can make sense at the time, down the track it can mean you end up paying multiple sets of fees and have accounts all over the place.
This document has been prepared by Falcon Capital Limited, AFS Licence 302538, in association with MCCA Ltd, based on its understanding of current regulatory requirements and laws as at 30 September 2014.