Consolidating your super, what does it mean?
Got more than one super account? If so, you might benefit from consolidating super. This short video explains consolidation, the benefits and what you need to consider when consolidating your super accounts.
What does it means to consolidate your super accounts?
If you've had a number of jobs over your career, you might have multiple superannuation funds. Consolidation simply means moving all of those funds into one account.
Why should I consolidate my super?
Consolidating your superannuation will not only make it easier to manage, but it could also help you save some money on fees. But be mindful, transferring your superannuation over to one single account might mean changing some of the benefits you have with your existing Superannuation Fund.