The catch, however, is double

Consolidating super mygov

Verify if your funds are going to let you send your superannuation and also what the exit charges are. As time goes by it could really total to something. Past performance is not a reliable guide to future returns. Have a true copy of your passport or driver's license, or several copies if you are transferring several accounts. Super is, simply put, is your golden egg.

If you are employed, check your payslip and your superannuation account transaction records to make sure you are getting the contributions you are legally entitled to. It could be that you also have a single or more superannuation accounts you have totally forgotten about. Pros and cons of severity me. Have a record of the information of the other superannuation accounts by which you want your money transferred.

If you do not think it is well worth the effort, you need to consider the situation below. In case you are quite surprised to discover that you have one or more lost superannuation accounts, you could then proceed in moving them to your single account of preference.

You're not a citizen of

Of course, this is just a guide to get you thinking carefully before making any changes to your super funds. Multiple accounts can cost you dearly over time. Many people think that finding lost super is a difficult and complicated thing to do.

The process of looking for your lost super is free of charge. Why you need to do this is so you can reap the benefits of cheap insurance in a particular fund or raise the level of differences of investment choices. Australian Super Finder Can Help There are billions of dollars of lost super out there and a small fragment of it may be yours.

Always read the relevant Product Disclosure Statement before making a decision, or even better, contact the fund directly. If you have any questions, contact your super fund, and they should be able to help you out. This does not mean that your money from superannuation would be lost now that it is saved for you.

Consolidating super accounts is not hard. We have not taken into account your financial situation, needs or objectives. You need to make up your own mind and ascertain yourself if it is right for you.

You're not a citizen of Australia, a permanent resident of Australia or a citizen of New Zealand. Average balances are not that large but are substantial relative to what most people had in their bank account. You should not rely upon it and should seek qualified advice before making any investment decision.

Average balances are not that

Some employers such as universities have a default fund that all employees must use. The more super accounts you have, the harder it is to keep track of them all. Regardless, when you are reclaiming your super if you depart Australia you are going to get the benefit of a huge amount in return. Australian Super Finder specialise in searching for lost, inactive and active superannuation accounts. If you are, however, a citizen of New Zealand departing from Australia for a long time, you could be capable of moving your super to New Zealand.

Thank you Australian Super Finder for tracking and consolidating my multiple super fund accounts. This article has just been published and it deals with all there is to know when you depart from Australia for a very long time. If none of your superannuation funds satisfy your necessities you could open an account with a new fund, and make that your single account for your whole life. Find out how we can shape your future. Being temporarily employed in the country, you will not clearly have your retirement here.