Most people have multiple super accounts as a result of changing jobs and lose track of how much they actually have.
Did you know that most people who finally get their super sorted are pleasantly surprised? They often report feeling a great sense of relief and satisfaction and begin to place more importance on their retirement savings.
What are your dreams for retirement? What is the likelihood of achieving them with your current superannuation position?
Research by Rice Warner has found that if all super fund members were to consolidate their multiple accounts, the average Australian account balance of $50,300 would jump to $90,000 – an increase of 79%. Policymakers and the super industry tend to concentrate on the average account balance when discussing national retirement savings rather than the average member balance, a more realistic, less bleak figure.
All consolidation requires is a few mouse clicks on the myGov website … or, you can ask the team here at Super Equity to do the consolidation for you. Apart from saving on fees, it will make managing and monitoring your super more convenient.
Think of it like a stock take. Find out how much super you have and who it’s with. Once you bring that information together, straight away you are in a position to make much smarter decisions, and with Super Equity – unlike with other funds – you’ll instantly be more in control of those decisions, because at Super Equity you’ll know exactly where your money is being invested, and have regular communications with your personal advisor.
If you are one of those people that have been putting off the dreaded consolidation conversation – get in touch. It’s easier than you think, and, you may be richer than you think!
Call us today to get started on 1300 319 018.