"Instead of showcasing the challenges of women as a group, I look to help each woman as an individual with a plan that is right for them."
Many of us end up with more than one super fund. Why?
Sometimes it is just easier when you start a new job to sign a form that allows your super payments to be
made to the most convenient fund for your employer.
This may mean that you end up with multiple super funds.
Is this really the best for you?
Below are some good reasons to only have one super fund:
- Only one set of fees
- Less paperwork
- No lost super accounts
- Easier to manage your investment strategy
However, sometimes there are good reasons have more than one super account:
- A large exit fee on a super account
- Loss of insurance benefits you won’t get from another fund
- Not possible for you to transfer your money out of an account (eg. if you are in a defined benefit fund)
- No choice of fund with your employer
Working out which options are best for you can be confusing, and that is why you should speak with a financial adviser who is an expert in
determining the best outcome for your unique situation.
Get in touch with Katherine Hann on 08 8299 9927 or at firstname.lastname@example.org for a no-obligation discussion.