Should you combine your super?
There are benefits to combining your super accounts. Our decision tree could help you decide if that’s the right move for you.
By Ofalyn Ayuk - 3 min read
A little about Ofalyn
As a Member Solutions Consultant at Russell Investments, Ofalyn Ayuk understands all the ins and outs of super and retirement legislation, and loves to answer questions and help members.
Keeping all your super together in one account is generally accepted as an easy way to track your super and save on fees, but according to the Australian Taxation Office (ATO) almost one in four people in Australia have two or more super accounts.
For most people, it’s better to bring everything together—and combining accounts is easy to do—but there are also some good reasons for holding multiple accounts.
So, what’s right for you? Should you combine your super accounts or not? We’ve put together this decision tree to help you to answer those questions.
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