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.
Click here to download PDF and access links for more information
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Issued by Total Risk Management Pty Ltd ABN 62 008 644 353, AFSL 238790 (TRM) as trustee of Russell Investments Master Trust ABN 89 384 753 567. Nationwide Super and Resource Super are Divisions of the Russell Investments Master Trust. The Product Disclosure Statement (‘PDS’), the Target Market Determinations and the Financial Services Guide can be obtained by phoning 1800 555 667 or by visiting russellinvestments.com.au or for Nationwide Super by phoning 1800 025 241 or visiting nationwidesuper.com.au. Any potential investor should consider the latest PDS in deciding whether to acquire, or to continue to hold, an investment in any Russell Investments product. Russell Investments Financial Solutions Pty Ltd ABN 84 010 799 041, AFSL 229850 (RIFS) is the provider of MyTracker and the financial product advice provided by GoalTracker Plus. General financial product advice is provided by RIFS or MUFG Retire360 Pty Limited (Retire360) ABN 36 105 811 836, AFSL 258145. Limited personal financial product advice is provided by Retire360 with the exception of GoalTracker Plus advice, which is provided by RIFS.
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