Consolidating super ato

If your details have changed, your old super fund may have lost touch with you and transferred your super to the Australian Tax Office (ATO). All we need is your tax file number (TFN) and your permission to search for other super accounts with the ATO.

Superannuation is a trillion-dollar industry that the vast majority of Australian workers are invested in, whether it is voluntary or legally obliged.

However, people have been found to have multiple super accounts.

Under new proposed rules, passive fees on accounts with balances less than $6,000 will be capped at 3% per annum.

In addition, exit fees on super accounts will be abolished.

Past performance is not an indicator of future performance.

Neither the SAS Trustee Corporation nor the New South Wales Government take any responsibility for this information or the services offered by State Plus, and nor do they, FSS Trustee Corporation or State Plus guarantee the performance of any product provided by State Plus.

Keeping your superannuation in the one account may save you money on multiple fees, removes the hassle of paperwork, and gives you greater control over your retirement savings.

There are some important things to consider before you combine your super: Through your working life, you may have been paid superannuation into many different funds. We offer a members service to search for lost super.

This ensures your account starts earning interest as early as possible.

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