SUPERANNUATION
Combine your Super
Super in a few places isn’t just messier — it’s a lot more expensive. Consolidate with us for fewer fees and easier management of your super account.
If you’ve ever changed your name, address or job, chances are you have more than one super account. And more than one account means more than one set of fees. By consolidating your super, you put all of it in one place and with one super fund. That means only a single set of fees, plus easier account management.
Fewer accounts mean fewer fees.
Compare the Difference
Multiple Super Accounts
Super Account
Balance
Fees
Account #1
$50,000
$437
Account #2
$50,000
$682
Account #3
$50,000
$793
Total
$150,000
$1912
By paying fees on the three accounts, he pays more each year on extra fees. Meaning he has less to reinvest in super overtime and can’t save as quickly.
Consolidated Super Accounts
Super Account
Balance
Fees
Account #1
$50,000
$1077
Total
$50,000
$1077
By consolidating accounts, he only pays one fee. The money he saves is reinvested to his super balance faster.
This information does changes, please ensure you talk to your Adviser and you have read the current version of the Super Simplifier Product Disclosure Statement (PDS) before making any decisions
ASFA estimates that the lump sum needed at retirement to support a comfortable lifestyle is $640,000 for a couple and $545,000 for a single person. This assumes a partial Age Pension.
ASEA estimates that a modest lifestyle. which covers the basics. is mostly met by the Age Pension. They estimate the lump sum needed to support a modest lifestyle for a single or couple is $70,000.
Accessing your Super Early
Super is a long-term investment for your future, so you need to meet certain conditions before you can access it. Situations where you may be able to access some of your super include:
- Reaching preservation age
- Severe financial hardship
- Compassionate grounds
- Permanently leaving Australia
- The First Home Super Saver scheme
- Terminal illness or permanent incapacity
Contact your Meezan Super Advisor for more information and how we can help,