Consolidate Your Super For A Cash-filled Future
July 10th, 2009 | 
Author: Consolidate Your Super For A Cash-filled Future
Contributing to your super is probably one of the most financially responsible things we can do. WE are heavily encouraged by the Government to make regular payments.
In fact every time you start a new job your super details are required. But how many super funds have you joined up to? Chances are more than one.
Over 5 million Australians have lost some of their superannuation and thats just not right! For Australian workers its not uncommon to end up with up to 10 different superannuation accounts.
You dont want to be paying fees to different funds when you only need to be paying once. Why should you be applying for payday advances when the couple of hundred you need is yours for the taking.
Just like a leaking tap this is a surefire way to slowlybutsurely watch your money go down the drain. With almost 10 billion in lost super funds lying around unclaimed the most effective way to recover your retirement fund efforts is to consolidate your superannuation accounts.
Heres how you can do it…
Compile a list of all your superannuation accounts
Compare the pros and cons of each and every one
Decide which is the one that you want to consolidate your accounts into
According to Australian bylaw all Australian workers are entitled to have accounts with any open super fund which includes some of the big industry funds. These funds typically have lower fees than most retail funds so youll be better off in the long run.
If youre struggling to compare or just cant be bothered head to www.superannuation.asn.au where you can use the Association of Super Funds of Australia Ltd ASFA funds calculator.
The next step is to start moving your different funds accounts into the one account of your choice. It can be easy to become uninterested at this point as it can sometimes be a bit of work. But stick with it. You dont want to be scrambling for payday cash loans for the rest of your retired life because all your fund fees ate your super up!The easiest way is to go to the fund provider that you intend to stay with. A lot of the time they will be happy to do a lot of the work for you.
So be proactive educate yourself on your finances and consolidate your superannuation funds so you can have the retirement you deserve. You want to be the one with enough cash to be handing out the payday loans not the other way around!
About the writer:nbsp;nbsp;After helping Australians out with payday cash advances for over two years Payday”>http://www.paydayonline.com.au”>Payday Online know what matters.If you dont have the time to mess around with forms or time to waste waiting for overnight money transfers then were here to help. We welcome everyday Australians to use our service at their convenience for a quick safe and hassle free cash injection in less than an hour. Check us out today at http://www.paydayonline.com.
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