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Where both funds offered the equivalent option, the returns have been asset-weighted across both options on a monthly basis, where possible.
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Doing so can cut down the amount of paperwork you deal with, save you money on fees and make it easier to understand what’s going on with your super.
Why should you do to combine your super accounts and how do you do it?
It could mean saving on account keeping fees and this can potentially make a significant difference to the value of your final super balance when you decide to retire.
To consolidate super can also mean having only one set of fund statements to read, making it easier to keep on top of your superannuation and evaluate how it is performing.
And when you transfer from one employer to another, this can often also mean changing superannuation funds.
If you’ve got multiple super funds sitting around gathering dust, it might be a good idea to consolidate them into one.