Get it together for smoother super

24-Sep-2014

If you’ve ever changed jobs, chances are you may have more than one super account. At VISSF, it’s easy to combine any other super accounts you have into your VISSF account. We can even help you find it by performing a free search if you have lost your paperwork, or are unsure which funds hold a super account balance for you.

smooth superJust go to vissf.com.au/forms-you-need

• If you would like us to search for any lost super you may have, use 'Search for my Super'
• To transfer your balance from a different fund into VISSF, use 'Transfer whole of benefits between funds'

You should check with your other fund/s whether they charge any exit or withdrawal fees for moving your benefits or if you will lose any benefits upon withdrawal, including any insurance entitlements for death and/or disablement.

Top reasons to get your super together

Having more than one super account can make it hard for you to see just how much super you've got. By combining your accounts you'll:

  1. Pay just one set of fees, which could make a significant difference to your retirement savings over time.
  2. Know exactly how much super you have, with less chance of losing touch or missing out on your hard-earned savings.
  3. Control your position, making it easier to manage your investment strategy and reach your goals.
  4. Save time because with only one set of paperwork to keep track of you can concentrate on watching your super's progress.

Tip

By law, super funds have to transfer any lost or inactive accounts to the Australian Tax Office (ATO). This means affected account holders could lose any insurance cover they had and potentially earn less interest on their accounts than if it was invested in a super fund.

The best way to make sure your super doesn’t end up with the ATO is to keep your contact details up to date. Let VISSF know today if any of your details have changed. Contact our Client Services Team or login to Member Online.

This article was taken from the Spring 2014 edition of VISSF Super Views:
Click here to download the full newsletter.

Image Source: José Carlos Cortizo Pérez, Creative Commons 2.0

Chant West Super 2018 Pension 2018

My Super News

A focus on accumulation performance

03-Apr-2019

On the back of volatile markets and heightened geopolitical risks, the year ending 31 January 2019 was challenging for investment returns. Read More

Is it time to insure your biggest asset?

03-Apr-2019

Just like Dr. Seuss, at VISSF we believe You matter. And the people you spend time with - your family and friends, they all know how valuable You are too. Read More


image description

Download our VISSF App!

Connect to your super whenever you want, wherever you are.

  • Download on the App Store
  • Get it on Google Play

 

Please note:

We encourage all VISSF members to register for the new Member Online service (it takes less than a minute) and explore the broader range of features and benefits.


Find out more here.
Members Login »