- Consolidation of your Super: A trustee is allowed to combine their superannuation assets with up to three other members, such as with a partner or family members.
Consolidate super means moving all of an individual’s super into one fund account. Consolidating super accounts immediately creates a larger fund balance, which increases the fund’s assets and investment opportunities.
A trustee is allowed to combine their superannuation assets with up to three other members, such as with a partner or family members.
Why you should consolidate your super:
- Makes your super easier to manage
- save money by only paying one set of fees
- keep track of your super balance easier
- have less paperwork