How can fees make a difference to my super?

Fees can make a big difference to your retirement benefit . As super is generally a long-term investment it makes sense to minimise the cost of that investment. A difference of even 1% extra in fees over 30 years can be substantial.

If you have had more than one job, you probably have more than one super fund. If this is the case, you are probably paying more than one set of fees. If you consolidate all your super funds into one fund, you will pay one set of fees which could make a significant difference to your super balance over a 30 year period.

View the hypothetical case study on the benifits of consolidation.

The case for consolidation, a difference that's really worth treasuring.

This guide shows you how simple it is to seek out all your super funds and put them into a single fund. This could add thousands to your super balance at retirement.

Here's a hypothetcial example of how:

• Jenny has one super fund with a balance of $10,000.
• George has 5 super funds, each with $2,000.
• They both pay an annual administration fee of $5 per month for each fund.
• Over 30 years, Jenny's super balance grows to $93, 830 compared to George's balance of just $66,642.

A difference of $27,188 over 30 years, simply because Jenny decided to consolidate.

Example based on annual returns of 8%p.a. reinvested. No allowances have been made for inflation or taxation. This assumes that the only fees paid by the member are administration fees of $60pa.a. and doesn't take into consideration any additional contirbutions made to any funds.