This article is sponsored by our partner, AustralianSuper.
If you’ve had more than one job, it’s quite likely that you could also have more than one superannuation account at the moment.
Often when young people start working, they let their employers pick and create superannuation accounts for them. When you don’t remember to give your existing super account details to a new employer or when you don’t consolidate your super from across jobs into the one account, you can end up with multiple different super accounts.
This means you’re paying multiple different sets of fees for each account, and missing out on the benefits of compound interest.
By consolidating your super into the one account, you can reduce the fees you’re paying and start building a better foundation for the future of your super.