Do you have money in another super fund as well as your HESTA account?
If you have multiple super accounts you're probably payment more than one set of fees. And over time, those extra fees could drain your super savings.
Did you realise you could save thousands of dollars by filling in a simple form?
By combining all your super accounts, you instantly save yourself any extra administration fees. Over the years, this can add up to thousands of dollars. That's why rolling over your superannuation into the one fund could help increase your retirement savings.
HESTA will do the work for you - free!
Need more reasons to rollover? Here are two: it's easy and we won't charge you a cent! Just:
- fill in the Rolling into HESTA form
- we'll contact your old fund, arrange the transfer then let you know when it's complete
In some cases, your other fund may send you some of their own paperwork to complete the transfer
Before you consolidate your super check any other benefits (such as disability insurance and death insurance) you may have through your previous fund as these may cease upon rolling over. Also check whether you will be charged any exit fees. HESTA does not charge you any fees on transfer.
You should consider whether a transfer is to your advantage, and seek independent financial advice if you have any concerns. HESTA can arrange access to free advice to help you determine the cost of having multiple accounts over the long term.