Things to consider
More and more of our customers are benefiting from super consolidation and you could too. But before you consolidate, it's a good idea to consider the following points:
- Will you pay any Exit or Withdrawal fees from your existing super fund?
- If you hold insurance in your existing fund and want to keep it, can it be transferred? Insurance cover is not automatically transferred when you consolidate. It will generally be cancelled, so make sure the insurance in your new fund meets your needs. Check the features to ensure that you are not losing anything that are important to you in your existing funds.
To find out the details of your current fund, you can either check your annual statement or contact the super fund.
Tax deductions: If you’ve made an after-tax contribution to the fund you’d like to move money from, you may be eligible to claim a tax deduction. You can only claim a tax deduction before exiting the fund. Find out more by reading the ‘notice of intent’ guide or call AMP on 133 888.
Important informationShow more
It’s important to consider your particular circumstances and read the relevant Product Disclosure Statement or Terms and Conditions before deciding what’s right for you. This information hasn’t taken your circumstances into account.
This information is provided by AMP Life Limited. Read our Financial Services Guide for information about our services, including the fees and other benefits that AMP companies and their representatives may receive in relation to products and services provided to you. All information on this website is subject to change without notice.
1 Favourite for super - largest market share by assets under management at aggregate level for super. Plan for Life, December 2014.