Combining super could save you thousands! If you've had more than one job, chances are you have more than one super account. But the more super accounts you have, the more fees you pay. These fees could end up putting a big dent in your retirement savings. So why not consider combining your other super accounts into Plum? It's easy and could end up saving you thousands.

Making super simpler

Combining your old super accounts also makes it easier for you to manage your retirement savings.

One super fund means:

• one benefit statement and less paperwork to deal with;
• more control over how your super is invested; and
• you won’t lose track of your hard-earned super.

The difference of having just one super account

James is 38 years old and has three super accounts. He’s charged $130 p.a. in fees and premiums on each account totalling $390¹ a year. By combining his three accounts into one, James could save $260² p.a.

That might not sound like much – so let’s look at the impact that investing the $260 in super could have over the long-term.

Super account	Balance	Management fee	Insurance premium
Account A	$19,000	$52	$78
Account B	$12,000	$52	$78
Account C	$8,000	$52	$78
Total	$39,000	$156	$234

As you can see, with the help of compounding interest, James could have an extra $15,000 in his super by the time he’s 63!³

Is some of the $12.9 billion in lost super yours?

It’s easy to lose track of your super when you have several accounts. But finding your lost super is easy – and it’s free – so why not see if you can claim a share of almost $13 billion right now?

Go to the Find your lost super page on the Plum website and follow the prompts. Make sure you have your tax file number handy.

The next step

Should you decide to consolidate your other super accounts into your Plum account, simply complete the Consolidation form and return it to Plum.

If you require any assistance in consolidating your super, simply call a Plum Member Services Consultant on 1300 55 7586 any business day, 8.00am to 6.00pm Melbourne time.

¹ These figures have been sourced from the Australian Securities and Investments Commission (ASIC) as a representation of common fees and charges. Assumes that the fund earnings exceed management charges.
² This example does not take into account other fees typically charged by superannuation funds such as investment management costs. Nor does it take into account any exit fees, which may be applied to the accounts being consolidated that may reduce the balance of the funds to be rolled over. Consolidation will result in a reduction in insurance cover.
³ Assumes that $260 is invested annually over 25 years with an annual rate of return of 6.5%. This calculation is net of taxes and fees and is represented in today’s dollars.

Important note
When considering to consolidate your superannuation, we recommend that you seek financial advice. Savings may not be gained if you have less than $1,000 in a superannuation fund. If so, ‘Member Protection’ may apply whereby fees and charges are not applied to your account balance. Additionally, exit fees and other charges may be applied as well as changes to insurance benefits.

An interest in the Plum Superannuation Fund ABN 20 339 905 340 (Fund) is issued by PFS Nominees Pty Ltd ABN 16 082 026 480 AFSL 243357 (Trustee). The Fund administrator is Plum Financial Services Limited ABN 35 081 812 731 AFSL 243356 (Administrator). This material has been prepared by the Administrator and it contains information that is general in nature. The information does not take into account your objectives, financial situation or needs. Before acting on the information you should consider whether it is appropriate having regard to your personal circumstances and seek professional advice. The Administrator recommends that you consider the Fund’s Product Disclosure Statement (PDS) before you make any decisions about your superannuation. To obtain a copy of the Fund’s PDS, please contact a Plum Member Services Consultant on 1300 55 7586. Neither the Administrator, the Trustee, nor any other company in the National Australia Group of companies accepts liability whatsoever for any decision that is made on the basis of or in reliance of the information contained in this material. Please note that the information contained in this material is current as at February 2010. Any changes in the law or policy subsequent to this date have not been incorporated.
© 2010 Plum Financial Services Limited ABN 35 081 812 731 AFSL 243356 (Administrator).