Things to consider before you consolidate your super

• Know how Plum’s performance stacks up
  Find out how current events have shaped financial markets and how your super is performing.
• Check your insurance
  If you have insurance with another super provider, you may be able to consolidate it with us. Check if your plan provides this option by logging in to your online account and look for the Transfer your insurance form. Make sure you consolidate your insurance before consolidating your super, and that you have appropriate insurance cover established in your chosen super fund. Once you consolidate your super, any insurance cover in your other super accounts will be cancelled. Consider if your employer is paying insurance premiums for you. It’s also important to be aware of impacts this may have on the fees you pay, and tax on your super. If you’re unsure, seek financial advice.

• Contributions to super
  Check where any contributions are being paid for you so that they’re being directed to an account you want to keep open.
  
  If you were intending to claim a tax deduction for personal contributions made to your other fund, you will need to ensure your ‘Notice of intent to claim a deduction for personal contributions’ is made and acknowledged by that fund before you combine your super.
• Tax implications
  Check the tax implications and see if your tax and preservation components will be affected. Speak to a financial adviser for more information.