Consolidating superannuation form
Consolidating your super is simple and makes sense.Consolidate with NGS, clean up your excess fees, take control of your money, and create the future you've been working for.If you do not do this, your other fund may continue to receive money from your employer, and may set up another account for you where fees are likely applicable.Superannuation Choice Form Other factors should be considered when choosing a superannuation fund.Consolidating your super means transferring over multiple balances into a single super account.This is a process that can involve a bit of paperwork as you need to inform each fund in writing about your plans to consolidate.
Transferring multiple superannuation balances into a single account may offer some advantages.Any insurance cover you have with your other super fund will cease when you move your account balance in that fund to NGS Super.You may be able to ‘transfer’ your other insurance cover to NGS Super before consolidating your super balances.Download a Transfer Authority Form, follow the four simple steps and return your completed form via mail to NGS Super. ^ If you already have symptoms of a health condition that may result in a claim, it may be better to leave some money in your old super fund and keep your other insurance cover in force.
If you apply to transfer your cover, please wait until you receive confirmation that we have accepted your insurance before consolidating your super balance into your NGS Super account.
If you are concerned about this, please call us on 1300 133 177, Monday to Friday between am-pm (AEST /AEDT).