Before you consolidate your super, check what you could be leaving behind

Before you consolidate your super, check what you could be leaving behind. Combining accounts may simplify your super and reduce duplicate fees. But you could also lose insurance cover that you and your family still need. Before moving your money, understand what cover you have, whether it suits your needs and whether you can replace it if necessary. If you need replacement cover, make sure it’s confirmed and in place before cancelling existing insurance or closing an account. A consolidation reminder is a prompt to review your options, not a reason to rush. General advice only. Consortium Private Wealth AFSL 495401

Disclaimer || The information provided in this post is general in nature only and does not constitute personal financial advice. Robert Goudie is an Authorised Representative (No. 235974) of AFSL 495401.