Welcome toLUCRF Super SchoolTopic: Consolidating your super An online learning series
Changing jobs doesn’t meanyou have to change your super• If you are like most Australians’ and have had more than one job, you are likely to have several super accounts.• This means you will be paying more than one set of fees, which can really eat away your hard-earned retirement savings!
Take control of your super• Take control of your super by consolidating (rolling over) your accounts into one.• This can save you fees and make it easier for you to keep track of your superannuation as you won’t have the endless paperwork associated with multiple accounts.
What are the benefits of rolling over yoursuper to an industry fund like LUCRFSuper?• Low fees: administration fee of $1.25 per week and management fee of 0.69%^ of fund balance per year.• Solid performance: 10.02%* average return on Balanced (default) option since inception (1978 – 2011).• Run only to benefit members: as an industry fund, all profits (less costs and taxes) go straight back to our membership!AND…*as at 30 June 2011. Past performance is not a reliable indicator offuture returns. ^Balanced (default) option
What are the benefits of rolling over yoursuper to an industry fund like LUCRFSuper?• In-house Contact Centre: speak to a person who works directly for the Fund in Australia.• Flexible insurance and investment options.• Access to financial advice you can trust.• Your super is administered by people who work at LUCRF.
Unsure if you have superwith other funds?Do a FREE online search at www.ato.gov.au or callthe Australian Taxation Office on 13 28 65.You will need to have your tax file number handy.
There are three easy steps to consolidate your super:1. Complete a Government Transfer Form*2. Provide a certified copy of identification (ID)3. Sign, date and post back to LUCRF Super.This form, plus information on how to certify your ID isavailable on our website, www.lucrf.com.au For further information on lost super, visit www.lucrf.com.au/super/lost-super*Request to transfer whole balance of superannuation benefits between funds