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my storyCould you be some who's lost $12 billion?It is estimated that one in three Australians have super sitting in unclaimed accounts, amounting to nearly $12 billion We’ve all done it. Put super in the “too hard” basket. With busy schedules, work and family commitments it’s not difficult to lose track of our superannuation. Claire, 25, was no different. Having been in Australia for just over four years, she wasn’t entirely sure how many accounts she held, or if she’d even lost some, but she was ready to sort it out. “To be honest,” Claire says, “I didn’t really see the immediate benefit for me to do anything about it.” “ The power of compound interest and consolidation can mean that a few hours today, could give you thousands of dollars later on.”
Claire is not alone. Most people her age picture retirement as something far off, years away, that they have plenty of time to save for. What difference would a couple of hundred dollars or even a thousand make now? Plenty. The power of compound interest and consolidation can mean that a few hours today, could give you thousands of dollars later on. Need more Info? Claire initially came to Australia on a working holiday from the UK, finding a series of temporary jobs through three different recruitment agencies. She decided to stop being blasé about her money and followed the two steps to find her lost super. She now works full time as an Account Manager but “by the time I started to think about my super, I already had six different super accounts!” Claire found hundreds of her dollars that would otherwise have stayed unclaimed and consolidated all her funds into a single super account. She now has peace of mind knowing that all her super savings are in one fund, she may pay less fees, she has more control over her super strategy and, most importantly, it’s much quicker and easier for her to keep track of her savings in the future. Now her super can really start to work for her. Claire “recommends it to everyone. A little bit of effort now really does pay off – and it’s such a great feeling finding money you didn’t even realise you had!” Tracking down your lost super and consolidating it into your Russell account has a number of potential benefits:
2 Easy Steps to Finding Your Lost Super Step 1: locate your other superannuation accounts:
Step 2: complete Your Rollover Form and send it to us. We’ll do the rest!
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Achieve is issued by Russell Investment Management Limited (‘RIM’), ABN 53 068 338 974, AFSL 247185. Achieve provides general information only and does not have regard to your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation and needs. The information has been compiled from sources considered to be reliable, but is not guaranteed. Past performance is not a reliable indicator of future performance. Total Risk Management Pty Ltd ABN 62 008 644 353, AFSL 238790 (‘TRM’) is the trustee of the Russell SuperSolution Master Trust ABN 89 384 753 567 (‘Russell SuperSolution’) and the issuer of the Product Disclosure Statement (‘PDS’) for Russell SuperSolution. Any potential investor should consider the latest PDS in deciding whether to acquire, or to continue to hold, an investment in Russell SuperSolution. The PDS is currently available by visiting www.russell.com.au or by phoning 1800 555 667. RIM and TRM are part of the Russell Investment Group (‘Russell’). Russell or its associates, officers or employees may have interests in the financial products referred to in this magazine by acting in various roles including broker or adviser, and may receive fees, brokerage or commissions for acting in these capacities. In addition, Russell or its associates, officers or employees may buy or sell the financial products as principal or agent. You may contact Russell on (02) 9229 5111. MKT/1657/0308 |
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Your Rollover Form