Benefits consolidating superannuation
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.This document is not advice and provides information only.It does not take into account your individual objectives, financial situation or needs.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.To apply, please complete our Insurance Transfer Form and wait for confirmation of acceptance of the insurance prior to requesting to consolidate your super balance. Important Insurance Transfer Form Are your employer super guarantee contributions already being paid to NGS Super?
That generally means having more than one super account.Consolidate now Once you've set up your online access and logged in to Member Online, we’ll show any other super accounts we’ve found.If you can't see this, select the 'Consolidate super' tab and follow the prompts.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.