A D V E R T I S I N G F E AT U R E
Why it pays to bring
your super together
Thousands of
Australians are
missing the benefits
of consolidating
their retirement
nest egg in one
account. Kinetic
Super is showing
them how.
A
ustralians have more than
$15 billion in lost and
unclaimed super. Claire
Miller had unwittingly
joined their ranks. While
Claire knew she had several super
funds, she didn’t know how many or
how much money she had in each.
That’s until Kinetic Super gave her
a call.
With the aim of helping members
get the most out of their super,
Kinetic Super rang Claire – a call
that ultimately changed her attitude
and importantly, the nature of her
retirement savings.
Being a super fund that one of
Claire’s employers had contributed
to during her career, Kinetic Super
contacted her and raised the
possibility of helping Claire bring
together all of her lost and other
super and the possible benefits
of consolidation. She leapt at the
opportunity.
“To be honest, until Kinetic Super
called me, I really hadn’t taken any
notice of my super,” Claire says. “I
knew I had several accounts because
I kept signing up with my new
employer’s super fund, but I never
really knew what to do with them all
or even where to start.
“It was all too hard.”
Claire started work at 15 and
keeping track of her super was never
really a priority. Over the course of the
“I’m saving money by paying only one set of
fees and I feel more confident about my super
knowing that I’m back in control.”
ANTHEA SHAND (ABOVE), KINETIC SUPER MEMBER.
following 23 years, she changed jobs,
married and adopted her husband’s
name, took time out to have a baby,
relocated from Melbourne to Kyneton
and, from time to time, considered
tracking down all of her super.
“When Kinetic Super called me, I
was a little surprised to learn they had
found I had super with eight different
funds! They told me super funds
charged fees and because I had small
amounts of money in each of my
accounts, the amount of super I had
was possibly being eaten away.
“That was a bit of a wake-up
call for me. I realised if I didn’t do
anything, I could have very little super
to show for all those years I’d worked.”
The experience has been a fruitful
one for 38-year-old Claire. “I wasn’t
aware how much money I could save
on the fees alone. I now think it’s
really something everyone should
know about.”
Last year alone the Fund helped its
members locate and bring more than
$31 million of their lost or other super
into their Kinetic Super accounts with
Kinetic Super doing most of the work.
Just as in Claire’s case, all members
have to do is to provide their tax file
number and consent to allow Kinetic
Super to trace their lost or other super,
and then give them the OK to bring it
all together.
Anthea Shand was also determined
to find her missing super when she
contacted Kinetic Super where she
had two accounts amounting to
$10,000. “There was a lot of stuff in
the media about tracking lost super at
that time so I decided it was time to
do something about mine,” she recalls.
Anthea, a 40-year-old Melburnian,
had spent much of her working life as
a professional temp so it was very easy
for her to lose track of her super.
“I would work with one employer
for anything from six months to a
year and each employer would have a
different super fund,” she explains. “I
tried to find the money myself but it
was difficult. I was getting letters in
the mail, statements from different
super funds and I could see the
charges for each account.”
That harsh reality prompted her to
act. She was surprised at how quickly
and efficiently Kinetic Super managed
to track down her money. But the real
win for her was bringing all her super
together.
Like Claire, Anthea also considered
the implications of moving her super
such as exit fees and insurance before
she moved all her super to her Kinetic
Super account.
“Not only am I saving money by
paying only one set of fees, I feel more
confident about my super knowing
that I’m back in control,” she says.
Claire and Anthea’s experiences are
not unique. On average, Australians
have three super accounts with each
charging an average of $500 per year
in fees. (Australian Prudential and
Regulation Authority, apra.gov.au,
April 14, 2015)
As Anthea reflects: “Kinetic Super
was the only fund that took the time
to help me get my super sorted; I felt
they had my interests at heart. Their
fees are pretty low too compared to
other funds and they’ve been around
for years and have had good returns,
so I feel confident my money is being
well looked after.
“Overall, this has been a good
process to go through because it’s
made me evaluate my super and think
a bit more about my financial future.
“And it was all easy with Kinetic
Super.”
This advertorial content
was approved by Kinetic Super.
This information is of a general nature
only and does not take into account
your personal objectives, financial
situation or needs. Before making a
decision about Kinetic Super you should
obtain and consider the Kinetic Super
Product Disclosure Statement (PDS)
and Incorporated Information, and also
consider your personal circumstances
including any implications of the transfer
on you personally (such as loss of
benefits and fees or costs that may arise).
For a copy of the PDS, call Kinetic Super
on 1300 304 000 or visit the Kinetic
Super website, kineticsuper.com.au