Consolidate your super and give yourself
a PAT ON THE BACK
Why manage many accounts when all you need is one? Consolidating your super is simple and makes sense.
Consolidate with NGS to reduce your total fees and take control of your money and future.
Advice servicesAs a member of NGS, you have access to our dedicated advice services. Our expert advice team can help you make sense of your finances, and guide you to achieving the goals you have, whether big or small. Find out more
This is general advice only and it does not take into account your objectives, financial situation or needs. You should consider whether the advice is suitable for you and your personal circumstances. Before making a financial decision, you should consider our Product Disclosure Statement.
Past performance is not a reliable indicator of future performance.
Other factors should be considered when choosing a superannuation fund. You should ask your other super fund for information about any fees or charges that may apply, or any other information about the effect this transfer may have on benefits such as your insurance cover before making a decision to combine your super.
*This illustration shows how a super balance of $50,000 five years ago might have grown to 31 Dec 2020 with NGS Super, compared to the same balance over the same period in a median retail master trust.
It illustrates that a number of factors (including investment performance, insurance premiums and fees) can combine to produce a meaningful difference in superannuation balance outcomes in different funds over a relatively short period of time. Relevant factors are shown in the table below.
For simplicity, the illustration takes no account of any contributions (whether employer superannuation guarantee or member additional voluntary) and shows only what the outcome might have been based on the stated assumptions for the starting superannuation balance shown.
|NGS Super||Median Retail
|Balance at start of period||$50,000|
5yr return p.a. for balanced
(NGS: Diversified (MySuper))
|8.93% [i]||8.17% [ii]|
|Admin fees p.a.||$65 [i]||$92 [iii]|
premium p.a. for $450,000 life and
$190,000 TPD cover [iv], @ age 27,
constant each year;
no income protection cover
|$100 [v]||$376 [v]|
|Estimated balances at end of period
(31 Dec 2020)
|Difference between balances
(rounded to nearer $1000)
The illustration is an estimate only and does not represent the actual outcome that would have occurred for any particular person. ‘Median retail master trust’ refers to a group of super funds that include those run by the big banks and AMP. The details extracted are for the median of that group and do not relate to any particular fund. Past investment performance is not a reliable indicator of future performance. General advice warning
[i] NGS Super average 5 year return as at 31 Dec 2020
[ii] SuperRatings credit rate survey of Dec 2020 – SR50 Balanced median for Master Trusts
[iii] SuperRatings benchmarking report 2020 - Fee component for Retail Master Trust Median
[iv] Default NGS Plus life and TPD insurance covers at age 27 - NGS Super insurance guide 1 April 2020
[v] Chant West’s Apple Check report 2020
Other assumptions used in the calculator:
- No employee superannuation guarantee, additional after-tax or pre-tax contributions