Rolling over and exit fees

I have most of my superannuation in Media Super but I also have about $20,000 with another super fund. I'd like to roll this over into Media Super. What is the best way to do this to minimise any exit charges with the other fund? - Donna

It is important to compare the cost of exiting a fund with the potential benefits of increased investment returns and savings in fees by a move to another fund. Check with the other fund to find out about any exit fees that may apply. Media Super does not charge a fee for accepting rollovers.

Decisions about your finances can be difficult and you may benefit from financial advice. As a member of Media Super, you can access some free limited financial advice from Industry Fund Financial Planning. For more information, visit http://www.mediasuper.com.au/planning.

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