Benefits of rolling all your super into your BUSSQ account:
- Save – as you’ll reduce paying multiple sets of super account fees.
- Ease – with all your super in one place it’s easy to manage and keep track of.
- Service – get assistance when you need it to manage your super.
Keep track of your super
It can be risky having multiple super accounts scattered across many super funds, as it can increase your chances of your super becoming lost. There is about $18.1 billion dollars of lost super in Australia with the ATO. If your super fund loses contact with you, they may also have to send your super to the ATO as lost super. You work hard for your super, so roll it all into one place to keep track of it. BUSSQ can help you search for lost super.
Do your Research
When choosing the right super fund for you, consider the fund’s fees, investment performance and other products and services they offer that are important to you.
Great reasons members choose BUSSQ
Roll all your super into BUSSQ - 3 easy steps!
1. Do your research – choose BUSSQ
2. Roll other super accounts into BUSSQ using our simple online rollover tool.
- Simply log into MemberAccess, click on the Rollover Super tab and follow the prompts.
- You need the name of the fund/s you are rolling from and your member number/s.
- Requesting the rollover only takes a few minutes.
If you supply all the necessary information, in many cases you could have your funds rolled into your BUSSQ account within 7-10 business days (this is an average and depends on how long it takes the other super fund to roll the funds over to BUSSQ).
3. Next time you change jobs remember to tell your employer that you want your super paid into your BUSSQ account.
Simply provide this information to your employer:
If your employer is not currently a member of BUSSQ, they also need to join online. If you are with an employer who requires you to use a certain super fund, you can roll this super over into your BUSSQ account when you move on from that employer.
Need some help – BUSSQ offers you financial advice
If you need to talk to someone before taking action, call us and ask to speak to one of our financial planners. They can compare super funds for you and assist you with advice on which fund is right for you. This type of advice is called complex advice.
Our fee for complex advice is very competitively priced at $150 per hour which includes GST. It is expected that to compare super funds advice could cost between $75 and $150 depending on the complexity and time required by the financial planners. The cost is very low and structured purely for cost recovery. Fees can be deducted from your super account – so you won’t be out of pocket.
We can also assist you with general advice and things to consider when choosing super funds at no extra cost*.
You should make sure you’re comfortable with your decision before you act – some other super funds have exit fees, and may contain insurance cover which could be lost when you roll over your super. Ask questions - It is possible to transfer some insurance benefits across to BUSSQ to ensure you have continued cover.
For more information or to speak to a financial planner, call us on 1800 MY BUSSQ (1800 69 2877).
BUSSQ - It's superannuation made easy!
*BUSSQ offers members personal limited financial advice about their super including: choosing insurance, choosing investments and contributions, at no extra cost as it is included in the fund’s administration fees. This advice is offered over the phone. BUSSQ also offers members and non-members more complex financial advice on a fee for service basis. This advice can be done in person or over the phone. Non BUSSQ members who receive advice will need to be billed for the advice separately.