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Printers get a super assist

Monday, 26 March 2012
By Print 21 Online Article

Media Super is helping printers boost their superannuation with a new service making it easier to find and combine old or inactive accounts for free.

Andrew Whiley, communications manager for the industry super fund, said managing multiple funds is a widespread problem with superannuation, given that each Australian worker has an average of three super accounts.

“Many workers within the print industry have old, lost or inactive accounts due to moving jobs or choosing different funds. The new Media Super website makes it easier for our members to consolidate multiple super accounts,” he said. “Media Super has around 15,000 employers making contributions on behalf of employees. The majority are in printing, packaging, and design/graphics.”

The new site provides a one-stop-shop access for fund members to search for their super at the ATO and via other free databases, find their old funds and get started on the paperwork.

“We have had a very positive response from the print employers we’ve been talking to about the benefits of their employees combining multiple accounts. Consolidation means fewer fees since all your money is in one spot, a single account is easier to keep track of and in the end it boosts your final superannuation payment,” said Whiley. “We think this fits very squarely with most employers view in that if they can do something to help their employees build their super, they’ll do it.“

The printing industry super find is asking employers to help spread the word about this new service to raise awareness amongst Media Super members.

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