Help your employees protect their super

Are your employees paying duplicate fees?

Did you know, it’s estimated that a worker with two superannuation accounts across their working life will be $51,000 worse off at retirement than a worker with just one account*?

By having more than one super account, your employees potentially are paying for unnecessary duplicate fees – fees that may seem insignificant but add up to a lot over a lifetime.

There’s never been a more important time for your employees to check their super

Under the Protecting Your Super (PYS) legislation, inactive accounts with low balances may be sent to the Australian Taxation Office (ATO) and have their Rest account closed.

Help your employees

Your employees simply need to check their super for multiple accounts and combine them, if it’s right for them. To help you spread the word, we’ve built ‘The Drain Game’ your employees can check out and see how much Aussies are spending on avoidable fees. We’ve also provided you with a digital toolkit you can share with your employees or have it in your workplace.

Together we can help your employees confidently look forward to a brighter tomorrow.
 
 




*Productivity Commission Inquiry Report, Superannuation: Assessing Efficiency and Competitiveness, No 19, 21 December 2018 (10 January 2019), 16-17.

Product issued by Rest. As we have not taken into account your circumstances, please consider whether this information meets your needs. Go online for a PDS to consider before deciding. This information is provided by Retail Employees Superannuation Pty Ltd ABN 39 001 987 739 as Trustee of Rest (Retail Employees Superannuation Trust ABN 62 653 671 394).

This website is provided by Retail Employees Superannuation Pty Limited ABN 39 001 987 739, AFSL 24 0003 (Rest), trustee of Retail Employees Superannuation Trust ABN 62 653 671 394 (Fund), of which Rest Super, Rest Corporate, Rest Pension and Acumen are part. It contains general advice that has been prepared without taking account of your objectives, financial situation or needs. Before acting on the information or deciding whether to acquire or hold a product, consider its appropriateness and the relevant Product Disclosure Statement (PDS), which is available on this website. The cost of providing financial services is included in the fees in the Fund as disclosed in the relevant PDS. Rest and the Fund do not charge any additional fees or obtain any commissions for the advice provided. Rest’s employees are paid a salary and do not receive any commissions. They may receive a performance related bonus that takes into account the financial services provided. Super Investment Management Pty Limited (ABN 86 079 706 657, AFSL 240004), a wholly owned subsidiary company of Rest, manages some of the fund’s investments. Apart from this, Rest does not have any relationships or associations with any related body corporate or product issuer that might reasonably be expected to be capable of influencing Rest in providing financial services.

Rest personal advice is provided by Rest Advisers as authorised representatives of Link Advice Pty Ltd ABN 36 105 811 836 AFSL 258145

Awards and ratings are only one factor to consider when deciding how to invest your super. Further information regarding these awards can be found at rest.com.au/about-rest/awards. Past performance is not an indicator of future performance. SuperRatings Pty Limited does not issue, sell, guarantee or underwrite this product. Go to superratings.com.au for details of its ratings criteria. For further information about the methodology used by Chant West, see www.chantwest.com.au