As of 1 November, employees who are changing jobs will have their superannuation fund follow them, in a move Treasury believes will boost balances by $2.8 billion over the next 10 years.
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Superannuation is changing from 1 November: What you need to know
As many as 4.4 million Australian workers are paying more than one set of superannuation fees due to holding multiple accounts, with new rules from Monday aiming to address the issue.
