Superannuation Transfer vs withdrawl – pros and cons

POSTED BY Vedavyas Buragadda ON November 14, 2012 5:10 pm COMMENTS (2)

I recently changed jobs. My previous employer had superannuation as one of the retiral benfits. My current employer doesn’t have it but has an option for employee to contribute to superannuation. I am confused whether to go for SA settlement with previous employer or to get it transfered to new employer. What are the pros and cons of each of those choices..

Also, would I get 100% of SA amount if I go for settlement??

2 replies on this article “Superannuation Transfer vs withdrawl – pros and cons”

  1. Dear Vedavyas, what’s the update from you on the matter?

    Thanks

    Ashal

  2. I dont think you will get 100% of the money when you take the super annuation . given the hassles and the issues with withdrawal with these kind of schemes. I would say if its possible to take out the money right now , then take it !

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