Will your insurance in your Super be cancelled on July 1?
Superannuation reforms are coming in to effect from 1 July 2019. Super funds will be cancelling insurance cover and closing accounts with balances considered small and inactive, to eliminate unnecessary account erosion from fees and insurance premiums. What’s small or inactive? Where the balance is less than $6,000 OR no contributions have been made in the last 16 months. Am I affected? If you have less than $6,000 in your account, you will be affected if you haven’t contri+ READ MORE