Accomplished a lot of tiresome little admin jobs today. Shuffled my Super around, and stopped multiple accounts from charging for insurance. I have managed to reduce my super portfolio to four companies now. The eventual aim is to get it all into Australian Ethical, but it seems like every employer I have dealt with in the last few years has had a prearranged relationship with their own industry or other Super fund.
Yes it is dodgy, no it is not illegal, I’ve checked. So I have one fund for each school system I have been working in as well as the AusEthical account I periodically roll everything into.
What should be illegal is each fund automatically adding life insurance and deducting insurance premiums. The fund the local Catholic school is affiliated with, which as I only do occasional casual work with the school has only a small deposit, prompted the whole process today as I recently discovered that they had halved my deposit in fees alone during over the course of the year. They will also likely charge some bullshit exit fee when I close the account and roll the deposit over to ethical after my last pay from that school.
Also sorted health insurance again which has been pending since we got back.
Fencing, like the construction of a fence, a swim and good bit of Lego construction consumed the rest of the day.
While there is some good news from Standing Rock.
Unbelievably despite very vocal and clear opposition prior to the past state election and election commitments to the contrary. both the Queensland and Federal Governments appear to be rolling over and digging deep into the public purse to build the Carmichael mine.
Super lame behaviour.