Experts warn of hidden cost for almost a million Australians who are working more than one job

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Experts warn of hidden cost for almost a million Australians who are working more than one job
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But experts have flagged a hidden trap that could be eating into workers' earnings.

A record number of Australians are working second jobs to ease cost of living pressures, but experts have warned of superannuation traps could be draining this extra income.

Zach Simmons is one of almost a million people across the country working for more than one employer."I love working here, it's a small business," Simmons told 9News Melbourne."A lot of people work a lot more than they'd like to, I'm just lucky I've got three I look forward to.

However as more people take on second jobs, Australians are being reminded to check their superannuation, as the number of Australians with more than one account has grown to four million."They're paying multiple fees, multiple insurance and perhaps missing out on investment returns as well," Power said.Australians are being told to check the MyGov website to see if they have multiple accounts and consolidate them into one.

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