Find and combine your super

Why consolidate?

Sometimes you don’t know you’ve lost something until you go looking for it. According to the ATO, Australians have $17.8 billion* in unclaimed super. It’s a good idea to check if you have accidentally (or on purpose) become a member of more than one super fund. This might have happened because you’ve had more than one job and each employer entered you into a new fund. Here’s where consolidation comes in. This is the process of ‘rolling over’ your super to combine all the super from multiple accounts into just one.

*Source: ATO, as at 30 June 2024

How to consolidate your super

You can consolidate your super though your GuildSuper online account, or the ATO using your MyGov account (for more information on consolidating your super through MyGov see the Moneysmart website).

It’s SUPER easy to consolidate your super with GuildSuper. Here’s what you’ll need to get started:

·      An online account (this should only take a minute to set up) 

·      Up to date contact email address in your online account (so we can send you a verification code)

·      Two pieces of ID (e.g. your driver’s license, Medicare card etc.)

Once you’ve got all that, you’re ready to follow these steps:

1. Log in to your online account

2. Select Grow My Super

3. Go to Find My Super

4. Follow the prompts to provide your TFN.

Then it’s over to us. We’ll find any other super accounts you have registered with the ATO. If you choose to consolidate them, we will notify your other super funds and they will tell the ATO on your behalf, so you don’t have to do anything else.

That’s it! A few simple steps and you’ll be on your way to being a one super account wonder.

Things to consider before you consolidate

Before you decide to consolidate your super, it's important to take a moment and consider any fees and costs that might be involved and keep in mind that you could potentially lose any insurance coverage you have with your other fund(s) or might not be able to get the same cover. Once you combine your super into one account, your entitlements with your other fund(s) may come to an end.

This information is general in nature and does not take account of your personal financial objectives, situation or needs. So, take a little time to weigh the pros and cons before you make the move! You may wish to consider receiving personal advice from a financial adviser before making your decision.