Discover the benefits of putting your money in one place.
Sometimes you don’t know you’ve lost something until you go looking for it. According to the ATO, Australians have $13.8 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.
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 that might be involved and keep in mind that you could potentially lose any insurance coverage you have with your other fund(s). Once you combine your super into one account, your entitlements with your other fund(s) may come to an end.
So, take a little time to weigh the pros and cons before you make the move!
You could also consolidate using our awesome mobile app