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Benefits of consolidating
If you have multiple super accounts in the same and different super funds, you could be paying fees and insurance premiums on each account - which all adds up. Consolidating all your super into one super fund account could save you time and money.
Pay fewer fees
One super account = one set of fees
Keep track of your super
One super account will make your super easier to manage
Reduce your paperwork
Step1: Create a MyGov account, then link the ATO to your account. If you already have a MyGov account, just log in and click through to the ATO Section.
Step2: Go to the ‘Super’ tab.
Step3: Choose the fund you want to transfer your money from (called the ‘transferring fund’), and then fund you want to transfer your money to (called the ‘receiving fund’) from the funds listed.
Step4: Confirm your selection and your funds should move your accounts into one Account within three days.
Things you should know
* Before you consolidate your super, you should check with your other super funds about any exit fees or loss of insurance or other benefits.