Saving your account is easy, all you need to do is take one of the below actions before the due date. This date is on the correspondence you’ve received from AustralianSuper letting you know your account is at risk of being transferred.
Other actions that could save your account3
By the way, if you happen to make a change to your insurance, binding beneficiary nominations or investments, or ask your employer to pay your super into AustralianSuper, you could also save your account. It’s important to check with your employer if you’re relying on employer contributions to make sure your contributions will start being received in time to avoid the transfer.
1 Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice. If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your other fund before you combine your super.
2 Before making a decision to combine your super, consider any fees or charges that may apply, and the effect a transfer may have on benefits in your other fund such as insurance cover. We recommend you consider seeking financial advice.