Fewer accounts could mean fewer super fees
If you’ve ever changed your name, address or job, chances are you may have more than one superannuation account. Having more than one account can mean more than one set of fees.
By consolidating your super, you put all of it in one place and with one super fund. That means only a single set of fees, plus easier account management.
How to consolidate your super
If you have other super accounts, you can consolidate your super into your AustralianSuper account quickly and easily online*. You'll need to have your other fund's details ready.
Before you consolidate
Before you consolidate, get the full picture. Ask your super provider for information about any fees or charges that may apply, or any other information about the effect this transfer may have on your benefits, such as insurance cover, before making a decision. 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 original fund, before you consolidate your super into another fund.
It’s important to know that combining your super into your AustralianSuper account doesn’t automatically transfer any insurance you have with your other super fund/s. If you want to transfer insurance cover to AustralianSuper, you’ll need to do this before you combine your super.
Not sure if you already have insurance with another super fund?
You can find out whether you have insurance (and super) with another super fund by using our online consolidation tool.
Remember, if you want to transfer insurance from your other fund to AustralianSuper, you’ll need to do this before you combine your super with us. You’ll then need to wait until you’ve received written confirmation from us that your transfer request has been accepted before you go ahead to combine your super.
For more information about transferring cover, read the Applying for an insurance transfer fact sheet. You can apply to transfer your insurance cover from your other super fund or insurer online by logging into your account and selecting My insurance. You can also complete the form.
Other ways to consolidate your super
You can download and complete the Combine your super form (PDF) and email it back to us.
If you don’t know your other fund’s details or think you have lost super with the ATO you can search for your super through your online account. You’ll need two forms of ID and have provided us with your TFN*.
What happens next?
If you’ve submitted your consolidation request, we’ll contact your other super funds to transfer your money to us. While we’ll do our bit to make sure your request is processed as quickly as possible, the processing time can vary between other funds. We’ll contact you, to let you know when it’s completed.
You can log in to your online account to keep track of your super anytime and to see the funds that have come in.
* To consolidate, we’ll need to have your TFN number. You can check if you’ve supplied us with your TFN by logging in to your account and clicking on My details.
