Consolidate your super and save

With most Australians having four to five different jobs in a lifetime, it can mean that you have multiple accounts and might have lost sight of some of your super. It’s not uncommon -

in fact:

  • There’s more than $16 billion1 in lost super waiting to be claimed.

And that’s on top of those who have never gotten around to consolidating their super accounts.

Benefits of consolidating your super

Track down and consolidate your super accounts to:

Save money

Paying multiple sets of administration fees over the years could add up to thousands of dollars. Paying only one member fee means additional fees are not eating away at your retirement savings.

Example

For example, if you're paying $5 per month in member fees on three different accounts you're paying at least $180 per year in member fees, instead of just $60.

Enjoy watching your super grow

It’s easier to keep track of the growth of your super savings when all your contributions go into one fund. It allows you to develop a focused and effective retirement investment strategy.

Reduce paperwork

One fund means one statement and less paperwork to manage.

What should you do if you've lost track of your super or want to consolidate?

The easiest way to find and combine your super is by logging in to the Australian Government online service at my.gov.au.

1. Go to my.gov.au

  • Log on or create an account
  • Link your myGov account to the ATO
  • Follow the prompts to bring your accounts together

2. Search:

  • Consent to a SuperMatch search.

3. Submit:

  • Select the accounts you would like to bring together.

If you can’t access myGov but know the details of your other super fund details, complete and return our Request to Transfer form.

1Source: ATO. Lost and unclaimed super as at 30 June 2017