This is an easy and quick way to move all of your super into one account.
You will need your tax file number to find out how many accounts you have, where they are and how much are in each.
Important information: In calculating historical returns for Australian Super, where only one of the merging funds (ARF or STA) previously offered an equivalent to an option in the new product suite, the returns for that option have been used.
Where both funds offered the equivalent option, the returns have been asset-weighted across both options on a monthly basis, where possible.
This is a process that can involve a bit of paperwork as you need to inform each fund in writing about your plans to consolidate.
These forms should be available on each super fund’s website.
Most of us will have more than one job in our lifetimes.
That generally means having more than one super account.
Step 1: create a my Gov account then link the Australian Taxation Office (ATO) to your account.
If you've had a number of jobs over your career, you might have multiple superannuation funds.
This short video explains consolidation, the benefits and what you need to consider when consolidating your super accounts.
With just one fund to keep track of, consolidating your super also makes it easier to keep tabs on your super throughout your working life, so you potentially won’t miss out on any superannuation savings in retirement.
Consolidating your super means transferring over multiple balances into a single super account.