Consolidating superannuation

It could mean saving on account keeping fees and this can potentially make a significant difference to the value of your final super balance when you decide to retire.

To consolidate super can also mean having only one set of fund statements to read, making it easier to keep on top of your superannuation and evaluate how it is performing.

If you have changed your name, address or job, your fund may no longer be able to reach you.

Contact your old fund directly to ask for your member details.

The easiest way to find your other fund details is by reading your super account statements.

All super funds are required by law to provide you with an annual member statement following the end of the financial year on 30 June, but some funds may send statements every six months or on a more frequent basis.

Consolidate now Once you've set up your online access and logged in to Member Online, we’ll show any other super accounts we’ve found.

If you can't see this, select the 'Consolidate super' tab and follow the prompts.

You can use the Australian Tax Office (ATO) online services through the government’s my Gov web platform for a full view of your super.

Registered users can find ATO-held super, and also view the details of all your super accounts, including any that you may have lost track of or forgotten about.

Having more than one superannuation account could mean paying multiple sets of account keeping fees as well as making your super harder to manage and keep track of.

Transferring multiple superannuation balances into a single account may offer some advantages.

Yes*, but you will need to follow the guidelines set out by the ATO on winding up an SMSF.

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