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Understanding super & money
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 -
And that’s on top of those who have never gotten around to consolidating their super accounts.
Track down and consolidate your super accounts to:
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.
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.
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.
One fund means one statement and less paperwork to manage.
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
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