Consolidate your super accounts

Why combine your super accounts?

Every super account you have is costing you in fees. So, the more accounts you have, the more fees you pay.

Consolidating will, in most cases, save you money and make it easier to keep track of your superannuation going forward.  

Before you decide to consolidate, you need consider possible account fees, insurance options and your investment strategy. Read more below under Things to consider before consolidating.

Need assistance?

Simply complete our contact form. One of our Advisers will call you back to discuss your options and which fund suits your needs best. If you decide to proceed with consolidating, your Adviser will manage the entire process for you!

Note: The process for the advice service and any associated costs will be discussed with your Adviser during the phone call. Your Adviser will outline the advice process and provide you with an itemised fixed price quote prior to you making the decision on whether you wish to proceed with obtaining advice or not.

 Consolidate now- arrange for an Adviser call back!

Things to consider before consolidating:

• Employer/Member Contributions: If your employer is paying contributions to the fund you are transferring out of, you will need to advise payroll where new contributions are to be made - use the Standard choice form. The fund will not roll over if current employer or member contributions are being paid into the account – they need confirmation that contributions have ceased before rollover can occur. 
• Exit Fees:  Contact your fund for information regarding any exit or withdrawal fees that may apply.
• Insurance cover:  Check any insurance cover which may be on the existing account. If this amount of insurance cover is still required, you should apply for replacement insurance cover with the fund you wish to keep before rolling over. This is necessary as, in most cases, the insurance cover will automatically be cancelled once you leave the fund. Carefully consider any terms and conditions of the replacement insurance, such as applicable waiting periods. You will most likely need to be medically assessed when applying for replacement insurance cover.
• Tax File Number (TFN):  Clients are not obliged to provide their TFN to their super fund. If no TFN is provided, your super contributions may be taxed at the highest marginal tax rate plus the Medicare levy, compared to the concessional rate of 15%. 

If you are unsure which fund to consolidate into, our Advisers are able to assist you.