The benefits of consolidating your super
If you’ve ever changed your name, address or job, chances are you have more than one super account. And more than one account means more than one set of fees.
By consolidating your super, you put all of it in one place and with one super fund. That means only a single set of fees, plus easier account management.
Fewer accounts means fewer fees

Compare the Difference

Grace
Super balance: $150,000
Fees: $1,785

Cheryl
Super balance: $150,000
Fees: $927
Accounts: 1
Super account | Balance | Fees | Super account | Balance | Fees |
---|---|---|---|---|---|
#1 | $50,000 | $387 | #1 | $150,000 | $927 |
#2 | $50,000 | $653 | |||
#3 | $50,000 | $745 | |||
Total | $150,000 | $1,785 | Total | $150,000 | $927 |
By paying fees on three accounts, Grace pays more each year. Extra fees mean she has less to reinvest in super so can’t save as quickly as Cheryl. |
By consolidating accounts, Cheryl only pays one fee. The money she saves is reinvested to grow her super balance faster. |
||||
$858 worse off | $858 better off |
-
Disclaimer
Source: SuperRatings Pty Ltd. Comparison of administration and investment fees at 30 September 2020 for the AustralianSuper Balanced option, the all industry average fund and the average Retail Master Trust. The sample includes the largest balanced option for 376 funds within the SuperRatings' Balanced (60 - 76 growth allocation) universe, for accumulation type products. The All Industry average is inclusive of Retail (Master Trust), Industry, Corporate and Government type funds.
The AustralianSuper fee is the administration fee for super (accumulation) accounts and the investment fee for the Balanced option for FY 2019/20. The Investment fee is likely to change from year to year and is different for each investment option. Insurance premiums and other fees and costs may apply. See australiansuper.com/fees for full details of all fees and costs.
Before you consolidate
Before you consolidate, get the full picture. Ask your super provider for information about any fees or charges that may apply, or any other information about the effect this transfer may have on your benefits, such as insurance cover, before making a decision. If you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your original fund, before you consolidate your super into another fund.
How to consolidate your super
If you know you have super with another fund you can consolidate your super by:
- completing the Consolidate your super form online or
- downloading and completing the Combine your super form (PDF) and emailing it back to us.
You’ll need to have your other fund’s details ready.
Other ways to consolidate your super
If you don’t know your other fund’s details or think you have lost super with the ATO you can search for your super through your online account.
You’ll need two forms of ID and have provided us with your TFN*.
What happens next?
If you’ve submitted your consolidation request, we’ll contact your other super funds to transfer your money to us. While we’ll do our bit to make sure your request is processed as quickly as possible, the processing time can vary between other funds. We’ll contact you, to let you know when it’s completed.
You can log in to your online account to keep track of your super anytime and to see the funds that have come in.
*You can check if you’ve supplied us with your TFN by logging in to your account and clicking on My details.
†SuperRatings Fund Crediting Rate Survey – SR 50 Balanced (60-76) Index. AustralianSuper investment returns are based on crediting rates. Crediting rates are the investment return less investment fees, the percentage-based administration fee (applicable from 1 April 2020) and taxes. Investment returns aren’t guaranteed. Past performance isn’t a reliable indicator of future returns.