Consolidate your super

How to consolidate super, rollover super funds, too many super funds
  • Many super fund providers allow you to consolidate super accounts via your online access.

  • Multiple accounts mean multiple fees, so consolidating super accounts all into one fund generally makes good sense. The hard part is knowing which fund to consolidate to! You can use this MoneySmart calculator to see how fees affect your super balance.

  • Your funds will generally provide you with insurance benefits, which you can usually also consolidate. It is very important to make sure the insurance transfer is completed first before you transfer the super account balance, otherwise, the insurance cover may be lost and you may not be able to replace it.

  • If you need help to choose the best fund or to consolidate your insurance and super please contact us. If you are happy to do this yourself you can find the forms you need here.

  • Consolidating can be confusing, there are a lot of things to keep in mind. Here is our quick “Super consolidation checklist” on things to consider before you rollover.

Please feel free to contact us if you would like to discuss your options with one of our financial planners.

The information on the Website is of a general nature only and has been prepared without taking into account your, or any other investor’s, particular financial needs, circumstances and objectives. The information on the Website should not be construed as financial, taxation or legal advice.  Lifestyle Financial Services Pty Ltd recommends that you consult a financial adviser for advice that addresses your specific needs and situation before making investment decisions.