What is “Super Consolidation”?

What is “Super Consolidation”?

Have you worked for more than one employer in your career? How many super statements did you receive last year? If you found yourself thinking “I didn’t know I even had that super fund” or if you have lost track of your funds over the years as you have changed employment, then super consolidation may be the answer.

Consolidating your super means rolling all of your super funds into one. By transferring your other superannuation fund accounts into one fund you’ll be able to grow your retirement savings more efficiently.

Why consolidate

The more superannuation funds you have your retirement savings in, the more you may be paying in administration fees. By consolidating your superannuation into one account, you could reduce the cost of saving for your retirement.

Having only one account also helps to reduce your paperwork and makes it easier for you to keep track of your super.

What to consider before consolidating

When consolidating your super, many people are tempted to just choose the fund with the highest balance. This is not necessarily an effective method of choosing a fund. The most appropriate fund for you may be the one that currently has the lowest balance or an entirely new fund.

Before you consolidate your super funds, here are some things to consider:

  • Are there any termination fees?
  • Will you be able to get the same level of insurance in your chosen fund?
  • Can your employer contribute to your chosen fund?


If you have multiple super funds and would like to benefit from consolidating them, we’re here to assist you. We know the right questions to ask – and the options available. Do you?

Why not schedule a meeting with your financial adviser now?


Information current as at 21 May 2015

The advice is general in nature only. Before acting you should consider the appropriateness of the information having regard to your personal objectives, financial situation and needs. You should read the relevant Product Disclosure Statement (PDS) and Policy Document before making any decision about a product.