Consolidating Super Funds

puzzles to symbolise joining supers

What does consolidating your super mean?

To consolidate your super is to move all your super into one account. Before consolidating your super, pick the best super fund to suit your needs. Transferring all your super into one fund can be done for free in a few easy steps.

Why should I consolidate my super?

Consolidating your super will save you money in fees and make it easier for you to manage. You only need to deal with one company, there is less paperwork involved, and you can keep track of your total super balance easily.

What should I do before consolidating my super?

Before consolidating, there are a few things to consider to ensure you do not remove anything important such as your insurance.

  1. Check employer contributions
    Did you know some employers contribute more to certain funds? You can always check your current accounts to see if changing funds will affect how much your employer contributes. 
  2. Check your insurance cover
    Do you have insurance available through your fund? This could be life, total and permanent disability (TPD) or income protection insurance. When changing funds, you will most likely not be able to get the same cover. Be careful if you are unsure about changing your super fund due to the insurance policy, Wagtail Wealth is always here to help you with financial advice. 
  3. Tell your employer
    Always tell your employer the details so they know which account to pay your super into.

How to consolidate your super?

When you have chosen your account, you can transfer the balance of your super accounts into it.

1. Go to
2. Log in or create a account
3. Link your myGov account to the ATO
4. Click on ‘Super’ and then ‘Manage’
5. Click on ‘Transfer Super’. If you do not see this option, this means you only have one super account.
6. All your super accounts will be shown and you can then transfer your balance from one to another.

You can also transfer your balance to a new fund by contacting the new fund directly, or using an ATO rollover form.

Changing super funds
You may be also interested in just changing your super fund entirely. If so, the process is the same as consolidating your super. 

There are many reasons to change to a new super fund. You might want to make a change for the following reasons:

For more information, contact Wagtail Wealth today.

IMPORTANT NOTE: This information is general advice only and does not take into account your personal circumstances, goals and objectives. Therefore, you should consider its appropriateness for your circumstances before acting on this information.

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