Combine your super accounts and save
If you’ve changed jobs during your working life, it’s quite possible that you have more than one superannuation account. You might have super you don’t even know about.
With each fund charging its own fees, they could also be eating away at your hard-earned super.
How do I fix that?
The best way to avoid paying too much in fees is to find and consolidate all of your super into one account with competitive fees, such as a Statewide Super account. That way you can:
- Save money by only paying for one affordable super fund account
- Keep track of your retirement savings more easily
- Reduce the paperwork and statements you regularly receive from other funds
- Give your super a real boost!
How do I combine my other super accounts into Statewide Super?
It’s easy to do this online. Just follow these easy steps and Statewide Super will do the rest.
- Login to your Statewide Super Online account
- Go to contributions and click ‘Consolidate Super’
- Enter the Product, Fund, ABN or USI of the fund you want to consolidate and your member number
- Choose ‘whole balance’ or nominate an amount
- Click ‘next’, agree to the terms and conditions and submit.
Once submitted Statewide Super will action your consolidation.
Of course, if you prefer paper, just:
- Download, print and complete the Combine your super form
- Return it to Statewide Super
- Let us take care of the rest.
If you have any queries, just give us a call on 1300 65 18 65.
Things to consider before you combine your super accounts
You should consider all relevant information before you make the decision to combine your super accounts. Things you should consider include:
- Fees – Your current fund must give you information about any exit or withdrawal fees. If you are not aware of the fees that may apply, you should contact your fund for further information before completing this form. The fees could include administration fees, and exit or withdrawal fees. The fund that you wish to transfer money to may also charge entry or deposit fees on transfer. Differences in fees that funds charge can have a significant impact on the super you will have to retire on. For example, a 1% increase in fees may significantly reduce your final benefit.
- Death and disability benefits – Your current fund may insure you against death, illness or an accident that leaves you unable to return to work. If you choose to leave your current fund, you may lose any insurance entitlements you have. Other funds may not offer insurance, or may require you to pass a medical examination before they cover you.
- Costs and cover - When considering a new fund, you should consider checking the costs and amount of any cover offered.
How do I find out if I have any other super?
Finding lost super is surprisingly easy. All you need to do is have your TFN handy and then fill out our secure online form - we’ll do the rest.
Once your lost super is found, we can help you combine it into your Statewide Super account.