Consolidating super ato
If you’re among the many Australians with more than one super fund, there’s a good chance some of it could be yours.
In many cases, there are few benefits to having more than one super account.
Before making a decision to combine your super, you should ask your super provider about any fees or charges that may apply, or any other effect this transfer may have on your benefits, such as insurance.
Combining your super into a single account with us makes it easier to manage, and you’ll be saving money too.This was made up of just over 5.7 million lost and ATO-held accounts. If you’ve ever changed your job, name or address, you may be richer than you think and have some lost or unclaimed super waiting to be found. ‘Unclaimed super’ refers to super that is eligible to be withdrawn from your super fund, but the super fund is unable to contact you.Unclaimed super can include the super of: Generally, unclaimed super has to be reported to the ATO by super funds twice a year, and any unclaimed super money is paid to the ATO.Combining your super means less paperwork, freeing up your time for better things.Best of all, it can make a big difference to your total super balance when you’re ready to leave work.