Print PageConsolidate your super
If you've had more than one job, chances are you have more than one super fund. This can make your money hard to manage and more costly, with multiple fees for multiple accounts.
Consolidate your super
Use our consolidation tool to combine your super into one AUSCOAL Super account. Simply fill in your details then print out your transfer forms or have them mailed to you. Sign your forms and send them back with your certified identification. If you have your Tax File Number handy, our consolidation tool will also find any lost super you may have.
Once we receive your signed transfer forms and certified identification we'll do the rest. Usually your transfer will be complete within 30 days.
Benefits of consolidating your super
While there are several ways to boost your super, one of the easiest is to close your multiple super accounts and keep your super in one value for money fund, such as AUSCOAL Super.
By not paying multiple fees to different funds, you’ll have more money to invest for your retirement. Having fewer funds also makes managing your super easier.
- Save time.
- Receive less paperwork.
- Reduce your chances of losing track of your super.
Before you consolidate, check whether AUSCOAL Super is the best fund for you with our free comparison tool and ask your other fund whether they charge fees for leaving and whether you'll lose insurance benefits.
Good news!
As an AUSCOAL Super member, you’re already in a good value for money fund. Our fees on a $50,000 super account balance are 36% lower than the industry average and 8% lower than the not-for-profit average*.
Example: While it may not seem like much, fees do add up
Peter has three super funds.
- If Peter leaves his super split between his three funds, he’ll retire with $515,000 in super.
- If he moves his money into just one fund, when he retires he’ll have $531,000 in super.
That’s an extra $13,894 in super by age 65!
Assumptions: Peter is aged 35 years, earns $95,000 pa and has $20,000 in each super fund. All three funds charge exactly the same fees and have similar returns. Peter plans to retire at age 65. Source: MoneySmart Superannuation Calculator, www.moneysmart.gov.au
Want all your super in one value-for-money fund?
While you’re consolidating all your super in your AUSCOAL super account, if you haven’t already, why not get your employer to pay your super contributions into your AUSCOAL super account. Find out how...
* SuperRatings Benchmark Report 2011
Search AUSCOAL
Take Action
Find your super goal
Free financial advice about growing your super 1300 AUSCOAL (1300 287 262)
Check your account balance
Find out more
Tools and calculators
Links
Our members say
‘When I retire I want to travel and relax and not worry about money.’
Kaitlyn Spark - AUSCOAL Super member
Forms / Publications
