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Consolidate 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.

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.

 

Find out more in our consolidation fact sheet.

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Start consolidating your super now 

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.

Use the consolidation tool
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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 32% lower than the industry average*.

Example: While it may not seem like much, fees add up

Peter has three super funds. If Peter:

  • leaves his super split between his three funds, he’ll retire with $452,132 in super
  • moves his money into just one fund, when he retires he’ll have $466,026 in super.

 

That’s an extra $13,894 in super by age 65!

 

Super graph

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

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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 Fundamentals report July 2012
Super members