Consolidating your super
You may have some ‘lost’ super
Every time you've changed jobs, you may have collected another super account. Keeping track of small amounts of accumulated super can be a hassle, and it's likely that money in these separate super accounts is being eaten up by duplicate fees and charges.
Consolidating all your super funds into one has many benefits:
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One set of fees to pay (so you'll have more money to invest).
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One super fund to deal with.
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Potentially better returns (focusing your investment strategy on one fund)
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Less paperwork.
Before withdrawing your super
Before you roll over your super into another fund, it’s worth contacting your current fund(s) to check on a few things:
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The value of your benefit.
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Details of all applicable fees.
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The impact on insurance coverage.
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Whether an ‘exit fee’ will be charged on withdrawal.
Your rolled-over super will be classified as either 'preserved' or 'non-preserved' benefits. If you wish to cash any 'non-preserved benefits', please check with the fund first before rolling in.