Benefits of consolidating your super

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Pay only one set of fees and charges

Save time with just one account to manage

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Keep your super with you, even when you change jobs

Do you have more than one super account?

Over the course of your life, you may have had your super put into multiple accounts. There are several reasons why this may have happened, including changing jobs or changing your name. By choosing to transfer your super into one super fund, you can avoid missing out on extra earnings.

Consolidating your super into one account can earn more from compounding returns, helping you increase your super balance, which can set you up for a greater retirement.

What are the impacts of having more than one super account?

Having more than one super account can lead to a range of risks, including:

  • paying more than one set of fees
  • spending more time on admin
  • losing track of your super balance
  • having unwanted insurance cover.

What is super stapling?

To help prevent you opening a new super account whenever you start a new job the Australian government introduced super stapling. Super stapling links (staples) a super account to you regardless of whether you change jobs. When you start a new job, you can choose to keep the super account that's been stapled to you rather than a new one nominated by your employer. This can help save you the admin of transferring your money every time you start a new job.

You can learn more about super stapling by viewing our page on super stapling.

Consolidate your super with ease

Find all your super and bring it together into one account by following these simple steps.

  1. Log in to your UniSuper account to use the ‘Combine your super’ tool
  2. Select ‘Verify and search’ to find any other super accounts you may have
  3. Select the account/s you want to consolidate and confirm your details
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Things to do before consolidating your super

Step 1
Check employer contributions

Check to see where your super contribution is being sent (employer contributions are 11% for 2023-24 financial year). Find out more about employer contributions and obligations on our superannuation guarantee page.

Step 2
Check your insurance cover

Consolidating your super into one account may impact the type of insurance cover you have, especially if you had insurance through one of the funds you’re leaving. Before consolidating your super, it’s best to check your current cover and ensure you’ve elected for a similar level of cover when joining UniSuper. Learn more about transferring your insurance cover.

Step 3
Tell your employer

Make sure your employer knows that you’re changing your super fund to help prevent any lost super. When transferring your super fund give them the new details of the account they need to pay your super in to. You can find our super fund details here. UniSuper members can download a prefilled form.

Step 4
Claim a tax deduction for after-tax contributions

If you want to claim a tax deduction for previous after-tax contributions, you need to submit a notice of intent to your existing super fund and receive a copy of the acknowledgment and acceptance of the notice before consolidating your super into your new fund. There are limits, known as caps, as to how much you can contribute before taxes are applied. Find out more about after-tax super contributions.

Why should you consolidate your super with UniSuper?

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The UniSuper app

Manage your super and see your account balance with our personalised app.

Financial advice

Access to our financial advisers to help maximise your super or to learn more about your options.

Transferring from a Self-Managed Super Fund (SMSF)

Your SMSF administrator needs to initiate your rollover to us. This instruction gets sent electronically and approved via an approved SuperStream payment channel.

Simply provide the UniSuper details below to your SMSF administrator to initiate the rollover.

How to transfer your SMSF balance to UniSuper.

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UniSuper details

  • Fund: UniSuper
  • UniSuper USI: 91 385 943 850 001
  • UniSuper ABN: 91 385 943 850
Key

Your account details

  • Your UniSuper member number
  • The name of your UniSuper Product (Accumulation 1 or Accumulation 2, Defined Benefit Division, Personal Account)

Consolidating super FAQs

Things you need to know

The information is of a general nature and doesn't consider your personal circumstances. Before making decisions, you should consider whether the information is appropriate for your circumstances otherwise seek financial advice.

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