Why it's time to combine your super funds

If you've worked for multiple employers, it's likely you have several super accounts and are probably paying more fees than you need to, which can add up to thousands of dollars over time.

Why you should combine multiple super accounts

Consolidating super takes just a few minutes and makes managing your super easier. The less accounts you have, the clearer an understanding you have of your retirement position. Plus, no more fear of ‘lost super’.

Less accounts also means you’ll avoid paying multiple fees which may save you in both the short and long-term.

How do I combine my super with Rest

You can find and combine your super in the Rest App or through MemberAccess. To make it easy, we’ve broken down the steps for you.

Rest App
1. Log into the Rest App. Tip: Make sure you’ve got the latest version (3.2.0 or above) installed
Don’t have the app or the latest version? Download it here.
2. Click the ‘Combine your super’ tab and follow the prompts to find and combine your super.

MemberAccess
1. Log in to MemberAccess
2. Click the ‘Combine your super’ tab and follow the prompts to find and combine your super.

Remember we’re here to help If you need a hand. Talk to one of our live chat agents now or call us on 1300 300 778 between 8am-10pm (AEST) Monday to Friday.

Benefits to combining your super

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Easier to keep track of and manage
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Avoid paying multiple fees
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Save time by reducing admin

Things to consider

Before combining your super, you should know that:

• any death and disability insurance cover that you have with your other super fund will be cancelled and the account will be closed;
• your other super fund may charge fees when leaving the fund;
• if you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your original fund, before you consolidate your super into another fund;
• we won't be able to stop the transfer if you later change your mind; and
• you will need to complete a fund nomination form with Rest if your other super fund account is receiving contributions from your employer and you want these to be re-directed to your Rest account.

If you have any questions, please speak with a licensed financial adviser or visit ASIC's MoneySmart for more information.

Want to learn more

FAQs

Can I combine super through myGov?


Yes, you can combine your super online via the myGov Online Services. To make it easy, we’ve broken down the steps for you:

1. Log in or create a myGov account
2. Link your myGov account to the ATO
3. select 'Super' and then 'Manage'
4. select 'Transfer super' (this option will only appear if you have more than one super account)

Before combining your super, you should know that:

  • any death and disability insurance cover that you have with your other super fund will be cancelled and the account will be closed;
  • your other super fund may charge fees when leaving the fund;
  • if you wish to claim a tax deduction for personal super contributions, you must lodge a notice of intent to claim a tax deduction with your original fund, before you consolidate your super into another fund;
  • we won't be able to stop the transfer if you later change your mind; and
  • you will need to complete a fund nomination form with Rest if your other super fund account is receiving contributions from your employer and you want these to be re-directed to your Rest account.

If you have any questions, please speak with a licensed financial adviser or visit ASIC's MoneySmart website for more information.