Combine your super
Like summer and thongs, super is better together.
Got more than one super account?
Then you’re paying multiple sets of account fees. Combine your super into one account to save on fees and make managing your super simple.
Use our new easy-to-use find and combine tool now. It will even search for any lost super you didn’t know about.
Why combine your super?
Paying multiple sets of fees can significantly reduce your overall super account balance. This means less for you when you retire.
Here’s an example. Sam has three super accounts and Charlie only has one. They both have an overall super balance of $150,000, but Sam is paying more fees for his three accounts. That means Charlie saves $423 dollars per year in administration fees by having his super in one place.
| Sam | Charlie | ||
| Super balance | $150,000 | Super balance | $150,000 |
| Fees (per year) | $1,829 | Fees (per year) | $1,406 |
| Accounts | 3 | Accounts | 1 |
| Super account | Balance | Fees (per year) | Super account | Balance | Fees (per year) |
| #1 | $50,000 | $516 | #1 |
$150,000 |
$1,406 |
| #2 | $50,000 | $560 | |||
| #3 | $50,000 | $753 | |||
| Total | $150,000 | $1,829 | Total | $150,000 | $1,406 |
The ATO also estimates there’s $13.9 billion in lost and ATO-held super in Australia. Some of it could be yours!
Lost and ATO-held data as at 30 June 2020. https://www.ato.gov.au/about-ato/research-and-statistics/in-detail/super-statistics/super-accounts-data/lost-and-unclaimed-super-by-postcode/, accessed 23 November 2021.
Combining accounts makes looking after your super much easier. You only have to go to one spot to check your super balance and manage your investments. Never lose track of your super again.
Before you combine
Transferring super may close the account you’re transferring benefits from. Before combining your super, you should consider all relevant information, such as:
- Performance — differences in fees and investment performance can affect your super balance at retirement.
- Insurance — check if you have insurance with your other fund/s. This will cease if your account is closed. You may be eligible to transfer your cover, but you need to organise this before combining your super.
- Tax — consider if you want to claim a tax deduction or split contributions. You won’t be able to do this on the contributions you’ve transferred.
- Investments — all amounts automatically transferred will be invested in your current chosen future transaction investment strategy.
Once you’ve combined accounts, let your employer know you’ve chosen Spirit Super as your fund of choice. That will ensure all future contributions go into your Spirit Super account.
Why combine with Spirit Super?
You work hard for your super, so we make sure your super works hard for you.
1Past performance isn't necessarily an indication of future performance. This figure is the net investment return after tax and investment fees have been paid.
To transfer from a self-managed super fund (SMSF), you can complete our Combine your super with Spirit Super form, use the ATO online services through MyGov or contact your SMSF to arrange the transfer to Spirit Super.
How do I combine my super?
Combining you super into Spirit Super is super easy. Here’s how to get started.Don't delay. Combine today!
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