Consolidation

Why consolidate your Superannuation?

If you have a Superannuation account from your previous employer or other Superannuation that has been set up during your working career, you may wish to consolidate them into the Company’s  Superannuation  Fund.

There are benefits to consolidating your Super, which include:

  • Avoiding multiple administration fees
  • Reducing your paperwork – there is less administration hassle in managing a single account
  • Gaining more control over your investments – which should be more effective in one account than in many, which means you will always know how much you have accumulated

How to consolidate your Superannuation?

Step 1: The first step is to identify all your different Superannuation accounts and establish  who all the providers are ie. Fund Name, Account Number, ABN and SPIN.

Step 2: Complete ‘Request to transfer whole balance of Super between Funds’ Form for each of your different Funds.

To account details as follows:
Fund Name: Colonial First State FirstChoice Employer Super
Fund phone no: 02 93033000
Account no: 065 0xxxxxxxx
ABN: 26 458 298 557
SPIN: FSFO361AU

From account: as per specific details for each of your different Funds.

Step 3: Then attach ‘certified ID’ to each of Forms – see certification guidelines in pack.

Step 4: Then send each Form together with a certified ID – for each of your different Funds.

 
Super Consolidation  Rollover of Insurance Cover