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Bring your super home
Combining your super with ANZ Smart Choice Super may help you reduce duplicate fees, avoid paying for overlapping insurance, and give you more control over your retirement savings.
On this page:
Do you know where all your super is?
It’s pretty common to have more than one super account on the go. In fact, over 7 million lost and unclaimed super accounts in Australia hold almost $19 billion, according to the Australian Taxation Office (ATO)1. If you’re one of them you could be missing out on lost or unclaimed super and paying more than you need to in fees.
Is it a problem to have more than one super fund?
Just like bank accounts and credit cards, a super fund charges fees for looking after your money. So, if you have more than one account, you may be paying more in fees than you really need to. Even if that’s just $5 a month, that’s $60 every year and perhaps thousands of dollars by the time you retire.
You might also have an insurance policy you’re paying for through each super fund. That’s even more money from your super that’s going towards multiple policies when you may only need one to give you a level of cover that suits your situation.
Knowing how much super you’ve got and how fast it’s growing is far easier when you only have one account balance to keep track of. This is why it makes sense to have one super fund and stick with it when you change jobs. There’s always a little admin involved in looking after your super, but there’s a lot less when you only have one account.
Things to consider before you combine your super
Before deciding whether to combine your super account, consider the pros and cons to see if it’s right for you.
Before combining your super with us, check you have selected appropriate insurance cover in your chosen fund. Once you consolidate your super, any insurance cover you have in your other super accounts will be cancelled.
It’s also important to be aware of impacts this may have on the fees you pay, and tax on your super. If you’re unsure, seek financial advice.
Check where any contributions are being paid for you so that they’re being directed to an account you want to keep open.
If you were intending to claim a tax deduction for personal contributions made to your other fund, you will need to ensure your ‘Notice of intent to claim a deduction for personal contributions’ is made and acknowledged by that fund before you combine your super.
There may be tax implications when transferring your super into the ANZ Smart Choice Super account. Speak to a financial adviser for more information.
We’ve made combining your super simple
Bringing your super home doesn’t have to be complicated. Here’s how it works.
Get online: Visit hub.anzsmartchoice.com.au to access your account.
Search: Consent to an ATO SuperMatch search using your Tax File Number (TFN) and you'll see your other funds in just a few seconds.
Submit: Select the accounts you would like to consolidate into your ANZ Smart Choice Super account and the rest is taken care of. No paper forms required.
That’s it. We’ll guide you through the rest, step by step.
