We know it’s easy to lose track of old super accounts. But it’s just as easy to bring them together and have them working for you in your Mercy Super account.
Bringing all your super together into one account means you could:
You could also avoid paying excessive insurance premiums if your other accounts have insurance cover that you didn’t know about or don’t need.
You can find the details you’ll need about your other super accounts, such as your other fund’s Member Number, the name of the fund and their unique identifier on past super statements or by contacting them.
Once you have these details, just complete the Consolidate your super form and return it to us. We’ll take it from there.
If you have any insurance cover in your other funds, it’s likely that this cover will be cancelled when you close your account. So, before you combine your super, you should check you have enough cover within Mercy Super.
You’re not alone. In fact there’s more than $20.8 billion in 2.8 million lost or unclaimed accounts1 that the ATO is holding. That’s on top of the 40% of Australians who have multiple accounts with different super funds.1 That’s a lot of lost super floating around that could be yours.
The good news is that it’s easy to find the details of your other super accounts, even those you forgot you had.
You can find and combine your super online using the ATO’s online service through myGov. Just login to myGov at my.gov.au, click on ATO (you’ll need to have the ATO linked to you myGov account) and then select “Combine my super”.
You’ll see the details of all you other super accounts. You can combine them into your Mercy Super account online directly through myGov – no paperwork needed.
Notes: 1. Based on Australian Taxation Office data as at 30 June 2019
A new job doesn’t mean you need to go through this again – just take Mercy Super with you to your next job. When you start with your new employer, you can ask for your super to be paid into your Mercy Super account.