Find and Consolidate | smartMonday

WHY CONSOLIDATE

Around four million Australians have more than one superannuation account1. If you’re one of them you could be paying unnecessary fees and charges that reduce how much you could retire with. Take a moment to consider whether consolidating your super into one account is right for you.

Before you begin you may wish to talk to your financial adviser or one of our smartCoaches. And you may like to review the four things to consider when consolidating.

If you'd like to consolidate your other super to smartMonday, login to your account and scroll down to find the consolidation tool at the bottom of your landing page.

What to consider when consolidating your super accounts

1. Insurance

Cover with your other super fund will cease. But smartMonday can usually transfer that insurance over, so apply for that first.

2. Tax

Want a tax deduction for personal contributions? Lodge a notice of intent to claim with that fund before you close it.

3. Irreversible

We won't be able to stop the transfer if you later change your mind.

4. Contributions

Combining your super with smartMonday? Make sure your employer directs your contributions to us as well. Use our Choice of Fund form.

Insurance in superannuation can be a complex topic. Be sure to review your super Product Disclosure Statement and check out the moneysmart.gov.au site for more information https://moneysmart.gov.au/how-life-insurance-works/insurance-through-super. Before making a decision to consolidate super accounts you should consider seeking personal financial advice and review your financial needs, objectives, and goals and ensure that the insurance cover in your primary fund is adequate for your needs. Any insurance cover available in your secondary fund may be cancelled as a result of the consolidation unless you apply to transfer that insurance into your smartMonday account – subject to acceptance by our insurer.