Five Benefits of Consolidating Your Super

If you have ever changed your job, your name or your address, there’s a good chance that you have more than one Super account out there!

For Australians who have more than one super account, this means lost savings on account fees, unnecessary complexity in personal finances and a lack of clarity in what they actually have saved for retirement.

We’ve put together the following five keys benefits of consolidating your Super into one account with Christian Super.


1. You’ll save more money for your retirement

Having multiple Super accounts means that you are paying excessive fees. You’ve heard this before haven’t you? Well, here’s a simple scenario to help you understand what this might look like!

Scenario: Gill has THREE super accounts. Here’s what her account balance/s and fees currently look like.

Super Fund 1 Super Fund 2 Super Fund 3 Combined Total
Account Balance $38,000 $10,000 $55,000 $103,00
Account Fees $840/year $308/year $645/year $1,793/year

In this scenario, Gill is paying a minimum of $1,793 in account fees every year that she keeps her Super across three accounts. By consolidating all her Super into one account, Gill will immediately save over $1,148/ year.

This is just an example, but it’s plain to see how the simple act of combining your Super into one account can help you to save anywhere from a few hundred dollars to potentially thousands of dollars in fees, depending on the account balances in your various accounts. These savings in fees means more money in your Super savings earning compound interest for your retirement!


2. You’ll simplify your finances

Having just one Superfund means less paperwork (such as annual statements and fund reports), emails and chasing up info. With one account you are able to keep track of your finances more easily.

Consolidating your Super also means a lower risk of lost Super in the future, as you will only have one account to manage and only one fund to update with your information if you have a change of address or name.


3. You’ll manage your investment strategy more effectively

As your seasons of life change, your investment strategy for your Super will change over time too.

You may be open to higher risk investment portfolios early in your career, selecting a lower risk strategy as you mature and approach your retirement years. Having multiple accounts can make this process of managing your investment strategy unnecessarily complex as you identify the various investment strategy options and update these as your circumstances change.

Consolidating your Super into one account means you are able to easily manage and optimise your investment strategy for your specific circumstances.


4. You’ll easily track your Super account balance and transactions

It’s so much easier to track the growth of your Super savings when all your employer and personal contributions go into one fund. Not only will this give you a clearer idea of what you actually have saved for your retirement, but it is motivating to recognise that you have more Super saved than you may have thought!

When you have numerous smaller, neglected accounts it is easy to lose track of your savings. Combining your Super keeps your retirement savings strategy both simple and efficient.


5. You’ll invest more into the things you believe in

At Christian Super around 10% of our member funds are allocated to impact investments*, making us a leading investor in impact investment globally. The Christian Super impact investment portfolio supports the United Nations Sustainable Development Goals and help solve some of the world’s biggest social and enviromental problems.

Christian Super is proud to be a global leader in impact investing, giving our members the opportunity to invest in ways that align with their Christian values. With all your Super consolidated into your Christian Super account, more funds can be allocated to changing lives while generating a financial return on investment.

Read more about impact investing here.


Check your insurance cover

These are five compelling benefits for consolidating your Super but before you choose to leave a fund, you must check to see what insurances you have through the fund. This may include life, total and permanent disability (TPD), and/or income protection insurance.

You can quickly and easily contact us to check if you have access to the same insurance cover before you close your other Super fund accounts. If you’re not sure, get independent advice from a licensed financial adviser.


Finding Lost Super
It’s easy to combine your Super with Christian Super! Visit the following page to find our quick tips to consolidate your Super.

If you have any questions or require assistance, please call our Member Care Team on 1300 360 907 or email us at


Disclaimer: The content of this article includes advice that is general in nature and does not consider your personal situation. Christian Super encourages all people considering their options in retirement planning to seek out qualified professionals who can provide specific personal advice.

*Impact investing refers to investments made into companies, organisations, and funds with the intention to generate a measurable, beneficial social or environmental impact alongside a financial return.