How do I consolidate my super?
Consolidating all your super accounts into one can save you time and money and help you in growing your retirement savings. Transferring your other super to TAL is easy. Complete a Transfer Authority Form which can be found here send it back to us and we’ll contact your other fund(s) to arrange the transfer. Note that some funds require their own forms to be completed.
You should consider all relevant information before you make a decision to transfer your super and talk to your adviser if you need to.
Some points you may consider include:
Fees – your other fund must give you information about any fees that apply when rolling over or withdrawing your super. The fees could include administration fees as well as exit or withdrawal fees. If you are not aware of the fees that may apply, please contact your other fund for further information before completing this form. The TAL Superannuation and Insurance Fund may charge entry fees. A contribution fee may also apply if it has been agreed on with your financial adviser.
Insurance benefits – through your other super fund, you may currently be insured for death, illness or an accident which leaves you unable to return to work. If you choose to withdraw your super benefits from your other fund, you may lose any insurance entitlements you have.
If you are unsure about fees or insurance benefits, you should consult your other fund provider or your financial adviser before transferring your benefits.