Skip to main content
Locate usPhone:1300 236 344
Financial adviceFuneral Bonds

Consolidating your super

Education HUB article

5 minute read

Stop paying too much

Join the 10 million Australians currently saving for their future by not paying multiple fees on more than one super account.

ATO figures show about 60% of Australians are holding only one super account1.

Your super is your savings for your retirement. Multiple super accounts may mean you are paying many sets of fees and potentially multiple insurance premiums. Would you pay more than one person to do the same job?  Paying multiple providers to manage your super can reduce your overall balance and leave you worse off in retirement.

Most people are eligible to choose where their employer pays their super contributions. This means you have control to choose your super fund and take it with you when you change jobs. Check with your employer if you are unsure.

Take control of your super and consider what fund works best for you. Consider consolidating all your funds and get back to paying for one super account. Before consolidating any super it is important you check how the transfer may impact your current benefits such as your current insurance arrangements. If you choose Bendigo SmartStart Super, you may wish to bring your insurance with you. Call us or complete our Insurance Transfer Form.


How to consolidate your super and start saving today

If you know your super fund details you can use our simple Super Transfer Form which is also available when you apply.

Alternatively, the ATO makes it easy for you using their online consolidation tool

ATO’s online consolidation

  1. Create a myGov account and then link the ATO to your account.
  2. Go to the 'Super' tab.
  3. Choose the fund you want to transfer your money from (‘Transferring fund’) and the one you want to transfer it to (‘Receiving’).
  4. Confirm

If you have any questions, you can call us on 1800 033 426 or email us at

1Figure is based on member data reported by funds to the Australian Tax Office (ATO) for the year ending 30 June 2018. Visit for more information.

Sandhurst Trustees Limited ABN 16 004 030 737 AFSL 237906 (Sandhurst) is a wholly owned subsidiary of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879. Each of these companies receive remuneration on the issue of the product or service they provide. Sandhurst is the responsible entity and issuer of the managed funds available on this website, and is also the trustee and issuer of the Bendigo superannuation products. Investments in these products are not deposits with, guaranteed by, or liabilities of Bendigo and Adelaide Bank and are subject to normal investment risk, including possible delays in repayment and loss of income and capital invested. Before making an investment decision in relation to one of these products you should consider your situation and read the relevant Product Disclosure Statement available on this site.

Sandhurst is the issuer of the commercial lending products and the provider of any traditional trustee services available on this website. The Bendigo Funeral Bond (“the Bond”) is an investment product issued by Australian Friendly Society Limited (“the Society”), ABN 29 087 648 851 AFSL 247028, with benefits provided by the Society’s Funeral Benefit Fund established under Schedule 1, Rule E of its constitution and administered by Sandhurst. The Travel Protection Plan is issued by AIA Australia Limited ABN 79 004 837 861 AFSL 230043. The Society is associated with the Bank and its related entities. Neither the Bank nor any of its related entities guarantee the repayment of capital invested or the investment performance of the Bond. Information is correct at the date of this document and is subject to change.

The content on this website has been jointly prepared by Sandhurst and Bendigo and Adelaide Bank and contains general advice only. Advice in relation to superannuation and managed investment schemes is provided by Sandhurst and advice in relation to life risk insurance is provided by Bendigo and Adelaide Bank. It is provided as general information and must not be relied upon as a substitute for financial planning, legal, tax or other professional advice. The information is given in good faith and has been derived from sources believed to be accurate at its issue date. Neither Sandhurst nor the Bendigo and Adelaide Bank give any warranty for the reliability or accuracy or accept any responsibility arising in any way, including by reason of negligence for errors or omissions for the information contained on this website. The information contained on this website is subject to change without notice. Neither Sandhurst nor the Bendigo and Adelaide Bank has an obligation to update, modify or amend this website or notify you in the event that a matter of opinion or projection stated changes or subsequently becomes inaccurate.

Neither Sandhurst nor Bendigo and Adelaide Bank is responsible for the content of any other site accessed via this site. That information is the responsibility of the site owner. Links to other sites are provided for convenience only and do not represent any endorsement by Sandhurst or the Bendigo and Adelaide Bank of the products offered by the site owner.

Refer to the Bendigo and Adelaide Bank terms of use for information that governs this website.

Financial Services Guide

Read next

Family walking along the beach

Grow your super

15 minute read

It may seem like forever before you can get your hands on your super. That doesn’t mean you should ignore it. We cover some things that you can do to help grow your super.

Middle age couple in backyard

Planning retirement

10 minute read

You may have an idea of what you want to do once you retire from the workforce. Have you thought about how much income you will need to fund this?

Man sitting at table with computer

Risk vs return

15 minute read

All investments carry risk – even investing in cash. Market conditions, inflation, changes to interest rates and economic downturns can all have an impact on your investment.

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

© Copyright 2021 Bendigo and Adelaide Bank