Did you know the average charges paid by Australians for a low cost superannuation account is $532 per year? MyGov has made it much easier for people to combine their super accounts in one place.
§ Create a myGov account at www.mygov.com.au then link the ATO to your account
§ If you already have a myGov account, just log in and click on the ATO
§ Go to the Super tab, and then You can do any of the following:
§ See details of all your super accounts, including any you have forgotten about
§ See details of any super the ATO is holding on your behalf
§ Transfer your super online, or Combine multiple super accounts
If you tried consolidating your super in the past and gave up frustrated, consider trying again. Once you have linked the ATO to your myGov account, the transfer process usually takes a few minutes and transactions will generally be processed within three working days
There is no need to provide certified documents to super funds as in the past
For more information, go to ato.gov.au/superonline or for lost super data, ato.gov.au/About-ATO/Research-and-statistics/In-detail/Super-statistics.