Merging your super is vital to maximising your retirement savings.

Changing jobs over the years will put you at risk of losing some of your super if your previous employers have set up accounts you have forgotten about. Fees will erode the balances on these inactive accounts and result in you losing your hard earned super. You should also consolidate to maximise the interest accrued on your single super balance.

Merge your super with this checklist and keep your super savings on track for success.

Research your fund’s policy
Compare your active super accounts so you can make the right choice about which one you should close. You should assess:

• Exit fees
• Insurance policies
• Investment options
• Ongoing service fees
• Performance of the funds

Rollover process
Once you have made your decision, you can combine your super balance by:

• Requesting to merge your accounts through your chosen super fund
• Apply through your myGov account or the ATO

Keep in mind that funds will take time to process your request and rollover.