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Super Consolidation Checker

Calculator

Calculate how much you could save by consolidating multiple super accounts into one.

Free to useNo data storedAI insightsUpdated: February 2026

Millions of Australians have multiple super accounts, often without realising it. Every time you start a new job, a new super account may be created — and each one charges its own set of admin fees, investment fees, and insurance premiums. By consolidating into a single account, you could save thousands in unnecessary fees and boost your retirement savings significantly.

Enter Your Details

Enter Your Details

How many separate super accounts do you have?

$

Combined balance of all your super accounts

$

Add up all fixed admin fees across your accounts

$

Combined monthly insurance deductions across all accounts

Your current age

When you plan to retire

Real-World Examples

The Job Hopper

Tom has 4 super accounts from different jobs with a total of $85,000. He's paying $312/year in admin fees and $160/month in insurance across all accounts.

By consolidating into one fund, Tom saves ~$234/year in admin fees and ~$120/month in duplicate insurance. Over 30 years with compounding, this saves approximately $180,000 in retirement savings.

The Lost Super Finder

Amy thought she had 2 accounts but found a third with $8,000 through myGov.

Amy's lost account was paying $78/year in fees with no insurance benefit. Rolling it into her main account immediately stopped the fee drain and added $8,000 to her working balance.

Frequently Asked Questions

Glossary

Lost Super
Super accounts that funds have been unable to contact the member about. After periods of inactivity, these are transferred to the ATO as unclaimed money.
Rollover
The process of transferring super from one fund to another. Can be done online through myGov or by contacting your funds directly.
Inactive Account
A super account with no contributions or rollovers received for 16 months or more. Funds with balances under $6,000 are transferred to the ATO.

Disclaimer: This calculator provides estimates only and should not be relied upon for financial decisions. Interest rates, fees, and policies change frequently. Always verify information with lenders directly. This is general information, not personal financial advice. Consider seeking advice from a licensed mortgage broker or financial advisor.

Last updated: February 2026

How to Use
  1. Select how many super accounts you currently have.
  2. Enter the total combined balance across all accounts.
  3. Add up the total admin fees you're paying across all accounts.
  4. Enter the total monthly insurance premiums deducted from all accounts.
  5. See how much you could save by rolling everything into one fund.
Key Information
  • There are over 6 million lost and inactive super accounts in Australia worth $24+ billion.
  • Having 3 accounts with $78/year admin fees each wastes $156/year in duplicate fees.
  • Duplicate insurance cover across multiple accounts means you're paying for cover you may never use.
  • You can find and consolidate your super through myGov linked to the ATO in minutes.
Pro Tips
  • Use myGov to find ALL your super accounts — many people discover accounts they'd forgotten about.
  • Before consolidating, check if any account has valuable insurance cover that would be lost.
  • Choose to consolidate INTO the fund with the lowest fees and best performance.
  • If your total super is under $6,000 in an inactive account, it may have already been transferred to the ATO.
Avoid These Mistakes
  • Consolidating without checking if you'll lose valuable insurance cover that would be hard to replace due to health conditions.
  • Merging into a high-fee fund just because it has your biggest balance.
  • Not updating your employer's payroll to direct future contributions to your chosen fund.
  • Forgetting to check for lost super through the ATO — there could be thousands waiting for you.
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