Calculate how much you could save by consolidating multiple super accounts into one.
Updated October 2026Built and checked by MaverickHow it's calculatedReport an error
Annual saving
$800
1 accounts to close
Lifetime boost
$72,712
compounded to retirement
Fee saving
$200
duplicate admin fees gone
Insurance saving
$600
duplicate premiums removed
Each super account charges its own admin fee and often its own insurance premium. Consolidating eliminates the duplicates.
Money saved on fees stays invested and grows. Over decades, the impact is non-trivial.
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.
Across 50 MySuper products, the typical return over the ten years to 30 June 2026 was 8.0% a year after fees and tax, and the typical fee on a $50,000 balance was $408 a year, from APRA's data.
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. Invested over 30 years at 7% a year, the $1,674 a year saved would grow to about $158,000.
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.