Benefits of consolidating your super

If you’re an existing Essential Super member you can bring your super together into your Essential Super account and:

  • You may avoid paying multiple sets of fees
  • Have the confidence of knowing your super is in one place
  • Enjoy the convenience of seeing and managing your super in NetBank or the CommBank app

How to find and consolidate your super

You can consolidate your super online at the myGov website. This website allows you to find your other super you’ve accrued throughout your working life and consolidate your super, if you wish.

1. Log in or create a myGov account.

2. Link your myGov account to the ATO.

3. Select 'super'.

4. You can then find and choose to transfer your super.

Some important things to remember

Before you make a decision to consolidate your super, you should compare the costs, fees, risks and benefits of your other super funds against Essential Super. It makes sense to consider whether you can replace any insurance cover you may lose upon rolling over, potential costs for withdrawing from other super funds, as well as any investment or tax implications.

Please see the Product Disclosure Statement and Reference Guide for specific terms that apply to insurance cover in Essential Super, including what’s not covered. For example, for the first five years of your cover, a benefit won’t be paid if it is due to a pre-existing condition. Generally, a pre-existing condition is an illness or injury that you were aware of at any time in the 3 years immediately before the date your insurance cover commences, recommences or increases. The pre-existing condition exclusion won’t apply after the fifth anniversary of your cover if at any time after that anniversary you are capable of working in your usual occupation for two consecutive months. Additional exclusions also apply.

Haven’t provided your Tax File Number (TFN) on your Essential Super account? You can add it to your account using the CommBank app. Text APP to 0417 041 041 to get the mobile app link sent to your phone.

You can also update your TFN in NetBank. 

Things you should know

Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the issuer of interests in Commonwealth Essential Super ABN 56 601 925 435 (Essential Super). Colonial First State (CFS) is Superannuation and Investments HoldCo Pty Limited ABN 64 644 660 882 and its subsidiaries which include CFSIL. Commonwealth Bank of Australia ABN 48 123 123 124 (the Bank) holds a significant minority interest in CFSIL. The content on this page is issued by CFSIL and may include general financial product advice but does not consider your individual objectives, financial circumstances or needs. The Target Market Determinations (TMD) for our financial products can be found at www.cfs.com.au/tmd and include a description of who the financial product is appropriate for, and any conditions on how products can be distributed to customers. You should read the Product Disclosure Statement (PDS) and the Reference Guide for Essential Super carefully and consider whether the information is appropriate for you before making any decision regarding this product. Read the PDS and Reference Guide, or call us on 13 4074 for a copy. Neither the Bank, CFS, nor any of their respective subsidiaries guarantee the performance of Essential Super or the repayment of capital. An investment in this product is subject to risk, loss of income and capital invested. An investment in Essential Super is via a superannuation trust and is therefore not an investment in, deposit with or other liability of the Bank or its subsidiaries. Where we mention ‘we’, ‘us’ or ‘our’, we mean CFSIL.

The CommBank app is available on Android operating systems 4.0+ and iOS operating system 8.0+. Terms and conditions are available on the app. NetBank access with NetCode SMS is required.

Apple, the Apple logo & iPhone are trademarks of Apple Inc, registered in the U.S. and other countries. App Store is a service mark of Apple Inc. Google Play and Android are trademarks of Google Inc. Windows is a registered trademark of Microsoft Corporation in the United States and other countries. Commonwealth Bank of Australia ABN 48 123 123 124.