Changing jobs and consolidating

Key considerations

It's commonplace for people to hold several jobs across the course of their career, this means there are a number of factors to examine when moving into a new role and considering your options for super.  The right choice of super fund can reduce unnecessary fees and paperwork, making its easier to manage your super.

Consolidate

GET EVERYTHING IN THE RIGHT PLACE

Why leave your super lying around in inactive accounts and pay fees for each one? We make consolidating your super simple with our quick paperless online process. It will mean more money for your retirement and peace of mind today. So get things in order and grow your super balance faster.

To do some tidying up, login to your secure online account. Once logged in click on "Contributions", then "Rollovers" to consolidate your super.

Login to start tidying up

WHY CONSOLIDATE?

No one wants to have their super lying around in inactive accounts generating extra paperwork and unnecessary fees. With your entire super in one place you are:

  • paying only one set of fees for managing your super
  • growing your wealth and have more at retirement
  • having less paperwork to manage
  • reducing the chance of ending up with lost super accounts if you only have one to keep track of.
CONSIDER ALL THE IMPLICATIONS

It’s sensible to consider the implications before rolling your super into one account, for example:

  • compare the features of your current funds. You can compare us with another fund
  • whether consolidation might have any effect on your insurance cover or entitlement to benefits
  • some funds charge an exit fee for you to transfer your super into another fund.

If you have any doubts, you may like to seek professional advice before consolidating.

CONSOLIDATE ONLINE TODAY – NO FORMS NEEDED!

You can now request to consolidate your super online in a matter of minutes. To complete the consolidation request you only need:

  • the name of your other fund (that you would like to roll money out of)
  • your membership number of the other fund
  • your Tax File Number if you have not already provided this to NGS Super.
HOW TO CONSOLIDATE YOUR SUPER

NGS offers you quick and easy online or over the phone consolidation process that means no forms or paperwork to complete. Simply follow the steps below:

  • Login to your secure Member Online account (if you don’t know your PIN number, please call us on 1300 133 177)
  • Click on “Contributions” then “Rollovers/Transfers-In”
  • Click on the “Online rollover request” link to get started

or

Alternatively, you can consolidate your super by completing the Rollover/Transfer Authority eForm

Changing Jobs

MOVING ON? STAY WITH US

If you're changing jobs, you can keep your super with NGS Super and ensure you don't lose track of your valuable investment. Choice of fund means that you have the freedom and flexibility to choose the fund you want to manage your super.

WHAT IS IT?

Choice of fund means that you can choose which super fund you want to join. It gives you more freedom and flexibility when you are starting a new job.

HOW IT WORKS

Most employees can choose where they want their super to go, but not all employees are eligible. Ask your payroll department to find out about your workplace arrangements.

HOW TO DO IT

To keep us as your fund, click on the button below to fill in the superannuation choice eForm and give it to your employer.

Complete Form

If you are already a member of NGS Super, make sure you include your membership number on the form.

For more information call the NGS Super Customer service Team on 1300 133 177

Do I have lost super?

LOOKING FOR LOST SUPER?

If you think you’ve lost track of some super, you can get things back in order within seconds with myGov website. All you need is your full name, date of birth and your tax file number.

You can also visit AUSfund to search for small balances of super.

WHY DOES SUPER GO MISSING?

If you have changed jobs or married and changed your name, you may have old super accounts you've forgotten about. But the funds have not forgotten you! Chances are you are paying fees for those old accounts and have extra paperwork to deal with.

WHAT NEXT?

You might want to consider consolidating your super accounts all into one - to save on fees and paperwork, and give your super wealth the best chance of growing between now and retirement!

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