Consolidating accounts within Australian Retirement Trust
If you have more than one account with us, you may wish to consider consolidating them into a single account. Learn more below.
What are your options?
Choose to consolidate into your Super Savings account*
Your super money will be transferred into your chosen Super Savings account.
Choose to consolidate into your QSuper account
Your super money will be transferred to your QSuper Accumulation account.
Choose to consolidate multiple Super Savings accounts into one Super Savings account*
Your super money from your Super Savings account(s) will be transferred into your chosen Super Savings account.
Continue with multiple accounts
Continue to enjoy the same products and services. However, you may be paying more than one set of fees and insurance premiums, and any Income Protection benefit may be affected.
* When we merged, Sunsuper for life, Sunsuper for life Business and Sunsuper for life Corporate accounts became Australian Retirement Trust Super Savings, Super Savings – Business and Super Savings – Corporate accounts. See the Sunsuper and QSuper merger guide for details.
Make sure you consider the information below before making a choice. Please note you are unable to consolidate Lifetime Pensions. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. If you’d like to consolidate super from outside Australian Retirement Trust, visit our Finding and consolidating your super page.
What should you consider?
Deciding what is best for you will depend on your personal circumstances. Here are five important things to think about (keeping in mind this is general information only):
Authorities
If you consolidate your accounts, authorities you have on your chosen account will apply. Authorities you have on the account you choose to close will no longer apply.
Examples of authorities you may have on your account are your financial adviser, your spouse, your appointed attorney, an administrator, or guardian.
Super Savings account | QSuper account |
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Check authorities | Check authorities |
Add or update authority | Add or update authority |
What if I close my QSuper account?
If you no longer have an open QSuper account, you will need to meet certain eligibility conditions if you want to open a QSuper account in the future. Refer to the QSuper Product Disclosure Statement for Accumulation Account for further information.
What does QSuper do now that it is part of Australian Retirement Trust?
The QSuper brand is now a part of Australian Retirement Trust, dedicated to providing superannuation products and services to existing QSuper members, employees of the Queensland Government and default employers, and their families.
How to consolidate your accounts
If you’ve made the decision to consolidate accounts, follow the steps below.
I want to consolidate my Super Savings account(s) in another Super Savings account
To consolidate your Super Savings account(s) into another Super Savings, Super Savings – Business or Super Savings – Corporate account:
If you currently are receiving Superannuation Guarantee payments into a Super Savings account, you’ll need to let your employer know to direct those payments into the account you want to consolidate into. Otherwise, we will be unable to close all the account/s.
If you are not transferring your insurance, please skip to step 2.
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If consolidating into your Super Savings Accumulation account
Complete the Transfer of insurance cover form available at australianretirementtrust.com.au/formsIf consolidating into a Super Savings – Business Accumulation account, or Super Savings – Corporate Accumulation account
Complete the Transfer of insurance cover form available on your employer’s Australian Retirement Trust microsite.Send us your completed form along with a letter or certificate of currency issued within the last 30 days. You can request a certificate of currency by contacting us.
Wait for us to confirm your insurance transfer application has been accepted before you consolidate your accounts or cancel your insurance.
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Consolidate by completing the Transfer to another super fund form. When completing Section 5 of the form, make sure to select Option C then nominate which accounts you want to transfer, then choose the account you want to consolidate those accounts into.
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We’ll do the rest and send you written confirmation. Make sure your employer knows where to pay your super.
If you also need to consolidate a QSuper account into your Super Savings account, you’ll need to repeat the steps for consolidating a QSuper account above.
Frequently asked questions
If you’re still looking for an answer to your question, please contact us or call 13 11 84 (8:00am - 7:30pm AEST Monday to Friday).
Advice questions
What if I can’t decide what to do?
You may wish to speak to a financial adviser to help get the most out of your super. For information about your QSuper account visit the QSuper website. For advice about your Super Savings account visit the Australian Retirement Trust website.
Insurance questions
Why do I have multiple insurance product and premiums across my accounts?
Unless you have previously elected otherwise, insurance cover is provided to all eligible members as part of their superannuation accounts, and the premiums you are charged in each account are based on the type and amount of insurance cover you have. For members with multiple accounts, this may mean you could hold similar insurance products at the same time – and be paying multiple sets of premiums at the same time.
It is important to consider your insurance needs at your different life stages and the impact of the any premiums on your retirement balance to determine if your total cover and premium cost is still right for you. You should seek financial advice before making a decision to keep or cancel insurance cover.
Account questions
Why do I get charged multiple sets of fees and costs for having multiple products?
Each product that you hold has its own fees and costs. These costs are outlined in the applicable Product Disclosure Statement and associated Guides for the product. Consolidating your accounts into a single account prevents you from having multiple set of fees and enables you to feel on top of your super with only one super account to manage. You should seek financial advice before making a decision to consolidate your accounts and to consider if the timing is right and if you will lose access to benefits such as insurance or pension options, or if there are tax implications.
Investment questions
What if I have money in the QSuper Self Invest option?
You will need to move your money to another QSuper investment option before transferring it to another account. You can do this in Member Online.
Other questions
What if I have a surcharge debt?
If you are transferring your QSuper Accumulation account to your Super Savings Accumulation account, any surcharge debt you have will be deducted from your account when your accounts are consolidated.