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How to change super funds in 4 steps

Switching to a new super fund is much easier than you think. Here's how to do it all online.

We put every effort into ensuring information on Finder is accurate. This article was reviewed by Ryan Watson from our Editorial Review Board as part of our fact checking process.

Step 1: Choose a new super fund

Look for a combination of low annual fees, high long-term returns (10 year performance) and an investment strategy you understand and agree with. If you'd like a bit of help choosing, take a look at our best super fund picks.

Step 2: Join the new super fund

Download the new membership form from the fund's website, which will ask you for the following details:

  • Your personal details including your full name, residential address, contact information and Tax File Number.
  • Your employer's information including the business name, address and ABN.
  • The insurance cover you'd like to include. Most funds will include automatic default death and TPD cover, but you can choose to add income protection cover, or you can opt out of all cover if you don't think you'll need it.
  • The details of your nominated beneficiaries (this is who your super will go to in the event of your death).

Finder survey: Which super fund are Australians with?

Response
AustralianSuper23.92%
Other23.82%
Australian Retirement Trust8.17%
Retail Employees Superannuation Trust7.48%
HESTA6.89%
HOSTPLUS Superannuation Fund5.81%
AMP Super Fund5.22%
Aware Super5.22%
Unisuper3.74%
Colonial First State FirstChoice Superannuation Trust2.85%
MLC Super Fund2.17%
Mercer Super Trust1.48%
Spirit Super1.38%
Care Super0.98%
Construction and Building Unions Superannuation Fund (CBUS)0.69%
Retirement Wrap0.1%
Wealth Personal Superannuation and Pension Fund0.1%
Source: Finder survey by Pure Profile of 1016 Australians, December 2023

Step 3: Transfer your existing super

Once you've completed the new membership form, there will be another form asking if you have any super you want to transfer over. You'll be asked to provide the following details:

  • Your existing fund's name and contact number
  • The fund's ABN and USI numbers (you'll find these on your fund's website or on your last account statement)
  • Your membership number and/or account number

The new membership form will have the details of where to send the completed form. Once you've submitted this, your new super fund will take care of the rest for you. If you've got more than 1 fund you'll need to submit separate forms for each.

Step 4: Tell your employer

You'll find another form on your new fund's website called "Employee super choice form" or "Pay my super into XYZ Fund". It'll be pre-filled with the details that your employer needs. Add your name and membership number, and give this form to your employer so they can start paying your super into your new fund.

Unless indicated otherwise, the information in the table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445.

*Past performance data and fee data is for the period ending Apr 2024

Alison Banney

🔥 Quick tip when rolling over your super

"Before you switch funds, check if you've got any additional super funds open in your name that you might have forgotten about. Just log into your myGov account online and click on the "Super" tab to see a list of funds in your name. You may choose to keep one of these funds instead of opening a new one."

Frequently asked questions

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Ryan is the founder and CEO at Tribeca Financial, a financial advice firm that listens, learns and then gets you on track. He's an accomplished financial advisor and financial wellbeing coach with over 15 years of experience.
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To make sure you get accurate and helpful information, this guide has been reviewed by Ryan Watson, a member of Finder's Editorial Review Board.
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Written by

Editor

Alison Banney is the money editorial manager at Finder. She covers all areas of personal finance, and her areas of expertise are superannuation, banking and saving. She has written about finance for 10 years, having previously worked at Westpac and written for several other major banks and super funds. See full bio

Alison's expertise
Alison has written 656 Finder guides across topics including:
  • Superannuation
  • Savings accounts, bank accounts and term deposits
  • Budgeting and money-saving hacks
  • Managing the cost of living

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