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Download a Transfer Authority Form, follow the four simple steps and return your completed form via mail to NGS Super. ^ If you already have symptoms of a health condition that may result in a claim, it may be better to leave some money in your old super fund and keep your other insurance cover in force.
If you apply to transfer your cover, please wait until you receive confirmation that we have accepted your insurance before consolidating your super balance into your NGS Super account.
This is an easy and quick way to move all of your super into one account.
You will need your tax file number to find out how many accounts you have, where they are and how much are in each.
If you do not do this, your other fund may continue to receive money from your employer, and may set up another account for you where fees are likely applicable.
Superannuation Choice Form Other factors should be considered when choosing a superannuation fund.
Once the transfer is completed, you can view your combined funds by logging in to your Member Online account, then clicking on ‘Account Activity’ in the menu board.
If not, complete our Superannuation Choice Form and arrange for your employer to direct super guaranteed contributions into your NGS Super account.
If you already have a my Gov account, log in and click through to the ATO section. In this section, you can: Step 3: choose the fund you want to transfer your money from (called the ‘transferring fund’) and the fund you want to transfer your money to (called the ‘receiving fund’) from the funds listed.
Step 4: confirm your selection and your funds should move your accounts into one account within three days. Step 1: download a rollover initiation form from the ATO’s website Step 2: complete a form for each fund you are transferring a benefit from Step 3: send the form to the fund you are moving your super money into Step 4: the fund you have chosen to move your super money into then contacts the other fund and requests the transfer Step 5: the other fund must transfer your super money within 30 days (for paper requests). See the ATO website for more information You can contact either the fund you want to move your money into or your current fund to let them know you want to consolidate your accounts.
Most of us will have more than one job in our lifetimes.
That generally means having more than one super account.