Mercer MyChoice       |       Consolidate your super

The power of consolidation

There’s over $17.8 billion in lost and unclaimed super in Australia.¹ For some, this may be part of a financial strategy. For others it could even be as simple as they’ve lost track and may not even be aware these other accounts exist.

If you’ve had more than one job, there’s a chance you’ve got more than one super account.

Combining of all your super accounts is one of several strategic steps you can take to potentially simplify, strengthen and secure your retirement outlook for the better.

Alternatively, call us and we can search for any other super accounts you may have. We can even consolidate them into your Mercer Super account over the phone. If you’re unsure of your other account details, our team can search for any other accounts you may have.

Before calling, please ensure you have two forms of identification on hand such as a drivers license, passport or Medicare card. Our team will use the details you provide to help locate any other accounts you may have.

You can use our phone-based consolidation service by calling our Helpline on 1800 682 525, Monday to Friday, 8am-7pm (AEST/AEDT).

Frequently Asked Questions (FAQs)

^{1. Australian Taxation Office – The total lost (fund-held) and ATO-held super as of 19 September 2024 was just over $17.8 billion.}

^{2. Combining your super can be a significant financial decision. If you decide to combine all or part of your other super account(s), carefully consider how this may have an impact on your existing insurance, contribution and tax arrangements, fees or charges, or any other benefits you may lose. If you intend to claim a tax deduction on your personal contributions, you will need to provide your existing fund with a notice of intent to claim and receive confirmation it's been processed before combining your super. We recommend you seek financial advice before deciding whether to combine your super accounts.}

^{IMPORTANT Please note that any information in this material regarding legal, accounting or tax outcomes does not constitute legal advice or an accounting or tax opinion and prior to relying and acting on this information it is important that you seek  independent advice from a qualified lawyer or accountant regarding this information.}

^{Published by Mercer Superannuation (Australia) Limited (MSAL) ABN 79 004 717 533, Australian Financial Services Licence 235906, the trustee of Mercer MyChoice, a plan in the Mercer Super Trust ABN 19 905 422 981 ('Mercer Super'). Any advice contained in this document is of a general nature only, and does not take into account the objectives, financial situation or personal needs of any particular individual. Prior to acting on any information contained in this document, you need to consider the appropriateness of the advice taking into account your own objectives, financial situation and needs. Consider the Product Disclosure Statement, Target Market Determinations, Product Guide, Insurance Booklet, and Financial Services Guide before making a decision about the product, or seek professional advice from a licensed, or appropriately authorised financial adviser if you are unsure of what action to take. For more information about this product, please refer to the PDS which is available free of charge. You should consider the PDS in deciding whether to acquire, or to continue to hold, the product.}

^{The material contained in this document is based on information received in good faith from sources within the market and on our understanding of legislation which we believe to be accurate. Neither Mercer nor any of its related parties accepts any responsibility for any inaccuracy.}

^{This information is based on the interpretation of current tax laws which may change. You should obtain your own tax advice.}

^{Mercer financial advisers are authorised representatives of Mercer Financial Advice (Australia) Pty Ltd ABN 76 153 168 293, Australian Financial Services Licence #411766.}

^{The value of an investment in the Mercer Super Trust may rise and fall from time to time. The investment performance, earnings or return of capital invested are not guaranteed. Past performance is not a reliable indicator of future performance.}

^{'MERCER’ is an Australian registered trademark of Mercer (Australia) Pty Ltd ABN 32 005 315 917.}