Rolling over your super means transferring your balance from one super fund to another. It's how you consolidate multiple accounts, switch to a better fund, or move super between an APRA-regulated fund and an SMSF. The process is straightforward but there are a few things to check before you pull the trigger.
How to roll over via MyGov (recommended)
- Log in to myGov and navigate to the ATO section
- Go to Super → Manage → Transfer super
- You'll see a list of all super accounts linked to your TFN
- Select the account(s) you want to transfer from
- Select the account you want to transfer to
- Confirm the transfer
- Most transfers complete within 3–5 business days
How to roll over directly via your fund
Alternatively, you can contact your receiving fund (the fund you want to keep) and ask them to initiate the rollover on your behalf. Most funds have an online rollover tool in their member portal. You'll need the other fund's USI (Unique Superannuation Identifier), your member number, and your TFN.
Before you roll over: the checklist
| Check | Why it matters |
|---|---|
| Insurance cover in the old fund | Rolling over closes the account and cancels any insurance. Arrange replacement cover before you transfer. See insurance inside super. |
| Exit fees | Exit fees on super were banned from 1 July 2019, so this shouldn't apply — but check for legacy products. |
| Defined benefit entitlements | If the old fund has a defined benefit component, do not roll it over without financial advice. You may lose valuable entitlements. |
| Pending insurance claims | If you have an insurance claim in progress with the old fund, don't close the account until it's resolved. |
| Employer contributions | If the old fund is your current employer's fund, give your employer a Standard Choice Form directing future SG to your new fund. Otherwise your next SG contribution may reopen the old account. |
Rolling into an SMSF
If you're rolling into a Self-Managed Super Fund, the process is slightly different. You'll need to provide your SMSF's details (fund name, ABN, USI, bank account) to the transferring fund. The ATO's SuperStream system handles the electronic transfer. Make sure your SMSF is registered and has an active ABN before initiating the rollover.
Rolling ATO-held super
If the ATO is holding super on your behalf (from lost accounts or accounts with small balances), you can claim this through MyGov. Go to Super → Manage → Transfer super and select the ATO-held amounts. These transfers are processed by the ATO and may take slightly longer.
After the rollover
- Check your receiving fund's balance after 5–7 business days to confirm the transfer arrived
- Verify the amount matches what you expected (the old fund may have deducted any outstanding fees or insurance premiums)
- Update your employer if needed so future SG goes to the right fund
- Review your investment option in the receiving fund — rollovers sometimes go into the default option