Consolidating super

Take control of your future by consolidating your super funds

Liston Newton Advisory
Liston Newton Advisory is rated 4.8 from 32 reviews
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We make it easy to consolidate your super

Our superannuation specialists help you take control of your varied accounts by locating all of your super on your behalf. We’ll help you compare and choose the right superannuation fund for your future, whether that’s an existing fund or a new recommendation.  

We’ll then guide you in choosing the right investment mix within your fund, so your investments match your long-term plans and risk profile.

Superannuation comparison
Investment advice
Financial advice
Insurance advice
Tax advice
Wealth planning

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Your superannuation should give you peace of mind—so we’ll help you get there.
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We’re super consolidation experts in Melbourne & Gold Coast

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40 years’ experience

Liston Newton Advisory has over 40 years’ experience helping our clients plan their super and grow their investments, which includes super management.

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Holistic advice

We take a holistic approach when it comes to your super, and include financial planning, tax advice, and estate planning into your long-term plans.

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Completely independent

Liston Newton is not aligned with any financial institution. We give advice based on your best interests and the most suitable superannuation fund for your personal situation.

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A long-term collaborative approach

Managing your superannuation is a long-term strategy. So we partner with you to ensure you have all the knowledge and understanding you need to make the right investment choices for your future.

Meet the team consolidating your super

It’s estimated that over 6 million Australians have more than one super account. Do you?

At Liston Newton Advisory, our goal is to help you harness the power of your super, so you can take advantage of that money you’ve worked so hard to earn.

Importantly, we know that there’s more to super than just the money. Our expert team will also investigate any personal insurance held with your superannuation and ensure this cover isn’t lost when you consolidate your super funds.

Kieran Liston, Director | Adviser

Meet our superannuation specialists

"Our family have been Liston Newton Advisory clients for a very long time. Their professionalism is outstanding — and having just retired, their advice and assistance in setting up our SMSF has been invaluable. We have complete trust and confidence in their service and would recommend them highly."
Julie and Ron Overall
We have worked with Liston Newton's Accountants and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Karsten Horne
CEO, Reho Travel
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Lisa Clarke
SL Constructions
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
Peter Luskan
Pandora

Our methodology for consolidating your super

We know that consolidating your super can feel like a big task. You might not even know how many super accounts you have. So we help manage the process for you, and take a strategic view to make sure your superannuation goals are taken into account.

This is supported by our unique methodology that helps you achieve your personal wealth creation objectives. We call it Get Set, Get Moving, Get Free.

Learn more about our methodology
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Choose the super consolidation experts

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There’s no time like the present to start planning your future

Our super consolidation specialists will help you put the plans in place that allow you to make the most of your retirement.

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Frequently asked questions

What is ‘lost’ superannuation?

‘Lost’ super is a surprisingly common occurrence, and can occur for a number of reasons. For example, you might undertake a short-term job, have a new super fund created in your name, then move on to another company and forget about that fund. Or you might change contact details, and your super fund may lose track as your details change.

Your account is considered ‘lost’ when your fund makes two written communication attempts to contact you, which are then returned unclaimed.

Super funds are required by Australian tax law to notify the ATO of any lost members, so they will then provide your details to the ATO. Your super balance will be held by the fund until claimed, or it’s consolidated with another eligible super fund.

How to consolidate super?

Consolidating your superannuation accounts requires searching and finding all the super accounts you may have in your name. In some cases, you may even hold super accounts without knowing it.

There are two ways you can go about consolidating your super.

Online
  • Log in to your my.gov.au account and head to your ATO account. You may have to link these two accounts if you haven’t already done so.
  • Click on the option for ‘Super’, then click ‘Manage’.
  • You should now see an option to ‘Transfer super.’

Alternatively, if you know which super funds you hold, you can head to the ATO website and fill out a Request for rollover of the whole balance of super benefits between funds form.

By phone
  • The first step is to find those lost super accounts. You can begin this process by giving the ATO a call on their superannuation helpline at 13 10 20.
  • Choose the Lost Members’ Register option in the menu provided, and ensure you have your tax file number on hand.
  • You will then be guided through to process.

But this can often be a lot of work. Instead, your Liston Newton financial adviser can help you track down your lost super for you, and manage the steps necessary to consolidate your super funds.

What is the cost to consolidate super?

While you won’t pay any out-of-pocket fees for consolidating your super, there may be associated administration fees from your super providers for each super account you have. So check with your super provider to find out the specific fees they have involved.

What are the benefits to consolidating super funds?

Consolidating your super account has a few big benefits.

  • Fewer fees to pay. Instead of paying administration, account, or member fees on each separate super account, you’ll now only pay one set of fees. This stops your super from getting eroded by fees and lets you build a better fund for your future.
  • It’s easier to manage. Keeping your super in one single account makes it easier to manage your savings and monitor your growth. There’s less paperwork, and less communication to deal with. It’s easier all around.
  • Improve your retirement strategy. Consolidating your super into one single account means you can keep your retirement savings in one central location. You can streamline your savings plan, avoid unnecessary fees, and boost your long-term savings.
How long does it take to consolidate super?

Unfortunately, there is no set timeframe for consolidating your super. It all depends on the number of accounts you have, and the speed and efficiency with which your super fund works.

The actual transfer of funds, however, is a simple account-to-account transfer. This process shouldn’t take more than 3 to 5 days.

Can you combine super with your spouse?

With a standard retail or industry super fund only one person is able to use this account for their super. So no, you can’t combine super with your spouse if you hold one of these accounts.

However, if you hold a self-managed super fund, this is effectively a savings account that you manage yourself. So in this case you can combine your super with your spouse, but only if you both use this account.

Get in touch with our SMSF advisers to find out more about setting up and managing an SMSF.

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