How to change super funds in 4 steps

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?

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.

Ready to choose a new super fund?

1 - 16 of 215

Name	Last 1 year performance (p.a.)	Last 3 year performance (p.a.)	Last 5 year performance (p.a.)	Last 10 year performance (p.a.)	Fees on $50k balance (p.a.)
Australian Ethical Super Balanced Green CompanyEthical	Last 1 year performance (p.a.) +9.53%	Last 3 year performance (p.a.) +6.73%	Last 5 year performance (p.a.) +6.71%	Last 10 year performance (p.a.) +7.56%	Fees on $50k balance (p.a.) $603	Go to siteMore Info Compare
Hostplus Balanced Industry fund	Last 1 year performance (p.a.) +8%	Last 3 year performance (p.a.) +10%	Last 5 year performance (p.a.) +6.89%	Last 10 year performance (p.a.) +8.93%	Fees on $50k balance (p.a.) $606	Go to siteMore Info Compare
CareSuper Growth Industry fundHigher risk	Last 1 year performance (p.a.) +11.7%	Last 3 year performance (p.a.) +9.47%	Last 5 year performance (p.a.) +6.95%	Last 10 year performance (p.a.) +8.94%	Fees on $50k balance (p.a.) $553	Go to siteMore Info Compare
Aware Super High Growth Industry fundHigher risk	Last 1 year performance (p.a.) +10.92%	Last 3 year performance (p.a.) +9.62%	Last 5 year performance (p.a.) +7.64%	Last 10 year performance (p.a.) +9.29%	Fees on $50k balance (p.a.) $497	Go to siteMore Info Compare
HESTA Balanced Growth Industry fund	Last 1 year performance (p.a.) +9.59%	Last 3 year performance (p.a.) +8.61%	Last 5 year performance (p.a.) +6.56%	Last 10 year performance (p.a.) +8.02%	Fees on $50k balance (p.a.) $477	Go to siteMore Info Compare
UniSuper Balanced Industry fund	Last 1 year performance (p.a.) +10.34%	Last 3 year performance (p.a.) +7.54%	Last 5 year performance (p.a.) +6.63%	Last 10 year performance (p.a.) +8.37%	Fees on $50k balance (p.a.) $351	Go to siteMore Info Compare
AustralianSuper - Balanced Industry fund	Last 1 year performance (p.a.) +8.23%	Last 3 year performance (p.a.) +8.25%	Last 5 year performance (p.a.) +6.75%	Last 10 year performance (p.a.) +8.61%	Fees on $50k balance (p.a.) $382	Go to siteMore Info Compare
Australian Retirement Trust - Growth Higher risk	Last 1 year performance (p.a.) +11.96%	Last 3 year performance (p.a.) +11.95%	Last 5 year performance (p.a.) +8.36%	Last 10 year performance (p.a.) +9.53%	Fees on $50k balance (p.a.) $587	Go to siteMore Info Compare
HESTA High Growth Industry fundHigher risk	Last 1 year performance (p.a.) +12.58%	Last 3 year performance (p.a.) +11.27%	Last 5 year performance (p.a.) +8.3%	Last 10 year performance (p.a.) +9.46%	Fees on $50k balance (p.a.) $557	Go to siteMore Info Compare
UniSuper Conservative Balanced Industry fund	Last 1 year performance (p.a.) +5.5%	Last 3 year performance (p.a.) +4.72%	Last 5 year performance (p.a.) +4.51%	Last 10 year performance (p.a.) +6.19%	Fees on $50k balance (p.a.) $366	Go to siteMore Info Compare
Australian Retirement Trust - Lifecycle Balanced Pool Lifestage	Last 1 year performance (p.a.) +9.88%	Last 3 year performance (p.a.) +9.51%	Last 5 year performance (p.a.) +6.98%	Last 10 year performance (p.a.) +8.4%	Fees on $50k balance (p.a.) $547	Go to siteMore Info Compare
AustralianSuper Conservative Balanced Finder AwardIndustry fund	Last 1 year performance (p.a.) +5.64%	Last 3 year performance (p.a.) +5.43%	Last 5 year performance (p.a.) +5.04%	Last 10 year performance (p.a.) +6.74%	Fees on $50k balance (p.a.) $367	Go to siteMore Info Compare
Australian Ethical Super Growth Green CompanyEthicalHigher risk	Last 1 year performance (p.a.) +11.43%	Last 3 year performance (p.a.) +8.37%	Last 5 year performance (p.a.) +7.44%	Last 10 year performance (p.a.) +8.33%	Fees on $50k balance (p.a.) $733	Go to siteMore Info Compare
Australian Retirement Trust - Australian Shares Higher risk	Last 1 year performance (p.a.) +14.07%	Last 3 year performance (p.a.) +11.6%	Last 5 year performance (p.a.) +7.09%	Last 10 year performance (p.a.) +8.76%	Fees on $50k balance (p.a.) $352	Go to siteMore Info Compare
UniSuper Growth Industry fundHigher risk	Last 1 year performance (p.a.) +12.51%	Last 3 year performance (p.a.) +8.62%	Last 5 year performance (p.a.) +7.1%	Last 10 year performance (p.a.) +9.17%	Fees on $50k balance (p.a.) $426	Go to siteMore Info Compare
Australian Ethical Super International Shares Green CompanyEthicalHigher risk	Last 1 year performance (p.a.) +17.56%	Last 3 year performance (p.a.) +11.1%	Last 5 year performance (p.a.) +9.53%	Last 10 year performance (p.a.) +10.04%	Fees on $50k balance (p.a.) $643	Go to siteMore Info Compare

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The information in the table is based on data provided by Chant West Pty Ltd (AFSL 255320) which is itself supplied by third parties. While such information is believed to be accurate, Chant West does not accept responsibility for any inaccuracy in such information. Chant West’s Financial Services Guide is available at https://www.chantwest.com.au/financial-services-guide . Finder offers no guarantees or warranties about the data and we recommend that users make their own enquiries before relying on this information. Performance, fees and insurance data is based on each fund's default MySuper product. Where the performance, fees and insurance data for the MySuper fund vary according to the member's age, results for individuals between 40-49 years of age have been shown. Past performance is not a reliable indicator of future performance.

🔥 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

• What will it cost to change super funds?

  Some funds do charge an exit fee when you leave the fund and close your account (although this is getting less common). This will be listed in their PDS on their website. If there is an exit fee, it's usually around $40 to $60. There are no joining fees for opening an account with a new super fund.

• Will I need to pay capital gains tax when switching funds?

  No, not initially. When you roll over your super into another fund, the money stays within the super system (rather than being 'sold'). So any tax elements that apply will simply be rolled over to the new fund, and will apply when you eventually withdraw the money.

• Do I need to change super fund when changing jobs?

  No. When you start your new job, simply give your new employer your super fund details and they'll pay your super into your existing fund. Your super is yours, and will always be in your name, regardless of where you're working.

• Is switching super funds worth it?

  The small bit of effort required to change funds is extremely minor when compared to the cost of sticking with a high-fee, poor performing fund. The difference in fees might not seem like much over one year, but when compounded over 20, 30 or even 40 years, the difference really adds up. By switching to a fund that charges 1% lower fees than your current fund, you could potentially retire with thousands (or even hundreds of thousands) more in your super.

• How do I compare super funds?

  The main things to compare when choosing a new super fund are the fees and performance returns. With the fees, the lower the better, and with the performance returns the higher the better. For more help, you can read our detailed guide on how to compare super funds.

• How do I consolidate super funds?

  The 4 steps to consolidating your super funds are: locate your funds, choose your primary account, transfer your balance/s into the new account and update your employer.

• Can you have more than 1 super fund?

  There are a lot of superannuation funds in Australia and it's easy to have multiple funds. You can have more than 1 super fund, but it's not a good idea to do so. Having multiple funds means incurring multiple sets of fees, which is unnecessary and will eat into your retirement balance.

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Unlike other comparison sites, we're not owned by a super fund company. That means our opinions are our own and you can compare nearly every super fund in Australia on Finder.

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Since 2017, we've helped over 200,000 people find a super fund by comprehensively comparing funds. We'll never ask for your personal information. We're here to help you make a decision.