Reactivate your First Super account
If your super account is inactive because you haven’t received a contribution or rolled money in for over 12 months, you’re not making the most of your super.
We’ll still do our part to invest your super carefully and keep costs low, but without contributions your balance could go backwards, and your insurance may be cancelled.
So, are you ready to reactivate your account and get more from your super?
5 ways to reactivate your account
You only need to do one of these, but you could do more!
1. Switch your employer contributions to First Super
If you’ve moved jobs, your employer might be paying your super into a different account. Ask them to contribute to your First Super account instead. Use this Employee Choice of Fund Form to make it happen.
2. Roll in other super accounts
Save on fees and boost the earning potential of your super by rolling other accounts into First Super*.
*Before making a decision to combine your super you should consider any costs, change to insurance cover or loss of benefits that may apply and consider consulting a financial advisor.
3. Make a contribution
Set up a salary sacrifice arrangement with your employer, or simply make a contribution yourself via EFT or BPAY.
4. Nominate a binding beneficiary
A legally valid binding nomination ensures your super balance and insurance benefits will go to the person you want in the event of your death. Find out more.
5. Change your insurance through super
It’s important to have the right insurance cover for your situation. Check your current amount of cover (if any) with our Member Services Team to see if you need to make any changes. By updating your insurance, you’ll also reactivate your account.
Is your balance under $6,000?
If your account has been inactive for 16 months or more and your balance is below $6,000, we may have to transfer your super to the Australian Taxation Office (ATO) under the Federal Government’s Protecting Your Super Package legislation. Find out how to hold onto your super.
WE’RE HERE TO HELP
If you have any questions on reactivating your account or any super matter, simply call our Member Services Team on 1300 360 988 or email us.