The ATO SuperMatch service to find and combine your accounts is currently offline. So, for now you will not be able to log into your REI Super account and combine your super online. Instead you will need to complete the Rollover form and send it back to us.
Don’t want to use snail-mail?
There’s another way to find and combine your super accounts online. You can log into your myGov account and combine any monies held by the ATO. For step to step instructions on how, visit MoneySmart.gov.au
Save money and more
There is so much upside to finding and combining your super into one account.
- Save on fees. Paying multiple fees for multiple account can get expensive and fees can slowly erode you balance, especially low account balances. By having one account means only one set of fees to pay.
- Reduced paperwork. Having one account makes it easier to manage and to track your super going forwards. When you change jobs, you can take your REI Super account with you.
- Compound interest. The biggest bonus with one account, means more funds in one pot and the power of compounding interest. Compound interest will give a boost to your account savings without you having to do anything.
The graph shows an example how compound interest works with an initial deposit of $50,000 and an annual lump sum contribution of $5,000. Inflation 2.5% and a return of 6% paid annually. At the end of 10 years you’d have a total of $157,423 in today’s dollars your account.
Remember, investment returns aren't the same every year. Some years they are higher and other years they are lower. When returns frequently go up and down, it is called volatility. Time is your best friend when it comes to investing. The longer you invest, the more time you have to ride out the markets' ups and downs.
Use MoneySmart’s compounding interest tool to see how it would relate to your finances.