IMPORTANT INFORMATION

Consolidate

This important information is of a general nature only and has been prepared without taking account of your objectives, financial situation or needs. Before acting on this information or making an investment decision about whether to acquire, hold or sell a financial product, you should consider its appropriateness having regard to your objectives, financial situation and needs and read the relevant Product Disclosure Statement available on the EISS Super website or by calling us on 1300 369 901. You should also consider obtaining financial, taxation and or legal advice which is tailored to your personal circumstances before making a decision.

Fees

Generally, there's no charge for receiving money rolled in from other funds, but you should check with your other fund/s to see if they charge withdrawal fees.

Before you submit your rollover request you should check whether your other fund will deduct any fees or charges as a result of the rollover.

This information can generally be found on the other fund's website, or on a recent statement.

Insurance

If you combine the super you have in another fund into your EISS Super account, you may lose the insurance cover you held through the super account(s) you are closing. Details about this insurance cover can generally be found on your other fund’s website, or on a recent member statement. Default Cover is provided through EISS Super accounts only. You may reduce or cancel this Default Cover at any time. You may also be able to apply for additional, Voluntary Insurance Cover through your EISS Super account. For further information about your current level of insurance cover and the options available, you can call us on 1300 369 901 or visit the Dashboard and the Documents and Forms pages.

Tax

Some rollovers received will be subject to 15% tax. This will apply to all rollovers from untaxed sources, for example rollovers from some Government sector funds and Superannuation Guarantee Contributions forwarded via the Australian Taxation Office.

Consolidate

If you decide to consolidate your super you understand and agree that by submitting this request you:

  1. Transfer the specified value held in respect of the selected super funds or policies;
  2. Understand that on payment by my previous super fund(s), I discharge that super fund(s) from any further liability in respect of the amount transferred;
  3. Understand that information contained in this request will be handled by the trustee(s) in order to process my rollover;
  4. Understand some rollovers are subject to 15% tax. This will apply to all rollovers from untaxed sources, for example rollovers from some Government sector funds and Superannuation Guarantee Contributions forwarded via the Australian Taxation Office;
  5. Understand that, generally there’s no charge for receiving money rolled in from other funds, but you should check with your other fund/s to see if they charge withdrawal fees;
  6. Consent to your Tax File Number being disclosed for the purposes of consolidating your account;
  7. Understand that you will receive confirmation once your money has been received from your previous fund(s);
  8. Understand that all amounts transferred from your previous fund(s) will be credited to this account and accumulate with investment returns (both positive and negative) based on your chosen investment option, or the default option, if you have not made (or are ineligible to make) any investment choice;
  9. Understand that by completing this request you may lose any insurance entitlement you had in your previous fund(s). Your insurance cover can generally be found on the other fund’s website, or on a recent statement. You may be able to apply for additional Voluntary Insurance Cover through your EISS Super account, but you understand it might need to be assessed and approved by the insurer. For further information about your current level of insurance cover and the options available, you can contact us or where applicable, visit the Dashboard and the documents and forms pages; and
  10. Understand that you have the right to ask your previous super fund for information that you reasonably require for the purpose of understanding any super entitlements you may have in that fund/s, including information about any fees and charges that may apply to the transfer and information about the effect of the transfer of any entitlements you have in your previous super fund. You confirm that you do not require such information from your previous fund (or you already have that information).

Confirmation of your request

Your transaction will only be processed if you have received a Receipt Number. If you tried to consolidate your super but you haven't received a Receipt Number (and wish to consolidated your super), please call us on 1300 369 901.

Your request will become effective once it has been processed by us.

Privacy

All information you provide is confidential and subject to the EISS Super Privacy Policy. Your personal information will only be disclosed to third parties (e.g. service providers) in accordance with EISS Super’s Privacy Policy or otherwise with your agreement or as required by law. A copy of EISS Super’s Privacy Policy can be obtained from eisuper.com.au/privacy.