What is a rollover?

Rolling over means taking your superannuation and/or any other employment termination payments (ETPs), and transferring the funds directly into another investment within the superannuation system. For example, if you have changed employers, you may wish to transfer your previous superannuation into your new superannuation fund.

Rolling over your superannuation will consolidate your superannuation savings into one account. This may help to reduce fees and charges, and will result in less paperwork as you will only have to read statements/reports from one account. Superannuation savings that have been rolled over will usually retain the concessional tax treatment attached to superannuation.