Finding LOST SUPER
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Does this sound like you? |
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- You used to work for an employer in Australia and you don't remember the name of the super provider your employer used to pay your superanuation contributions into.
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- You've had no contact with your lost super fund(s) for 2 years or more.
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- You have less than $6,000 in some of these accounts.
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If so then you may have some lost super, which you will probably want back or have consolidated into your favourite super provider that you use now.
Need to get motivated? There is around $14 billion in unclaimed superannuation monies in Australia held by the Australian Taxation Office that belongs to 5.7 million lost super accounts, meaning the average lost super amount is $2,460.
Find my lost super below
LOST SUPER - how to find it
LOST SUPER rules are getting tougher
The Australian government has recognised lost super is a problem that needs fixing and to do this it now forces funds to hand that money over to the ATO much more quickly than before - they now have to hand it over if they've lost contact with you in the past 2 years and the account balance is less than $6,000 (this is triple the old threshold).
If they do hand this money over, it will stay in your name and earn interest equivalent to match inflation as defined by the Consumer Price Index.