How much of the estimated $20.8 billion in lost super is YOURS?
One of the most common ways people lose their super is from previous employment (particularly during their entry to the workforce) or when their employers create a new employer-choice fund account and existing fund details are not provided to them.
Your super fund will report you as a lost member if either:
> they have not been able to contact you
> they have not received any contributions or rollover amounts for you in the last five years
> your account was transferred from another fund as a lost member account and no new address has been found
In earlier years individuals could use the Superseeker tool to locate any missing super, but now the ATO offer a new facility to search and claim any lost super directly through your myGov account where you can transfer any balances straight through to your existing super fund.
There’s $20.8 billion in lost #superannuation waiting to be found - is some of it yours? 🤑 It’s (super) easy to check using our online services via @myGovau. Start your hunt @ https://t.co/pmWqlBUgFk pic.twitter.com/vKLzqx1Wzg
— ato.gov.au (@ato_gov_au) November 15, 2019