Make sure you’re not one of the over 1 million Australians with over a collective $20 billion in lost super.
How Super Becomes Lost
Super can become lost if you’ve changed your name or contact details. Basically, if your fund can’t find you then they report your fund as lost and the funds are sent to the ATO.
How to Find lost Super
Via the ATO
You can claim lost super yourself from the ato by:
– My Gov
– Calling the lost super search line on 13 28 65
– Completing a paper form here
Via an Advisor
If you’re unsure about which is the best fund to roll into then it’s not a bad idea to have a discussion with a financial advisor. An advisor will be able to assess your current funds and recommend the best option for you. An advisor will charge fees for their service, however good advice is generally worth the cost.
Via a fund
Most funds are able to do a lost super search and are happy to do so for their members. The downside is they will only consolidate funds into their fund and you will not be able to get advice on which is the best fund. Check out the best performing super funds.