Did you know there is around $16 billion in lost and unclaimed superannuation across Australia? The ATO recently indicated this is an increase of $2.1 billion since last financial year and is urging Australians to check their account to see if some of the money is theirs.
Finding lost or unclaimed superannuation is easy and can be done in a matter of minutes. To find and manage your superannuation using ATO
Sign in or create a myGov account
Link your myGov account to the ATO
You can then find and consolidate your super. Alternatively, if you are unable to access ATO online services, you can call the ATO’s lost super search line on 13 28 65. You will need to provide information such as your personal details, contact details and superannuation fund details.
People often lose contact with their superannuation funds when they change their job, name, address, live overseas, or simply forget to
update their details.
Lost super is superannuation money held by superannuation funds. You become a “lost member” and your superannuation becomes “lost” if you are:
Your fund will hold your lost super until they find you. If they can’t find you, some types of lost super will be transferred to the ATO.
Unclaimed super is money funds are required to transfer to the ATO twice a year. Generally, super will be transferred to the ATO from superannuation providers for any of the following: