You might forget about some of your super money when things in your life change, like your name, address, or job. That’s why it’s really important to make sure your super fund has your most up-to-date information. When your fund can’t get in touch with you or your account is not active anymore, that’s called “lost super.” Your money stays with your fund when that happens. “Unclaimed super” is when your lost super is moved to the Australian Taxation Office (ATO). You can see all your super accounts, including the lost ones and the ones the ATO is looking after, on the ATO’s online services.
How to claim your lost super?
It can be fairly easy and straight forward if you can log on to ATO online services through myGov and take the following steps:
• Fund details to check for lost super – if you want to keep your super with the same fund, contact them directly to update your details
• Manage and then Transfer Super to transfer this lost super to an eligible super account – or ask your fund to complete the transfer for you
• Manage and then Transfer Super to transfer ATO held super to an eligible super account
• Manage and then Withdraw ATO-held Super to have your super paid directly to you if the amount is less than $200 or you are over 65.
If you need any assistance with transferring the lost super to your SMSF, please feel free to contact us.