I had no idea where my lost super was or the names of the funds. I just new it was scattered everywhere and I should definitely have more than $3,000 in my super. Australian Super Finder found all 7 of my funds and now my balance is almost $50,000. Thank you so much for getting my super back on track. ? Leonie, Thomastown VIC

Super Facts and Tips

Super Policies Supported By Both Parties

Itís also worth knowing what superannuation and retirement policies the parties exactly support, as well as those that are presumably to stay in place (unless a party would change minds before or following the election). The large super policies that have bi-partisan and continue support are:

Super Warranty rises over time. The rate of SG will eventually rise to 12% though the Liberals suspended the timing. Visit www.australiansuperfinder.com.au for further information.

Low Income Superannuation Contribution beyond 2017. In the Federal Spending plan of 2016, the Coalition publicized the extension of the LISC (Low Income Super Tax Offset) beyond June 2017. Also, the ALP desires the LISC to remain forever, and both parties agreeably support its retention until 2017 as well as its extension after July 2017.

Age Pension changes effective since January 2015, and superannuation pension assets within the income test rules were initiated by the ALP while the Liberals made it possible.

Double contributions tax for high-wage earners. Both parties agree with the 30% super contribution tax on high-wage earners, and on May 3, 2016, the Coalition declared that it was reducing the income threshold to $250,000 starting July 2017. Also, the ALP wishes to cut it to $250,000. Learn more about high-income earnersí double contribution tax on our knowledgebase.

Support for fixing womenís superannuation savings, however, there hasnít been much done.

Fairer excess contributions policies. Perhaps, both parties have made helpful changes to the extreme excess contributions tax policies, but the Liberals carried out a bigger cleanup.

You may want to learn more about how the electionís outcome would affect the super industry on our knowledgebase.

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